Registration number: 07828469

Prosis Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Prosis Ltd

Company Information

Director

J D Evans

Registered office

Cooper House Lower Charlton Trading Estate Shepton Mallet Somerset BA4 5QE

Accountants

Burton Sweet Limited Chartered Accountants and Business Advisors Cooper House Lower Charlton Estate Shepton Mallet Somerset BA4 5QE

Prosis Ltd

(Registration number: 07828469)
Balance Sheet
31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	22,547	24,192
Current assets
Stocks	5	5,000	5,000
Debtors	6	59,848	49,933
Cash at bank and in hand		4	2,334
		64,852	57,267
Creditors: Amounts falling due within one year	7	(69,286)	(48,854)
Net current (liabilities)/assets		(4,434)	8,413
Total assets less current liabilities		18,113	32,605
Creditors: Amounts falling due after more than one year	7	(3,417)	(7,486)
Provisions for liabilities		(3,550)	(3,550)
Net assets		11,146	21,569
Capital and reserves
Called up share capital		100	100
Retained earnings		11,046	21,469
Shareholders' funds		11,146	21,569

Prosis Ltd

(Registration number: 07828469)
Balance Sheet
31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 September 2025
 

......................................... J D Evans Director

Prosis Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Cooper House
Lower Charlton Trading Estate
Shepton Mallet
Somerset
BA4 5QE

These financial statements were authorised for issue by the director on 10 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of goods and services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Prosis Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation 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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & machinery	15% per annum straight line
Motor vehicles	20% per annum straight line

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business and are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Prosis Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers and are recognised at transaction price. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Prosis Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

Prosis Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

4	Tangible assets

	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	5,665	34,971	40,636
Additions	-	7,750	7,750
At 31 December 2024	5,665	42,721	48,386
Depreciation
At 1 January 2024	2,289	14,155	16,444
Charge for the year	851	8,544	9,395
At 31 December 2024	3,140	22,699	25,839
Carrying amount
At 31 December 2024	2,525	20,022	22,547
At 31 December 2023	3,376	20,816	24,192

5

Stocks

	2024 £	2023 £
Other inventories	5,000	5,000

6

Debtors

	2024 £	2023 £
Trade debtors	33,848	24,933
Inter company loans	11,000	25,000
Other debtors	15,000	-
	59,848	49,933

Prosis Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	8	23,688	6,616
Trade creditors		24,996	25,307
Taxation and social security		19,852	15,335
Accruals and deferred income		363	345
Other creditors		387	1,251
		69,286	48,854

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	3,417	7,486

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Hire purchase contracts	-	7,486
Other borrowings	3,417	-
	3,417	7,486

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	-	439
Bank overdrafts	18,565	-
Hire purchase contracts	5,123	6,177
	23,688	6,616