REGISTERED NUMBER: |
Financial Statements for the Period 17 March 2023 to 31 March 2024 |
for |
Pro Lining Solutions Ltd |
REGISTERED NUMBER: |
Financial Statements for the Period 17 March 2023 to 31 March 2024 |
for |
Pro Lining Solutions Ltd |
Pro Lining Solutions Ltd (Registered number: 14739240) |
Contents of the Financial Statements |
for the Period 17 March 2023 to 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Pro Lining Solutions Ltd |
Company Information |
for the Period 17 March 2023 to 31 March 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
Statutory Auditors |
Accountants and Business Advisers |
West Hill House |
Allerton Hill |
Chapel Allerton |
Leeds |
West Yorkshire |
LS7 3QB |
Pro Lining Solutions Ltd (Registered number: 14739240) |
Balance Sheet |
31 March 2024 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The financial statements were approved by the Board of Directors and authorised for issue on |
Pro Lining Solutions Ltd (Registered number: 14739240) |
Notes to the Financial Statements |
for the Period 17 March 2023 to 31 March 2024 |
1. | STATUTORY INFORMATION |
Pro Lining Solutions Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of these is recognised by reference to the stage of completion of each individual contract. |
Where the substance of a contract is that the contractual obligations are performed gradually over time, |
revenue is recognised as contract activity progresses to reflect the partial performance of our contractual |
obligations. The amount of revenue included reflects the accrual of the right to consideration as contract |
activity progresses by reference to value of the work performed. |
Tangible fixed assets |
Plant and machinery etc | - |
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 period 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 period 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. |
Pro Lining Solutions Ltd (Registered number: 14739240) |
Notes to the Financial Statements - continued |
for the Period 17 March 2023 to 31 March 2024 |
2. | ACCOUNTING POLICIES - continued |
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 period was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
At 31 March 2024 |
DEPRECIATION |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
8. | RELATED PARTY DISCLOSURES |
Disclosure re parent undertaking: |
Balances with parent undertaking: Creditor - £215,761. |
Pro Lining Solutions Ltd (Registered number: 14739240) |
Notes to the Financial Statements - continued |
for the Period 17 March 2023 to 31 March 2024 |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is IMS Robotics UK Limited. |
The ultimate controlling party is |
The parent company for which group accounts are drawn up is IMS Verwaltungs GmbH of Am Bauhof 6, 01458 Ottendorf-Okrilla, Germany. |