5 01/07/2023 30/06/2024 2024-06-30 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 2023-07-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 10341123 2023-07-01 2024-06-30 10341123 2024-06-30 10341123 2023-06-30 10341123 2022-07-01 2023-06-30 10341123 2023-06-30 10341123 2022-06-30 10341123 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 10341123 bus:Director1 2023-07-01 2024-06-30 10341123 core:FurnitureFittingsToolsEquipment 2024-06-30 10341123 core:WithinOneYear 2024-06-30 10341123 core:WithinOneYear 2023-06-30 10341123 core:ShareCapital 2024-06-30 10341123 core:ShareCapital 2023-06-30 10341123 core:RetainedEarningsAccumulatedLosses 2024-06-30 10341123 core:RetainedEarningsAccumulatedLosses 2023-06-30 10341123 bus:Director1 2023-06-30 10341123 bus:Director1 2024-06-30 10341123 bus:Director1 2022-06-30 10341123 bus:Director1 2023-06-30 10341123 bus:Director1 2022-07-01 2023-06-30 10341123 bus:SmallEntities 2023-07-01 2024-06-30 10341123 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10341123 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10341123 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10341123 bus:FullAccounts 2023-07-01 2024-06-30
Company registration number: 10341123
Prokool Limited
Unaudited filleted financial statements
30 June 2024
Prokool Limited
Contents
Statement of financial position
Notes to the financial statements
Prokool Limited
Statement of financial position
30 June 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 6 706,291 140,224
Investments 7 319,434 -
Cash at bank and in hand 596,686 857,930
_______ _______
1,622,411 998,154
Creditors: amounts falling due
within one year 8 ( 310,527) ( 216,946)
_______ _______
Net current assets 1,311,884 781,208
_______ _______
Total assets less current liabilities 1,311,884 781,208
_______ _______
Net assets 1,311,884 781,208
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,311,882 781,206
_______ _______
Shareholders funds 1,311,884 781,208
_______ _______
For the year ending 30 June 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 income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 21 March 2025 , and are signed on behalf of the board by:
Mr D E Gawthrope Mr S R High
Director Director
Company registration number: 10341123
Prokool Limited
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Unit 6 Fulford Business Centre, 35 Hospital Fields Road, North Yorkshire, England, YO10 4DZ.
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.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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:
Fittings fixtures and equipment - 33.33 % straight line
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.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 July 2023 and 30 June 2024 323 323
_______ _______
Depreciation
At 1 July 2023 and 30 June 2024 323 323
_______ _______
Carrying amount
At 30 June 2024 - -
_______ _______
At 30 June 2023 - -
_______ _______
6. Debtors
2024 2023
£ £
Trade debtors 706,291 140,224
_______ _______
7. Investments
2024 2023
£ £
Other investments 319,434 -
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Corporation tax 220,333 119,506
Social security and other taxes 70,495 78,385
Other creditors 19,699 19,055
_______ _______
310,527 216,946
_______ _______
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 D E Gawthrope ( 60) ( 73) ( 133)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr D E Gawthrope ( 59) ( 1) ( 60)
_______ _______ _______