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REGISTERED NUMBER: SC267551 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

PROCUREALL LIMITED

PROCUREALL LIMITED (REGISTERED NUMBER: SC267551)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROCUREALL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: S W Cruickshank
R Ewen
S A Cruickshank



SECRETARY: Ledingham Chalmers



REGISTERED OFFICE: Johnstone House
52-54 Rose Street
Aberdeen
AB10 1HA



REGISTERED NUMBER: SC267551 (Scotland)



ACCOUNTANTS: Bon Accord Accountancy Limited
71 Charleston Road North
Cove
Aberdeen
Aberdeenshire
AB12 3SZ



SOLICITORS: Ledingham Chalmers
Johnstone House
52-54 Rose Street
Aberdeen
AB10 1HA

PROCUREALL LIMITED (REGISTERED NUMBER: SC267551)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 391,280 377,693

CURRENT ASSETS
Stocks 48,000 30,000
Debtors 5 199,033 215,668
247,033 245,668
CREDITORS
Amounts falling due within one year 6 475,195 419,742
NET CURRENT LIABILITIES (228,162 ) (174,074 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,118

203,619

CREDITORS
Amounts falling due after more than one
year

7

(47,617

)

(70,872

)

PROVISIONS FOR LIABILITIES (4,043 ) (1,790 )
NET ASSETS 111,458 130,957

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 108,362 108,362
Retained earnings 2,996 22,495
SHAREHOLDERS' FUNDS 111,458 130,957

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

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

PROCUREALL LIMITED (REGISTERED NUMBER: SC267551)

BALANCE SHEET - continued
30 JUNE 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 30 May 2025 and were signed on its behalf by:




R Ewen - Director



S W Cruickshank - Director


PROCUREALL LIMITED (REGISTERED NUMBER: SC267551)

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

1. STATUTORY INFORMATION

Procureall Limited is a private company, limited by shares , registered in Scotland. 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.

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.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% 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.

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.

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.

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 4 (2023 - 5 ) .

PROCUREALL LIMITED (REGISTERED NUMBER: SC267551)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 370,000 153,205 523,205
Additions - 21,280 21,280
Disposals - (88,257 ) (88,257 )
At 30 June 2024 370,000 86,228 456,228
DEPRECIATION
At 1 July 2023 - 145,512 145,512
Charge for year - 7,693 7,693
Eliminated on disposal - (88,257 ) (88,257 )
At 30 June 2024 - 64,948 64,948
NET BOOK VALUE
At 30 June 2024 370,000 21,280 391,280
At 30 June 2023 370,000 7,693 377,693

On 1 June 2007, the company's premises at 15/17 Commerce Street, Aberdeen were valued at £370,000 by JE Shepherd, Chartered Surveyors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 196,171 197,497
Other debtors 2,862 18,171
199,033 215,668

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 92,596 103,849
Hire purchase contracts 3,937 -
Trade creditors 237,062 227,376
Taxation and social security 83,869 62,784
Other creditors 57,731 25,733
475,195 419,742

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 11,809 -
Other creditors 35,808 70,872
47,617 70,872

PROCUREALL LIMITED (REGISTERED NUMBER: SC267551)

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

8. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 108,362