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REGISTERED NUMBER: 04176398 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Professional Response (Sheffield)
Limited

Professional Response (Sheffield)
Limited (Registered number: 04176398)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Professional Response (Sheffield)
Limited (Registered number: 04176398)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,726 48,119

CURRENT ASSETS
Debtors 5 669,542 666,294
Cash at bank and in hand 1,225,192 910,609
1,894,734 1,576,903
CREDITORS
Amounts falling due within one year 6 635,647 586,497
NET CURRENT ASSETS 1,259,087 990,406
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,295,813

1,038,525

PROVISIONS FOR LIABILITIES 4,744 5,555
NET ASSETS 1,291,069 1,032,970

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,290,969 1,032,870
SHAREHOLDERS' FUNDS 1,291,069 1,032,970

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 (Sheffield)
Limited (Registered number: 04176398)

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 (Sheffield)
Limited (Registered number: 04176398)

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

1. STATUTORY INFORMATION

Professional Response (Sheffield) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04176398

Registered office: Unit 11
Carlisle Business Centre
Chambers Lane
Sheffield
South Yorkshire
S4 8DA

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 provided 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.
Improvements to property - Straight Line over Lease Period
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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 (Sheffield)
Limited (Registered number: 04176398)

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.

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 23 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2023
and 29 February 2024 24,357 15,930 3,443
DEPRECIATION
At 1 March 2023 24,357 9,184 2,742
Charge for year - 1,012 105
At 29 February 2024 24,357 10,196 2,847
NET BOOK VALUE
At 29 February 2024 - 5,734 596
At 28 February 2023 - 6,746 701

Professional Response (Sheffield)
Limited (Registered number: 04176398)

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
and 29 February 2024 53,635 16,235 113,600
DEPRECIATION
At 1 March 2023 13,409 15,789 65,481
Charge for year 10,056 220 11,393
At 29 February 2024 23,465 16,009 76,874
NET BOOK VALUE
At 29 February 2024 30,170 226 36,726
At 28 February 2023 40,226 446 48,119

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 612,484 599,432
Amounts owed by group undertakings 26 3,091
Other debtors 57,032 63,771
669,542 666,294

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 319,729 294,028
Taxation and social security 176,757 145,631
Other creditors 139,161 146,838
635,647 586,497

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The director provided an interest free loan to the company.

Amount due to related party as at 29th February 2024 was £10 and in 2023 the balance was £10.

8. 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.