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REGISTERED NUMBER: 01555134 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

PRODEM FIRE AND SAFETY LIMITED

PRODEM FIRE AND SAFETY LIMITED (REGISTERED NUMBER: 01555134)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

PRODEM FIRE AND SAFETY LIMITED

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: D. Benson
M.I.T. Benson
R E Benson





SECRETARY: Mr. D. Benson





REGISTERED OFFICE: Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT





REGISTERED NUMBER: 01555134 (England and Wales)





ACCOUNTANTS: Hayvenhursts Accountancy
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT

PRODEM FIRE AND SAFETY LIMITED (REGISTERED NUMBER: 01555134)

Balance Sheet
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 100,697 94,925

CURRENT ASSETS
Stocks 6 56,912 33,405
Debtors 7 138,413 221,874
Cash at bank 10,756 -
206,081 255,279
CREDITORS
Amounts falling due within one year 8 (352,576 ) (373,722 )
NET CURRENT LIABILITIES (146,495 ) (118,443 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(45,798

)

(23,518

)

CREDITORS
Amounts falling due after more than
one year

9

(22,909

)

(30,397

)
NET LIABILITIES (68,707 ) (53,915 )

CAPITAL AND RESERVES
Called up share capital 12 5 5
Retained earnings (68,712 ) (53,920 )
SHAREHOLDERS' FUNDS (68,707 ) (53,915 )

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

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

PRODEM FIRE AND SAFETY LIMITED (REGISTERED NUMBER: 01555134)

Balance Sheet - continued
30 APRIL 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 30 January 2025 and were signed on its behalf by:




D. Benson - Director



M.I.T. Benson - Director


PRODEM FIRE AND SAFETY LIMITED (REGISTERED NUMBER: 01555134)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Prodem Fire and Safety 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The financial statements are prepared under the going concern basis. The directors believe this is appropriate as they believe that the company has the necessary resources at its disposal to meet its liabilities as they fall due.

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of 12 months from the date of approval of these financial statements.

Turnover
Turnover represents sales and services supplied in the year, stated net of Value Added Tax.

Tangible fixed assets
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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance

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

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.


PRODEM FIRE AND SAFETY LIMITED (REGISTERED NUMBER: 01555134)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. 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.

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.

Assets purchased under hire purchase agreements
Such assets have been capitalised in the financial statements and depreciated in accordance with the relevant depreciation policies. The interest element is charged to the profit and loss account for the year.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

PRODEM FIRE AND SAFETY LIMITED (REGISTERED NUMBER: 01555134)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 126,744 42,578 59,269 228,591
Additions - - 18,000 18,000
Disposals - - (9,239 ) (9,239 )
At 30 April 2024 126,744 42,578 68,030 237,352
DEPRECIATION
At 1 May 2023 44,839 41,944 46,883 133,666
Charge for year 2,535 159 6,770 9,464
Eliminated on disposal - - (6,475 ) (6,475 )
At 30 April 2024 47,374 42,103 47,178 136,655
NET BOOK VALUE
At 30 April 2024 79,370 475 20,852 100,697
At 30 April 2023 81,905 634 12,386 94,925

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023 28,794
Additions 18,000
At 30 April 2024 46,794
DEPRECIATION
At 1 May 2023 17,996
Charge for year 6,770
At 30 April 2024 24,766
NET BOOK VALUE
At 30 April 2024 22,028
At 30 April 2023 10,798

PRODEM FIRE AND SAFETY LIMITED (REGISTERED NUMBER: 01555134)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. STOCKS
2024 2023
£    £   
Goods for resale 56,912 33,405

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 136,909 213,933
Prepayments 1,504 7,941
138,413 221,874

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loan 10,000 23,331
Hire purchase contracts (see note 10)
8,841

4,800
Trade creditors 57,888 45,874
Social security and other taxes 13,604 13,587
Directors' current accounts 262,243 286,130
352,576 373,722

Bank borrowing is secured by a fixed and floating charge over the assets of the company. The directors' current accounts are interest-free and will be repayable when cash flow permits.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loan -
1 and 5 years 12,500 22,501
Hire purchase contracts (see note 10)
10,409

7,896
22,909 30,397

PRODEM FIRE AND SAFETY LIMITED (REGISTERED NUMBER: 01555134)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 8,841 4,800
Between one and five years 10,409 7,896
19,250 12,696

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft - 4,164
Bank loans 22,500 41,668
Hire purchase contracts 19,250 12,696
41,750 58,528

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5 Ordinary £1 5 5

13. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Prodem Fire and Safety Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Prodem Fire and Safety Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Prodem Fire and Safety Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Prodem Fire and Safety Limited and state those matters that we have agreed to state to the Board of Directors of Prodem Fire and Safety Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prodem Fire and Safety Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Prodem Fire and Safety Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Prodem Fire and Safety Limited. You consider that Prodem Fire and Safety Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Prodem Fire and Safety Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hayvenhursts Accountancy
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT


30 January 2025