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Company Registration No. 11428298 (England and Wales)
Procurement for Schools Ltd Unaudited accounts for the year ended 30 June 2024
Procurement for Schools Ltd Unaudited accounts Contents
Page
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Procurement for Schools Ltd Company Information for the year ended 30 June 2024
Director
Michael Samuel Newell
Company Number
11428298 (England and Wales)
Registered Office
FLAT 63 GRIMTHORPE HOUSE AGDON STREET LONDON EC1V 0BP ENGLAND
Accountants
DC Business Management Services 29 Falcon Crescent Ponders End Enfield Middlesex EN3 4LT
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Procurement for Schools Ltd Accountants' report
Accountants' report to the director of Procurement for Schools Ltd on the preparation of the unaudited statutory accounts for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Procurement for Schools Ltd for the year ended 30 June 2024 as set out on pages 5 - 6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Procurement for Schools Ltd, as a body, in accordance with the terms of our engagement letter dated 1 March 2020. Our work has been undertaken solely to prepare for your approval the accounts of Procurement for Schools Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Procurement for Schools Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Procurement for Schools Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Procurement for Schools Ltd. You consider that Procurement for Schools Ltd 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 Procurement for Schools Ltd. 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.
DC Business Management Services 29 Falcon Crescent Ponders End Enfield Middlesex EN3 4LT 25 April 2025
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Procurement for Schools Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
- 
10,000 
Cash at bank and in hand
31,299 
30,495 
31,299 
40,495 
Creditors: amounts falling due within one year
(11,830)
(8,783)
Net current assets
19,469 
31,712 
Net assets
19,469 
31,712 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
19,468 
31,711 
Shareholders' funds
19,469 
31,712 
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. 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 28 April 2025 and were signed on its behalf by
Michael Samuel Newell Director Company Registration No. 11428298
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Procurement for Schools Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Procurement for Schools Ltd is a private company, limited by shares, registered in England and Wales, registration number 11428298. The registered office is FLAT 63 GRIMTHORPE HOUSE, AGDON STREET, LONDON, EC1V 0BP, 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.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
- 
10,000 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
6,410 
5,783 
Loans from directors
3,520 
- 
Accruals
1,900 
3,000 
11,830 
8,783 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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