Pro-Shore Limited 31/12/2024 iXBRL

Company registration number: 06457536

Pro-Shore Limited

Unaudited filleted financial statements

31 December 2024

THE BARKER PARTNERSHIP

Chartered Accountants

Thirsk

Pro-Shore Limited

Contents

Directors and other information

Accountants report

Balance sheet

Notes to the financial statements

Pro-Shore Limited

Directors and other information


Directors	Mr C Kirk
	Mr C Parkin
	Mrs S Sayers	(Appointed 1 February 2025)


Company number	06457536


Registered office	Brinkburn House
	Brookside
	Hovingham
	York
	YO62 4LG


Accountants	The Barker Partnership
	17 Central Buildings
	Market Place
	Thirsk
	North Yorkshire
	YO7 1HD

Pro-Shore Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Pro-Shore Limited

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pro-Shore Limited for the year ended 31 December 2024 which comprise the Balance sheet and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Pro-Shore Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Pro-Shore Limited and state those matters that we have agreed to state to the board of directors of Pro-Shore Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pro-Shore Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Pro-Shore Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pro-Shore Limited. You consider that Pro-Shore Limited 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 financial statements of Pro-Shore Limited. 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 financial statements.

The Barker Partnership

Chartered Accountants

17 Central Buildings

Market Place

Thirsk

North Yorkshire

YO7 1HD

18 June 2025

Pro-Shore Limited

Balance sheet

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	3,176,039		3,299,957
		_______		_______
			3,176,039		3,299,957

Current assets
Stocks		3,183		1,866
Debtors	6	589,258		504,785
Cash at bank and in hand		167		100
		_______		_______
		592,608		506,751
Creditors: amounts falling due
within one year	7	( 1,043,986)		( 996,421)
		_______		_______
Net current liabilities			( 451,378)		( 489,670)
			_______		_______
Total assets less current liabilities			2,724,661		2,810,287

Creditors: amounts falling due
after more than one year	8		( 1,360,389)		( 1,468,615)

Provisions for liabilities			( 258,958)		( 249,529)

			_______		_______
Net assets			1,105,314		1,092,143
			_______		_______

Capital and reserves
Called up share capital			125		125
Share premium account			2,249		2,249
Profit and loss account			1,102,940		1,089,769
			_______		_______
Shareholders funds			1,105,314		1,092,143
			_______		_______

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 18 June 2025 , and are signed on behalf of the board by:

Mr C Kirk

Director

Company registration number: 06457536

Pro-Shore Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Brinkburn House, Brookside, Hovingham, York, YO62 4LG. The principal activity of the company is that of non mechanical plant hire.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods hired out, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Long leasehold property	-	straight line over 15 years
Plant and machinery	-	straight line over 3,4,5 and 10 years depending on classification
Motor vehicles	-	15% or 25% reducing balance depending on classification

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 22 (2023: 24 ).

5. Tangible assets

	Long leasehold property	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 January 2024	57,489	4,473,194	437,660	4,968,343
Additions	79,910	388,502	107,283	575,695
Disposals	( 4,870)	( 248,141)	( 13,000)	( 266,011)
	_______	_______	_______	_______
At 31 December 2024	132,529	4,613,555	531,943	5,278,027
	_______	_______	_______	_______
Depreciation
At 1 January 2024	24,082	1,538,570	105,734	1,668,386
Charge for the year	15,712	481,689	71,130	568,531
Disposals	( 2,487)	( 123,803)	( 8,639)	( 134,929)
	_______	_______	_______	_______
At 31 December 2024	37,307	1,896,456	168,225	2,101,988
	_______	_______	_______	_______
Carrying amount
At 31 December 2024	95,222	2,717,099	363,718	3,176,039
	_______	_______	_______	_______
At 31 December 2023	33,407	2,934,624	331,926	3,299,957
	_______	_______	_______	_______

6. Debtors

	2024	2023
	£	£
Trade debtors	512,123	412,886
Other debtors	77,135	91,899
	_______	_______
	589,258	504,785
	_______	_______

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	78,413	241,681
Trade creditors	292,730	193,921
Social security and other taxes	118,475	88,705
Other creditors	554,368	472,114
	_______	_______
	1,043,986	996,421
	_______	_______

£440,295 of the above amount is secured by fixed and floating charges over the company's assets (2023 - £451,988).

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	66,113	114,429
Amounts owed to group undertakings	137,820	129,058
Other creditors	1,156,456	1,225,128
	_______	_______
	1,360,389	1,468,615
	_______	_______

£856,804 of the above amount is secured by fixed and floating charges over the company's assets (2023 - £1,075,128).

9. Related party transactions

The company is a subsidiary of Seagrove (DC) Ltd. At the year end date an amount of £137,820 was owed to that company (2023: £129,058). Ryde Services Limited is a company connected to C Kirk. During the year the company was charged £35,067 (2023: £33,386) by Ryde Services Ltd in respect of management fees.At the year end an amount of £300,000 (2023: £150,000) was owed by the company in respect of ultimate shareholder loans.