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Company Registration No. 05514568 (England and Wales)
Procters Limited Unaudited accounts for the year ended 30 September 2024
Procters Limited Unaudited accounts Contents
Page
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Procters Limited Company Information for the year ended 30 September 2024
Director
Ian Procter
Company Number
05514568 (England and Wales)
Registered Office
30 BOLTON ROAD ASPULL WIGAN LANCASHIRE WN2 1YY ENGLAND
Accountants
P A Hull & Co 30 Bolton Road Aspull Wigan Lancashire WN2 1YY
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Procters Limited for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Procters Limited for the year ended 30 September 2024 as set out on pages 5 - 7 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 at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Procters Limited, as a body, in accordance with the terms of our engagement letter dated 18 March 2025. Our work has been undertaken solely to prepare for your approval the accounts of Procters Limited and state those matters that we have agreed to state to the Board of Directors of Procters Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Procters Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Procters Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Procters Limited. You consider that Procters 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 accounts of Procters 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 accounts.
P A Hull & Co Chartered Accountants 30 Bolton Road Aspull Wigan Lancashire WN2 1YY 18 March 2025
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Procters Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
155,000 
134,584 
Investments
197,106 
174,602 
352,106 
309,186 
Current assets
Cash at bank and in hand
4,124 
5,084 
Creditors: amounts falling due within one year
(200,088)
(194,238)
Net current liabilities
(195,964)
(189,154)
Net assets
156,142 
120,032 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
55,683 
12,763 
Profit and loss account
100,359 
107,169 
Shareholders' funds
156,142 
120,032 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 March 2025 and were signed on its behalf by
Ian Procter Director Company Registration No. 05514568
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Procters Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Procters Limited is a private company, limited by shares, registered in England and Wales, registration number 05514568. The registered office is 30 BOLTON ROAD, ASPULL, WIGAN, LANCASHIRE, WN2 1YY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in shares are included at fair value.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 October 2023
134,584 
Additions
20,416 
At 30 September 2024
155,000 
5
Investments
Other investments 
£ 
Valuation at 1 October 2023
174,602 
Additions
22,504 
Valuation at 30 September 2024
197,106 
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Procters Limited Notes to the Accounts for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
1,095 
Loans from directors
198,146 
190,543 
Accruals
1,942 
2,600 
200,088 
194,238 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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