Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30false2023-07-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09646406 2023-07-01 2024-06-30 09646406 2022-07-01 2023-06-30 09646406 2024-06-30 09646406 2023-06-30 09646406 c:Director2 2023-07-01 2024-06-30 09646406 d:MotorVehicles 2023-07-01 2024-06-30 09646406 d:MotorVehicles 2024-06-30 09646406 d:MotorVehicles 2023-06-30 09646406 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09646406 d:OfficeEquipment 2024-06-30 09646406 d:OfficeEquipment 2023-06-30 09646406 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09646406 d:ComputerEquipment 2023-07-01 2024-06-30 09646406 d:ComputerEquipment 2024-06-30 09646406 d:ComputerEquipment 2023-06-30 09646406 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09646406 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09646406 d:CurrentFinancialInstruments 2024-06-30 09646406 d:CurrentFinancialInstruments 2023-06-30 09646406 d:Non-currentFinancialInstruments 2024-06-30 09646406 d:Non-currentFinancialInstruments 2023-06-30 09646406 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09646406 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09646406 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 09646406 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 09646406 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 09646406 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 09646406 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 09646406 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 09646406 d:ShareCapital 2024-06-30 09646406 d:ShareCapital 2023-06-30 09646406 d:RetainedEarningsAccumulatedLosses 2024-06-30 09646406 d:RetainedEarningsAccumulatedLosses 2023-06-30 09646406 c:FRS102 2023-07-01 2024-06-30 09646406 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09646406 c:FullAccounts 2023-07-01 2024-06-30 09646406 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09646406 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 09646406










PROCUR INTERNATIONAL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
PROCUR INTERNATIONAL LIMITED
REGISTERED NUMBER: 09646406

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
29,900
20,716

  
29,900
20,716

Current assets
  

Debtors: amounts falling due within one year
 5 
1,174,318
1,048,975

Cash at bank and in hand
 6 
862
7,334

  
1,175,180
1,056,309

Creditors: amounts falling due within one year
 7 
(1,115,065)
(983,703)

Net current assets
  
 
 
60,115
 
 
72,606

Total assets less current liabilities
  
90,015
93,322

Creditors: amounts falling due after more than one year
 8 
(84,150)
(91,636)

Provisions for liabilities
  

Deferred tax
  
(3,936)
(3,936)

  
 
 
(3,936)
 
 
(3,936)

Net assets/(liabilities)
  
1,929
(2,250)


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
1,919
(2,260)

  
1,929
(2,250)


Page 1

 
PROCUR INTERNATIONAL LIMITED
REGISTERED NUMBER: 09646406
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
S R Moore
Director

Date: 15 July 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
PROCUR INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Procur International is a limited Company incoporated in England and Wales. The address of its registered office is The Pinnacle Building A, 150 - 170  Midsummer Boulevard, Milton Keynes, MK9 1FD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on a going concern basis, based on the continued support of the directors.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
PROCUR INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
PROCUR INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
Over 5 Years
Computer equipment
-
Over 3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Financial instruments

Page 5

 
PROCUR INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
PROCUR INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 -3).


4.


Tangible fixed assets





Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2023
103,580
1,762
5,620
110,962



At 30 June 2024

103,580
1,762
5,620
110,962



Depreciation


At 1 July 2023
82,864
1,762
5,620
90,246


Charge for the year on owned assets
(9,184)
-
-
(9,184)



At 30 June 2024

73,680
1,762
5,620
81,062



Net book value



At 30 June 2024
29,900
-
-
29,900



At 30 June 2023
20,716
-
-
20,716


5.


Debtors

2024
2023
£
£


Trade debtors
137,144
136,810

Other debtors
967,174
912,165

Prepayments and accrued income
70,000
-

1,174,318
1,048,975


Page 7

 
PROCUR INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
862
7,334

862
7,334



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,014
10,014

Trade creditors
891,780
747,821

Corporation tax
6,570
11,008

Other taxation and social security
-
815

Obligations under finance lease and hire purchase contracts
6,934
11,153

Other creditors
199,767
202,892

1,115,065
983,703



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
28,842
35,700

Net obligations under finance leases and hire purchase contracts
55,308
55,936

84,150
91,636


Page 8

 
PROCUR INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,014
10,014

Amounts falling due 1-2 years

Bank loans
19,909
19,908

Amounts falling due 2-5 years

Bank loans
8,933
15,792


38,856
45,714


 
Page 9