IRIS Accounts Production v24.3.2.46 10990128 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh109901282023-09-30109901282024-09-30109901282023-10-012024-09-30109901282022-09-30109901282022-10-012023-09-30109901282023-09-3010990128ns15:EnglandWales2023-10-012024-09-3010990128ns14:PoundSterling2023-10-012024-09-3010990128ns10:Director12023-10-012024-09-3010990128ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3010990128ns10:SmallEntities2023-10-012024-09-3010990128ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3010990128ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3010990128ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3010990128ns10:FullAccounts2023-10-012024-09-3010990128ns10:OrdinaryShareClass12023-10-012024-09-3010990128ns10:Director22023-10-012024-09-3010990128ns10:RegisteredOffice2023-10-012024-09-3010990128ns5:CurrentFinancialInstruments2024-09-3010990128ns5:CurrentFinancialInstruments2023-09-3010990128ns5:ShareCapital2024-09-3010990128ns5:ShareCapital2023-09-3010990128ns5:RetainedEarningsAccumulatedLosses2024-09-3010990128ns5:RetainedEarningsAccumulatedLosses2023-09-3010990128ns5:LandBuildings2023-09-3010990128ns5:PlantMachinery2023-09-3010990128ns5:LandBuildings2023-10-012024-09-3010990128ns5:PlantMachinery2023-10-012024-09-3010990128ns5:LandBuildings2024-09-3010990128ns5:PlantMachinery2024-09-3010990128ns5:LandBuildings2023-09-3010990128ns5:PlantMachinery2023-09-3010990128ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3010990128ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3010990128ns10:OrdinaryShareClass12024-09-30
REGISTERED NUMBER: 10990128 (England and Wales)















PROMACK LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






PROMACK LTD (REGISTERED NUMBER: 10990128)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


PROMACK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: P D Mack
S P Mack





REGISTERED OFFICE: 3 Princes Court
Royal Way
Loughborough
Leicestershire
LE11 5XR





REGISTERED NUMBER: 10990128 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Princes Court
Royal Way
Loughborough
Leicestershire
LE11 5XR

PROMACK LTD (REGISTERED NUMBER: 10990128)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 87,674 135,867

CURRENT ASSETS
Debtors 5 103,419 200,507
Cash at bank and in hand 103,923 292,409
207,342 492,916
CREDITORS
Amounts falling due within one year 6 125,518 319,604
NET CURRENT ASSETS 81,824 173,312
TOTAL ASSETS LESS CURRENT LIABILITIES 169,498 309,179

PROVISIONS FOR LIABILITIES 19,274 30,870
NET ASSETS 150,224 278,309

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 150,124 278,209
SHAREHOLDERS' FUNDS 150,224 278,309

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

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

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 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 27 March 2025 and were signed on its behalf by:





P D Mack - Director


PROMACK LTD (REGISTERED NUMBER: 10990128)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Promack Limited is a private company, limited by shares, registered in England and Wales. The address of the registered office is given in the company information on page one of these financial statements.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The financial statements cover the individual entity.

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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant & equipment
Property, plant & equipment assets are held at cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Plant & equipmentStraight line over 2 - 4 years
Computer equipment Straight line over 2 years.
Motor vehicles25% Reducing balance
Short leaseholdOver remaining term of the lease

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Those held under hire purchase contracts are depreciated over their estimated useful lives or the lease, whichever is shorter.

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.

PROMACK LTD (REGISTERED NUMBER: 10990128)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 15 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 14,521 279,544 294,065
Additions - 7,408 7,408
Disposals - (24,845 ) (24,845 )
At 30 September 2024 14,521 262,107 276,628
DEPRECIATION
At 1 October 2023 2,752 155,446 158,198
Charge for year 1,815 48,188 50,003
Eliminated on disposal - (19,247 ) (19,247 )
At 30 September 2024 4,567 184,387 188,954
NET BOOK VALUE
At 30 September 2024 9,954 77,720 87,674
At 30 September 2023 11,769 124,098 135,867

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 93,257 186,314
Other debtors 10,162 14,193
103,419 200,507

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 42,249 134,549
Taxation and social security 45,204 139,558
Other creditors 38,065 45,497
125,518 319,604

7. CALLED UP SHARE CAPITAL

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

PROMACK LTD (REGISTERED NUMBER: 10990128)

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

8. OTHER FINANCIAL COMMITMENTS

At 30 September 2024 the company was committed to making payments which are due as follows:

20242023
£   £   
Due in less than one year:24,00026,000
Due between two and five years:142,000179,861
166,000205,861