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REGISTERED NUMBER: 10007258 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2025

for

PROC2W LIMITED

PROC2W LIMITED (Registered number: 10007258)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROC2W LIMITED

Company Information
for the Year Ended 28 February 2025







DIRECTORS: R Howes
K A Stather
J K Flint





SECRETARY: R Howes





REGISTERED OFFICE: Unit F Membury Business Park
Ermin Street
Lambourn Woodlands
Hungerford
Berkshire
RG17 7TU





REGISTERED NUMBER: 10007258 (England and Wales)





ACCOUNTANTS: Aivilo Digital Accountancy Ltd
49 Hurford Drive
Thatcham
Berkshire
RG19 4WA

PROC2W LIMITED (Registered number: 10007258)

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 45,329 92,304

CURRENT ASSETS
Stocks 2,600 2,485
Debtors 6 552,697 451,308
Cash at bank 783,945 791,789
1,339,242 1,245,582
CREDITORS
Amounts falling due within one year 7 862,883 798,746
NET CURRENT ASSETS 476,359 446,836
TOTAL ASSETS LESS CURRENT
LIABILITIES

521,688

539,140

PROVISIONS FOR LIABILITIES 5,086 12,105
NET ASSETS 516,602 527,035

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 516,601 527,034
516,602 527,035

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

PROC2W LIMITED (Registered number: 10007258)

Balance Sheet - continued
28 February 2025


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 23 May 2025 and were signed on its behalf by:





R Howes - Director


PROC2W LIMITED (Registered number: 10007258)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

PROC2W 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. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

The financial statements have been prepared under the historical cost convention.

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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.
Bike Pool - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


PROC2W LIMITED (Registered number: 10007258)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 11 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
Bike Pool fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2024 28,873 7,832 124,623 9,797 171,125
Additions - 1,517 - 1,692 3,209
Disposals (28,873 ) - - - (28,873 )
At 28 February 2025 - 9,349 124,623 11,489 145,461
DEPRECIATION
At 1 March 2024 10,794 5,680 55,552 6,795 78,821
Charge for year 5,714 2,001 27,621 2,483 37,819
Eliminated on disposal (16,508 ) - - - (16,508 )
At 28 February 2025 - 7,681 83,173 9,278 100,132
NET BOOK VALUE
At 28 February 2025 - 1,668 41,450 2,211 45,329
At 29 February 2024 18,079 2,152 69,071 3,002 92,304

6. DEBTORS
28.2.25 29.2.24
£    £   
Amounts falling due within one year:
Other debtors 114,335 59,057
Directors' current accounts 334,061 291,958
Prepayments 9,255 5,247
457,651 356,262

PROC2W LIMITED (Registered number: 10007258)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

6. DEBTORS - continued
28.2.25 29.2.24
£    £   
Amounts falling due after more than one year:
Other debtors 95,046 95,046

Aggregate amounts 552,697 451,308

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade creditors 767,345 677,491
Tax 2,880 4,488
Pension creditor 8,780 3,816
VAT 70,878 58,009
Other creditors - 8,127
Accrued expenses 13,000 46,815
862,883 798,746

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

28.2.25 29.2.24
£    £   
R Howes
Balance outstanding at start of year 291,958 278,660
Amounts advanced 115,573 88,298
Amounts repaid (73,470 ) (75,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 334,061 291,958

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £500 were paid to the directors .

The company sells all of its bicycles to Green Commute Initiative Ltd, a company in which R N Howes is a director and shareholder; these sales total £18,190,527 (2024: £18,717,329).