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REGISTERED NUMBER: 04725414 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

PROBALANCE (UK) LIMITED

PROBALANCE (UK) LIMITED (REGISTERED NUMBER: 04725414)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PROBALANCE (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: N Chatterley
S A Ripley
Mrs K A Chatterley
Ms L Toone





SECRETARY: S A Ripley





REGISTERED OFFICE: Unit 11 The Quad
63 Gibfield Park
Atherton
M46 0SY





REGISTERED NUMBER: 04725414 (England and Wales)





ACCOUNTANTS: Ryans
Chartered Accountants
67 Chorley Old Road
Bolton
BL1 3AJ

PROBALANCE (UK) LIMITED (REGISTERED NUMBER: 04725414)

ABRIDGED BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 140,105 165,351

CURRENT ASSETS
Stocks 2,400 2,400
Debtors 820,641 812,997
Cash at bank 100,257 82,374
923,298 897,771
CREDITORS
Amounts falling due within one year 308,666 274,867
NET CURRENT ASSETS 614,632 622,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

754,737

788,255

CREDITORS
Amounts falling due after more than one year (43,018 ) (80,059 )

PROVISIONS FOR LIABILITIES (34,995 ) (41,301 )
NET ASSETS 676,724 666,895

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 676,624 666,795
SHAREHOLDERS' FUNDS 676,724 666,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

PROBALANCE (UK) LIMITED (REGISTERED NUMBER: 04725414)

ABRIDGED BALANCE SHEET - continued
30TH APRIL 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 17th January 2025 and were signed on its behalf by:




N Chatterley - Director



S A Ripley - Director


PROBALANCE (UK) LIMITED (REGISTERED NUMBER: 04725414)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Probalance (UK) 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
Revenue, described as turnover, represents the value of goods and services (net of VAT) provided to customers during the year.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on 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 Statement of Income and Retained Earnings, 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.

PROBALANCE (UK) LIMITED (REGISTERED NUMBER: 04725414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

2. ACCOUNTING POLICIES - continued

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 24 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st May 2023 296,723
Additions 51,731
Disposals (83,694 )
At 30th April 2024 264,760
DEPRECIATION
At 1st May 2023 131,372
Charge for year 30,818
Eliminated on disposal (37,535 )
At 30th April 2024 124,655
NET BOOK VALUE
At 30th April 2024 140,105
At 30th April 2023 165,351

PROBALANCE (UK) LIMITED (REGISTERED NUMBER: 04725414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1st May 2023 207,745
Additions 44,939
Disposals (64,162 )
At 30th April 2024 188,522
DEPRECIATION
At 1st May 2023 65,482
Charge for year 24,467
Eliminated on disposal (24,471 )
At 30th April 2024 65,478
NET BOOK VALUE
At 30th April 2024 123,044
At 30th April 2023 142,263

5. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 83,500 117,440

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

PROBALANCE (UK) LIMITED (REGISTERED NUMBER: 04725414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th April 2024 and 30th April 2023:

2024 2023
£    £   
S A Ripley and Ms L Toone
Balance outstanding at start of year - 20,323
Amounts repaid - (20,323 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

8. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors who, between them, own all of the issued share capital.