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REGISTERED NUMBER: SC542383 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

Procom Global Ltd

Procom Global Ltd (Registered number: SC542383)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Procom Global Ltd

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: S Wilson





SECRETARY:





REGISTERED OFFICE: Unit 1J Willow House
Kestrel View
Strathclyde Business Park
Bellshill
ML4 3PB





REGISTERED NUMBER: SC542383 (Scotland)





ACCOUNTANTS: Burgoyne Carey
Chartered Accountants
Pavilion 2
3 Dava Street
Broomloan Road
Glasgow
G51 2JA

Procom Global Ltd (Registered number: SC542383)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 139,837 159,338

CURRENT ASSETS
Stocks 78,730 61,560
Debtors 5 25,191 82,266
Cash at bank and in hand 37,381 56,531
141,302 200,357
CREDITORS
Amounts falling due within one year 6 199,731 232,675
NET CURRENT LIABILITIES (58,429 ) (32,318 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,408

127,020

CREDITORS
Amounts falling due after more than one
year

7

(49,535

)

(43,300

)

PROVISIONS FOR LIABILITIES (22,556 ) (25,898 )
NET ASSETS 9,317 57,822

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9,316 57,821
SHAREHOLDERS' FUNDS 9,317 57,822

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Procom Global Ltd (Registered number: SC542383)

BALANCE SHEET - continued
31 AUGUST 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 director and authorised for issue on 19 June 2025 and were signed by:





S Wilson - Director


Procom Global Ltd (Registered number: SC542383)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Procom Global Ltd 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 represents amounts invoiced during the year net, exclusive of Value Added Tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Procom Global Ltd (Registered number: SC542383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 57,488 159,760 29,726 246,974
Additions - 135,658 1,738 137,396
Disposals - (120,530 ) - (120,530 )
At 31 August 2024 57,488 174,888 31,464 263,840
DEPRECIATION
At 1 September 2023 27,551 46,408 13,677 87,636
Charge for year 7,486 32,938 4,316 44,740
Eliminated on disposal - (8,373 ) - (8,373 )
At 31 August 2024 35,037 70,973 17,993 124,003
NET BOOK VALUE
At 31 August 2024 22,451 103,915 13,471 139,837
At 31 August 2023 29,937 113,352 16,049 159,338

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,288 82,266
Other debtors 13,903 -
25,191 82,266

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 22,455 20,254
Trade creditors 47,600 56,266
Tax 26,485 50,073
Social security and other taxes 43,279 64,763
Pension 1,464 1,694
VAT 42,043 26,238
Directors' loan accounts 4,105 1,162
Accrued expenses 2,300 2,225
199,731 232,675

Procom Global Ltd (Registered number: SC542383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,500 17,500
Hire purchase contracts 42,035 25,800
49,535 43,300

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
S Wilson
Balance outstanding at start of year (1,163 ) (162 )
Amounts advanced 3,058 711
Amounts repaid (6,000 ) (1,712 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,105 ) (1,163 )