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REGISTERED NUMBER: 04981179 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PRODTRAC LIMITED

PRODTRAC LIMITED (REGISTERED NUMBER: 04981179)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRODTRAC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: G E Pates
J Souster





REGISTERED OFFICE: Lingarsar House Holme Close
Eccleston Park
Prescot
Merseyside
L34 2QR





REGISTERED NUMBER: 04981179 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
3rd Floor
St George's House
56 Peter Street
Manchester
M2 3NQ

PRODTRAC LIMITED (REGISTERED NUMBER: 04981179)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 281,598 226,099
Tangible assets 5 9,902 10,528
291,500 236,627

CURRENT ASSETS
Debtors 6 42,027 50,641
Cash at bank 66,358 17,474
108,385 68,115
CREDITORS
Amounts falling due within one year 7 53,293 65,704
NET CURRENT ASSETS 55,092 2,411
TOTAL ASSETS LESS CURRENT LIABILITIES 346,592 239,038

CREDITORS
Amounts falling due after more than one year 8 (102,250 ) (14,272 )

PROVISIONS FOR LIABILITIES (72,875 ) (58,900 )
NET ASSETS 171,467 165,866

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 171,368 165,767
171,467 165,866

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

PRODTRAC LIMITED (REGISTERED NUMBER: 04981179)

BALANCE SHEET - continued
31 DECEMBER 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 1 August 2025 and were signed on its behalf by:





G E Pates - Director


PRODTRAC LIMITED (REGISTERED NUMBER: 04981179)

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


1. STATUTORY INFORMATION

Prodtrac 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.

Changes in accounting policies
During the year, the directors made the decision to adopt a change in the amortisation of software development to reflect a more accurate useful life of the software. Previously, software development was amortised over a useful life of five years. On conversion to a cloud based platform for the year ended 31 December 2024, the software development is now depreciated over ten years, with prior year costs depreciated over the remaining years of this useful life.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Software development is being amortised evenly over its estimated useful life of ten years.

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 - 20% on cost
Office equipment - 25% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

PRODTRAC LIMITED (REGISTERED NUMBER: 04981179)

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


4. INTANGIBLE FIXED ASSETS
Software
development
£   
Cost
At 1 January 2024 366,509
Additions 92,695
At 31 December 2024 459,204
Amortisation
At 1 January 2024 140,410
Amortisation for year 37,196
At 31 December 2024 177,606
Net book value
At 31 December 2024 281,598
At 31 December 2023 226,099

5. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
Cost
At 1 January 2024 15,753 25,745 41,498
Additions - 3,234 3,234
At 31 December 2024 15,753 28,979 44,732
Depreciation
At 1 January 2024 12,112 18,858 30,970
Charge for year 798 3,062 3,860
At 31 December 2024 12,910 21,920 34,830
Net book value
At 31 December 2024 2,843 7,059 9,902
At 31 December 2023 3,641 6,887 10,528

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,278 23,363
Amounts owed by participating interests 12,834 19,080
Other debtors 99 99
Directors' loan accounts 8,746 8,099
Prepayments and accrued income 7,070 -
42,027 50,641

Prior year balances have been reclassified to reallocate amounts owed from participating interests which were previously included within trade debtors. The total debtor balance remains unchanged.

PRODTRAC LIMITED (REGISTERED NUMBER: 04981179)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,336 10,648
Other loans 14,329 -
Trade creditors 12,302 17,306
Corporation tax 3,096 19,681
VAT 10,740 16,168
Accruals and deferred income 2,490 1,901
53,293 65,704

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 4,403 14,272
Other loans - 1-2 years 97,847 -
102,250 14,272

9. RELATED PARTY TRANSACTIONS

During the year, Prodtrac Limited entered into transactions with CI Hub Limited, a related party in which Mr G Pates is a common director and shareholder. During the year Prodtrac Limited charged CI Hub Limited a total of £117,025 (2023 - £124,875) for services. CI Hub Limited charged Prodtrac Limited £1,000 (2023 - £4,000) for services. At balance sheet date there was an amount of £12,834 owed by CI Hub Limited to Prodtrac Limited (2023 - 19,080).

During the year, Prodtrac Limited entered into transactions with SquareGo Limited, a related party in which Mr G Pates is a common director and shareholder. During the year Prodtrac Limited charged SquareGo Limited a total of £29,855 (2023 - £16,000) for website development services. SquareGo Limited charged Prodtrac Limited £19,870 (2023 - £nil) for reporting services. At the balance sheet date, no amounts are owed by SquareGo Limited (2023 - £10,000 ).