2 01/08/2023 31/07/2024 2024-07-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-08-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04837576 2023-08-01 2024-07-31 04837576 2024-07-31 04837576 2023-07-31 04837576 2022-08-01 2023-07-31 04837576 2023-07-31 04837576 2022-07-31 04837576 bus:RegisteredOffice 2023-08-01 2024-07-31 04837576 bus:Director1 2023-08-01 2024-07-31 04837576 bus:Director2 2023-08-01 2024-07-31 04837576 bus:CompanySecretary1 2023-08-01 2024-07-31 04837576 core:PlantMachinery 2023-07-31 04837576 core:MotorVehicles 2023-07-31 04837576 core:PlantMachinery 2024-07-31 04837576 core:MotorVehicles 2024-07-31 04837576 core:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 04837576 core:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 04837576 core:WithinOneYear 2024-07-31 04837576 core:WithinOneYear 2023-07-31 04837576 core:UKTax 2023-08-01 2024-07-31 04837576 core:ShareCapital 2024-07-31 04837576 core:ShareCapital 2023-07-31 04837576 core:RetainedEarningsAccumulatedLosses 2024-07-31 04837576 core:RetainedEarningsAccumulatedLosses 2023-07-31 04837576 core:ShareCapital 2022-07-31 04837576 core:RetainedEarningsAccumulatedLosses 2022-07-31 04837576 core:PreviouslyStatedAmount core:ShareCapital 2024-07-31 04837576 core:PlantMachinery 2023-08-01 2024-07-31 04837576 core:MotorVehicles 2023-08-01 2024-07-31 04837576 core:PlantMachinery 2023-07-31 04837576 core:MotorVehicles 2023-07-31 04837576 bus:Director1 2023-07-31 04837576 bus:SmallEntities 2023-08-01 2024-07-31 04837576 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04837576 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04837576 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04837576 bus:FullAccounts 2023-08-01 2024-07-31
Company registration number: 04837576
Procreation UK Limited
Unaudited filleted financial statements
31 July 2024
Procreation UK Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Procreation UK Limited
Directors and other information
Directors Mr Matthew Francis
Mrs Joanne Francis
Secretary Mr Matthew Francis
Company number 04837576
Registered office 59 Hampton Road
Teddington
Middlesex
TW11 0LA
Business address 59 Hampton Road
Teddington
Middlesex
TW11 0LA
Procreation UK Limited
Statement of financial position
31 July 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 6 38,440 62,090
_______ _______
38,440 62,090
Current assets
Debtors 7 20,691 111,602
Cash at bank and in hand 40,685 4,384
_______ _______
61,376 115,986
Creditors: amounts falling due
within one year 8 ( 91,040) ( 83,393)
_______ _______
Net current (liabilities)/assets ( 29,664) 32,593
_______ _______
Total assets less current liabilities 8,776 94,683
Provisions for liabilities ( 2,134) ( 4,331)
_______ _______
Net assets 6,642 90,352
_______ _______
Capital and reserves
Called up share capital 300 300
Profit and loss account 6,342 90,052
_______ _______
Shareholders funds 6,642 90,352
_______ _______
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 25 February 2025 , and are signed on behalf of the board by:
Mr Matthew Francis Mrs Joanne Francis
Director Director
Company registration number: 04837576
Procreation UK Limited
Statement of changes in equity
Year ended 31 July 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 August 2022 300 301,335 301,635
Profit/(loss) for the year ( 37,047) ( 37,047)
_______ _______ _______
Total comprehensive income for the year - ( 37,047) ( 37,047)
Dividends paid and payable ( 174,236) ( 174,236)
_______ _______ _______
Total investments by and distributions to owners - ( 174,236) ( 174,236)
_______ _______ _______
At 31 July 2023 and 1 August 2023 300 90,052 90,352
Profit/(loss) for the year 12,146 12,146
_______ _______ _______
Total comprehensive income for the year - 12,146 12,146
Dividends paid and payable ( 95,856) ( 95,856)
_______ _______ _______
Total investments by and distributions to owners - ( 95,856) ( 95,856)
_______ _______ _______
At 31 July 2024 300 6,342 6,642
_______ _______ _______
Procreation UK Limited
Notes to the financial statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Procreation UK Limited, 59 Hampton Road, Teddington, Middlesex, TW11 0LA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Financial instruments
Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.
Defined contribution plans
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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 3 ).
5. Tax on profit/loss
Major components of tax income
2024 2023
£ £
Current tax:
UK current tax expense 7,938 -
Adjustments in respect of previous periods ( 6,760) -
_______ _______
Total current tax 1,178 -
Deferred tax:
Origination and reversal of timing differences ( 2,197) ( 2,197)
_______ _______
Tax on profit/loss ( 1,019) ( 2,197)
_______ _______
Reconciliation of tax income
The tax assessed on the profit/loss for the year is lower than (2023: higher than) the standard rate of corporation tax in the UK of 25.00 % (2023: 19.00%).
2024 2023
£ £
Profit/(loss) before taxation 11,127 ( 39,244)
_______ _______
Profit/(loss) multiplied by rate of tax 2,782 ( 7,456)
Adjustments in respect of prior periods ( 6,760) -
Effect of expenses not deductible for tax purposes 565 -
Effect of capital allowances and depreciation 5,910 -
Marginal Relief ( 1,319) -
_______ _______
Tax on profit/loss 1,178 (7,456)
_______ _______
6. Tangible assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 August 2023 225,714 87,158 312,872
Additions 4,066 - 4,066
_______ _______ _______
At 31 July 2024 229,780 87,158 316,938
_______ _______ _______
Depreciation
At 1 August 2023 212,680 38,102 250,782
Charge for the year 9,200 18,516 27,716
_______ _______ _______
At 31 July 2024 221,880 56,618 278,498
_______ _______ _______
Carrying amount
At 31 July 2024 7,900 30,540 38,440
_______ _______ _______
At 31 July 2023 13,034 49,056 62,090
_______ _______ _______
7. Debtors
2024 2023
£ £
Trade debtors 20,691 105,332
Other debtors - 6,270
_______ _______
20,691 111,602
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 19,534 21,856
Corporation tax 7,938 -
Social security and other taxes 9,829 29,655
Other creditors 53,739 31,882
_______ _______
91,040 83,393
_______ _______
9. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Matthew Francis ( 1) 1 -
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Matthew Francis - - -
_______ _______ _______