IRIS Accounts Production v25.2.0.378 08494293 Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084942932023-12-31084942932024-12-31084942932024-01-012024-12-31084942932022-12-31084942932023-01-012023-12-31084942932023-12-3108494293ns15:EnglandWales2024-01-012024-12-3108494293ns14:PoundSterling2024-01-012024-12-3108494293ns10:Director12024-01-012024-12-3108494293ns10:Director22024-01-012024-12-3108494293ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3108494293ns10:SmallEntities2024-01-012024-12-3108494293ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3108494293ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3108494293ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3108494293ns10:FullAccounts2024-01-012024-12-3108494293ns10:OrdinaryShareClass12024-01-012024-12-3108494293ns10:RegisteredOffice2024-01-012024-12-3108494293ns5:CurrentFinancialInstruments2024-12-3108494293ns5:CurrentFinancialInstruments2023-12-3108494293ns5:Non-currentFinancialInstruments2024-12-3108494293ns5:Non-currentFinancialInstruments2023-12-3108494293ns5:ShareCapital2024-12-3108494293ns5:ShareCapital2023-12-3108494293ns5:RetainedEarningsAccumulatedLosses2024-12-3108494293ns5:RetainedEarningsAccumulatedLosses2023-12-3108494293ns5:PlantMachinery2024-01-012024-12-3108494293ns5:FurnitureFittings2024-01-012024-12-3108494293ns5:MotorVehicles2024-01-012024-12-3108494293ns5:PlantMachinery2023-12-3108494293ns5:FurnitureFittings2023-12-3108494293ns5:MotorVehicles2023-12-3108494293ns5:PlantMachinery2024-12-3108494293ns5:FurnitureFittings2024-12-3108494293ns5:MotorVehicles2024-12-3108494293ns5:PlantMachinery2023-12-3108494293ns5:FurnitureFittings2023-12-3108494293ns5:MotorVehicles2023-12-3108494293ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3108494293ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-12-3108494293ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3108494293ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3108494293ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3108494293ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-12-3108494293ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-12-3108494293ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-12-3108494293ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3108494293ns5:DeferredTaxation2023-12-3108494293ns5:DeferredTaxation2024-01-012024-12-3108494293ns5:DeferredTaxation2024-12-3108494293ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 08494293 (England and Wales)















Proctor Removals & Storage Limited

Unaudited Financial Statements

for the Year Ended 31st December 2024






Proctor Removals & Storage Limited (Registered number: 08494293)






Contents of the Financial Statements
for the year ended 31st December 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Proctor Removals & Storage Limited

Company Information
for the year ended 31st December 2024







DIRECTORS: P M Henry
Mrs S M Henry





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
Northamptonshire
NN1 4EP





BUSINESS ADDRESS: Unit G
Dales Manor Business Park
Sawston
Cambridge
CB22 3TJ





REGISTERED NUMBER: 08494293 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Proctor Removals & Storage Limited (Registered number: 08494293)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 71,802 65,875

CURRENT ASSETS
Debtors 6 122,636 88,798
Cash at bank and in hand 558 19,399
123,194 108,197
CREDITORS
Amounts falling due within one year 7 121,771 95,115
NET CURRENT ASSETS 1,423 13,082
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,225

78,957

CREDITORS
Amounts falling due after more than one
year

8

(22,249

)

(27,300

)

PROVISIONS FOR LIABILITIES 11 (6,900 ) (6,800 )
NET ASSETS 44,076 44,857

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 43,976 44,757
SHAREHOLDERS' FUNDS 44,076 44,857

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

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

Proctor Removals & Storage Limited (Registered number: 08494293)

Balance Sheet - continued
31st 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 21st July 2025 and were signed on its behalf by:




Mrs S M Henry - Director



P M Henry - Director


Proctor Removals & Storage Limited (Registered number: 08494293)

Notes to the Financial Statements
for the year ended 31st December 2024

1. STATUTORY INFORMATION

Proctor Removals & Storage 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company during the year under review was that of commercial and residential removals as well as long and short term storage.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost

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.

Proctor Removals & Storage Limited (Registered number: 08494293)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 18 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st January 2024 117,360 17,255 181,125 315,740
Additions - - 19,750 19,750
At 31st December 2024 117,360 17,255 200,875 335,490
DEPRECIATION
At 1st January 2024 55,660 16,330 177,875 249,865
Charge for year 5,200 435 8,188 13,823
At 31st December 2024 60,860 16,765 186,063 263,688
NET BOOK VALUE
At 31st December 2024 56,500 490 14,812 71,802
At 31st December 2023 61,700 925 3,250 65,875

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st January 2024 79,000
Transfer to ownership (79,000 )
At 31st December 2024 -
DEPRECIATION
At 1st January 2024 79,000
Transfer to ownership (79,000 )
At 31st December 2024 -
NET BOOK VALUE
At 31st December 2024 -
At 31st December 2023 -

Proctor Removals & Storage Limited (Registered number: 08494293)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,140 -
Other debtors 110,496 88,798
122,636 88,798

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 20,554 5,109
Hire purchase contracts - 6,205
Trade creditors 46,526 37,101
Taxation and social security 32,793 31,025
Other creditors 21,898 15,675
121,771 95,115

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 22,249 27,300

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 5,062

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 15,445 -
Bank loans 5,109 5,109
20,554 5,109

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,238 5,238

Amounts falling due between two and five years:
Bank loans - 2-5 years 17,011 17,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 5,062

Proctor Removals & Storage Limited (Registered number: 08494293)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 6,205

The hire purchase creditor is secured against the assets to which it relates.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,900 6,800

Deferred
tax
£   
Balance at 1st January 2024 6,800
Provided during year 100
Balance at 31st December 2024 6,900

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

13. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st December 2024 or 31st December 2023.

14. CAPITAL COMMITMENTS

There were no capital commitments as at 31st December 2024 or 31st December 2023.