REGISTERED NUMBER: 02470110 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

PROSCENEIUM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R D Kershaw

D G Kershaw

REGISTERED OFFICE:

Sladen Wood Mill

Todmorden Road Littleborough

Rochdale

Lancashire

OL15 9EW

REGISTERED NUMBER:

02470110 (England and Wales)

ACCOUNTANTS:

BP & Co Chartered Accountants

Enterprise House

2 Pass Street

Oldham

Lancashire

OL9 6HZ

FIXED ASSETS

Tangible assets

4

89,719

94,916

CURRENT ASSETS

Debtors

5

53,775

52,544

Cash at bank and in hand

110,695

107,893

164,470

160,437

CREDITORS

Amounts falling due within one year

6

(194,460

)

(212,284

)

NET CURRENT LIABILITIES

(29,990

)

(51,847

)

TOTAL ASSETS LESS CURRENT LIABILITIES

59,729

43,069

CREDITORS

Amounts falling due after more than one year

7

(40,388

)

(52,335

)

PROVISIONS FOR LIABILITIES

(1,455

)

(1,455

)

NET ASSETS/(LIABILITIES)

17,886

(10,721

)

CAPITAL AND RESERVES

Called up share capital

9

15,002

15,002

Retained earnings

2,884

(25,723

)

SHAREHOLDERS' FUNDS

17,886

(10,721

)

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.

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 19 June 2025 and were signed on its behalf by:

R D Kershaw - Director

1.	STATUTORY INFORMATION

Prosceneium 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.

Significant judgements and estimates

Previously, Prosceneium Limited depreciated plant and machinery using the reducing balance method at 6% per annum. At the most recent review of assets, the directors decided that this rate of depreciation no longer reflected the diminishing value of the assets and that a higher depreciation rate of 75% would be more suitable. The company has therefore changed the depreciation for plant and machinery from 1 March 2020 to 75% per annum using the reducing balance method.

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

-

75% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Long

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 March 2024

and 28 February 2025

111,362

1,275

1,046,152

DEPRECIATION

At 1 March 2024

26,726

1,274

1,044,622

Charge for year

2,227

-

1,147

At 28 February 2025

28,953

1,274

1,045,769

NET BOOK VALUE

At 28 February 2025

82,409

1

383

At 29 February 2024

84,636

1

1,530

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2024

and 28 February 2025

12,510

97,177

7,350

1,275,826

DEPRECIATION

At 1 March 2024

10,050

90,944

7,294

1,180,910

Charge for year

246

1,558

19

5,197

At 28 February 2025

10,296

92,502

7,313

1,186,107

NET BOOK VALUE

At 28 February 2025

2,214

4,675

37

89,719

At 29 February 2024

2,460

6,233

56

94,916

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

42,501

40,409

Other debtors

11,274

12,135

53,775

52,544

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

14,442

14,335

Trade creditors

7,019

8,124

Taxation and social security

25,611

32,138

Other creditors

147,388

157,687

194,460

212,284

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

40,388

52,335

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,615

8,108

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

54,830

66,670

Included in bank loans is an amount of £22,444, which is secured by directors' personal guarantees, a debenture on the assets of the company and a first legal charge on the company's leasehold property.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

15,000

Ordinary

£1

15,000

15,000

100

A Ordinary

£0.01

1

1

100

B Ordinary

£0.01

1

1

15,002

15,002

10.	RELATED PARTY DISCLOSURES

The company owes Thomas Kershaw Builders Ltd. which is a company under common control the amount of £125,820 at the year end (£135,350- 2024).