ACCOUNTS - Final Accounts

Registered number: SC224205

PROCESSPLUS GROUP LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025


PROCESSPLUS GROUP LIMITED

COMPANY INFORMATION

DIRECTORS	Mrs L Mcleod
	Mr S Sinclair


REGISTERED NUMBER	SC224205


REGISTERED OFFICE	Unit 10 Dickson Street
	Elgin Industrial Estate
	KY12 7SL


ACCOUNTANTS	EQ Accountants Limited
	Chartered Accountants
	Pentland House
	Saltire Centre
	Glenrothes
	Fife
	KY6 2AH


PROCESSPLUS GROUP LIMITED REGISTERED NUMBER:SC224205

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
		£		£

Fixed assets
Investments	4		207,250		207,250
			207,250		207,250
Current assets
Debtors: amounts falling due within one year	5	142,049		106,205
Cash at bank and in hand		478,845		500,650
		620,894		606,855
Creditors: amounts falling due within one year	6	(1,015)		(1,303)
Net current assets			619,879		605,552
Total assets less current liabilities			827,129		812,802

Net assets			827,129		812,802

Capital and reserves
Called up share capital	7	1,540	1,540
Share premium account		30,002	30,002
Capital redemption reserve		8,460	8,460
Profit and loss account		787,127	772,800
		827,129	812,802

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PROCESSPLUS GROUP LIMITED REGISTERED NUMBER:SC224205

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

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 on 5 August 2025.

Mr S Sinclair

Director

The notes on pages 3 to 5 form part of these financial statements.

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PROCESSPLUS GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	GENERAL INFORMATION

Processplus Group Limited is a private company, limited by shares and incorporated in Scotland, registration number SC224205. The registered office address is Unit 10 Dickson Street, Elgin Industrial Estate, Dunfermline, Fife, KY12 7SL.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

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

EXEMPTION FROM PREPARING CONSOLIDATED FINANCIAL STATEMENTS

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

2.3

GOING CONCERN

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered a period of 12 months from the date of appproval of the financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.4

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

2.5

TAXATION

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

2.6

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

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PROCESSPLUS GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (continued)

2.7

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.

2.8

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.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

4.	FIXED ASSET INVESTMENTS

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 April 2024	207,250
	At 31 March 2025	207,250

DEBTORS

					2025	2024
					£	£


Other debtors	142,049	106,205
	142,049	106,205

Included within other debtors due within one year is a loan to Mr S Sinclair, a director, amounting to £106,205 (2024 - £106,205).

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PROCESSPLUS GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	CREDITORS: Amounts falling due within one year
		2025	2024
		£	£

	Other taxation and social security	1,015	1,303

7.	SHARE CAPITAL
		2025	2024
		£	£

Allotted, called up and fully paid

1,000 (2024 - 1,000) Ordinary B shares of £1.00 each	1,000	1,000
270 (2024 - 270) Ordinary C shares of £1.00 each	270	270
270 (2024 - 270) Ordinary D shares of £1.00 each	270	270

	1,540	1,540

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