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REGISTERED NUMBER: 03159294 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Professional Response Limited

Professional Response Limited (Registered number: 03159294)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Professional Response Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Miss C H Dungworth
Miss L J H Dungworth





SECRETARY: Miss C H Dungworth





REGISTERED OFFICE: Howley Park Road East
Morley
Leeds
West Yorkshire
LS27 0SW





REGISTERED NUMBER: 03159294 (England and Wales)





ACCOUNTANTS: Frank W Dobby & Co Limited
Chartered Certified Accountants
55 Fountain Street
Morley
Leeds
West Yorkshire
LS27 0AA

Professional Response Limited (Registered number: 03159294)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 272,860 124,731
Investments 5 555,502 555,502
828,362 680,233

CURRENT ASSETS
Debtors 6 2,197,912 2,333,013
Cash at bank and in hand 1,413,088 916,149
3,611,000 3,249,162
CREDITORS
Amounts falling due within one year 7 1,159,506 945,414
NET CURRENT ASSETS 2,451,494 2,303,748
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,279,856

2,983,981

PROVISIONS FOR LIABILITIES 11,954 -
NET ASSETS 3,267,902 2,983,981

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 3,267,898 2,983,977
SHAREHOLDERS' FUNDS 3,267,902 2,983,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Professional Response Limited (Registered number: 03159294)

Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





Miss L J H Dungworth - Director


Professional Response Limited (Registered number: 03159294)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Professional Response Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from services are recognised when services are delivered and legal title passes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Professional Response Limited (Registered number: 03159294)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 82 (2023 - 76 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 March 2023 - 26,883 19,277
Additions 21,128 2,126 65,873
Disposals - - -
At 29 February 2024 21,128 29,009 85,150
DEPRECIATION
At 1 March 2023 - 22,205 17,917
Charge for year 1,056 1,021 10,085
Eliminated on disposal - - -
At 29 February 2024 1,056 23,226 28,002
NET BOOK VALUE
At 29 February 2024 20,072 5,783 57,148
At 28 February 2023 - 4,678 1,360

Professional Response Limited (Registered number: 03159294)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 169,843 46,319 262,322
Additions 110,917 29,741 229,785
Disposals (72,441 ) - (72,441 )
At 29 February 2024 208,319 76,060 419,666
DEPRECIATION
At 1 March 2023 59,773 37,696 137,591
Charge for year 30,597 9,591 52,350
Eliminated on disposal (43,135 ) - (43,135 )
At 29 February 2024 47,235 47,287 146,806
NET BOOK VALUE
At 29 February 2024 161,084 28,773 272,860
At 28 February 2023 110,070 8,623 124,731

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 555,502
NET BOOK VALUE
At 29 February 2024 555,502
At 28 February 2023 555,502

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 1,236,684 1,415,936
Amounts owed by group undertakings 838,030 838,070
Other debtors 123,198 79,007
2,197,912 2,333,013

Professional Response Limited (Registered number: 03159294)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 421,463 324,970
Amounts owed to group undertakings 26 3,091
Taxation and social security 461,261 388,200
Other creditors 276,756 229,153
1,159,506 945,414

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
Miss C H Dungworth
Balance outstanding at start of year (667 ) (24,329 )
Amounts advanced 71,171 38,662
Amounts repaid (70,504 ) (15,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (667 )

Miss L J H Dungworth
Balance outstanding at start of year (250 ) -
Amounts advanced 9,455 23,750
Amounts repaid (9,205 ) (24,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (250 )

The directors provided an interest free loan to the company. The balance owed to the directors as at 29 February 2024 was nil [2023: £917].

9. RELATED PARTY DISCLOSURES

During the year dividends of £403,000 were paid to Professional Response (Holdings) Limited.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Professional Response (Holdings)Ltd.

The company's Ultimate controlling party is Professional Response (Holding) Limited, whose registered office and principal place of business is Howley Park Industrial Estate, Howley Park Road East, Morley, Leeds, West Yorkshire, England, LS27 0QR.