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REGISTERED NUMBER: 07153631 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PRO-LITE TECHNOLOGY LTD

PRO-LITE TECHNOLOGY LTD (REGISTERED NUMBER: 07153631)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRO-LITE TECHNOLOGY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr I Stansfield
Mr R J Yeo





REGISTERED OFFICE: Cranfield Innovation Centre
University Way
Cranfield
MK43 0BT





REGISTERED NUMBER: 07153631 (England and Wales)





ACCOUNTANTS: Accurate Business Consulting Limited
International House
36-38 Cornhill
London
EC3V 3NG

PRO-LITE TECHNOLOGY LTD (REGISTERED NUMBER: 07153631)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,759 28,603
Investments 5 66,259 66,259
105,018 94,862

CURRENT ASSETS
Stocks 19,120 30,820
Debtors 6 695,050 531,554
Cash at bank 1,246,637 1,331,741
1,960,807 1,894,115
CREDITORS
Amounts falling due within one year 7 1,220,723 1,176,842
NET CURRENT ASSETS 740,084 717,273
TOTAL ASSETS LESS CURRENT
LIABILITIES

845,102

812,135

PROVISIONS FOR LIABILITIES 4,035 2,033
NET ASSETS 841,067 810,102

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 841,065 810,100
SHAREHOLDERS' FUNDS 841,067 810,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 28 November 2024 and were signed on its behalf by:





Mr I Stansfield - Director


PRO-LITE TECHNOLOGY LTD (REGISTERED NUMBER: 07153631)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Pro-Lite Technology Ltd 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Demonstration equipment - 10% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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
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 10 (2023 - 10 ) .

PRO-LITE TECHNOLOGY LTD (REGISTERED NUMBER: 07153631)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 209,965
Additions 20,689
At 31 March 2024 230,654
DEPRECIATION
At 1 April 2023 181,362
Charge for year 10,533
At 31 March 2024 191,895
NET BOOK VALUE
At 31 March 2024 38,759
At 31 March 2023 28,603

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 66,259
NET BOOK VALUE
At 31 March 2024 66,259
At 31 March 2023 66,259

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 207,339 288,123
Amounts owed by group undertakings 157,181 157,181
Amounts owed by associates 189,502 35,632
Other debtors 30,000 30,000
Prepayments and accrued income 111,028 20,618
695,050 531,554

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 560,743 485,324
Amounts owed to group undertakings 442,716 370,302
Tax 156 -
Social security and other taxes 12,972 12,349
VAT 140,059 151,212
Other creditors 30,911 53,360
Accruals and deferred income 33,166 104,295
1,220,723 1,176,842