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REGISTERED NUMBER: 04859835 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Prochrom Limited

Prochrom Limited (Registered number: 04859835)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Prochrom Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr M J Woodward
Miss O A Woodward
Mr E J Woodward





REGISTERED OFFICE: Landmark House
43-45 Merton Road
Bootle
Merseyside
L20 7AP





REGISTERED NUMBER: 04859835 (England and Wales)





ACCOUNTANTS: Craig Callum Associates Ltd
Landmark House
43-45 Merton Road
Bootle
Liverpool
Merseyside
L20 7AP

Prochrom Limited (Registered number: 04859835)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,228,605 849,292
Investments 5 185,776 351,195
1,414,381 1,200,487

CURRENT ASSETS
Debtors 6 43,644 34,068
Cash at bank 105,880 243,414
149,524 277,482
CREDITORS
Amounts falling due within one year 7 279,512 183,560
NET CURRENT (LIABILITIES)/ASSETS (129,988 ) 93,922
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,284,393

1,294,409

PROVISIONS FOR LIABILITIES - 8,583
NET ASSETS 1,284,393 1,285,826

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 8 - 43,709
Retained earnings 1,284,193 1,241,917
SHAREHOLDERS' FUNDS 1,284,393 1,285,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Prochrom Limited (Registered number: 04859835)

Balance Sheet - continued
31 August 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by:





Mr M J Woodward - Director


Prochrom Limited (Registered number: 04859835)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Prochrom Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 2% on cost

Taxation
Taxation for the year 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 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.

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 year was 2 (2023 - 2 ) .

Prochrom Limited (Registered number: 04859835)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to Plant and and
property property machinery fittings Totals
£    £    £    £    £   
COST
At 1 September 2023 360,061 654,809 7,931 605 1,023,406
Additions 349,107 58,879 - - 407,986
At 31 August 2024 709,168 713,688 7,931 605 1,431,392
DEPRECIATION
At 1 September 2023 70,750 95,495 7,335 534 174,114
Charge for year 14,183 14,274 198 18 28,673
At 31 August 2024 84,933 109,769 7,533 552 202,787
NET BOOK VALUE
At 31 August 2024 624,235 603,919 398 53 1,228,605
At 31 August 2023 289,311 559,314 596 71 849,292

5. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 1 September 2023 169,941 181,254 351,195
Additions - 4,522 4,522
Disposals (126,232 ) - (126,232 )
Revaluations (43,709 ) - (43,709 )
At 31 August 2024 - 185,776 185,776
NET BOOK VALUE
At 31 August 2024 - 185,776 185,776
At 31 August 2023 169,941 181,254 351,195

Cost or valuation at 31 August 2024 is represented by:

Unlisted
investments
£   
Cost 185,776

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 43,644 34,068

Prochrom Limited (Registered number: 04859835)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 30,895 25,132
Taxation and social security 76,673 68,392
Other creditors 171,944 90,036
279,512 183,560

8. RESERVES
Fair
value
reserve
£   
At 1 September 2023 43,709
Fair Value Reserve (43,709 )

At 31 August 2024 -

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
Mr M J Woodward
Balance outstanding at start of year (87,536 ) (53,411 )
Amounts repaid (81,608 ) (34,125 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (169,144 ) (87,536 )

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £49,140 (2023 - £49,140) were paid to the directors .

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M J Woodward and Mrs L B Woodward.