ProMission Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04129620

ProMission Limited

Filleted Unaudited Accounts

31 December 2024

ProMission Limited

Accounts

Year ended 31 December 2024

Contents	Page

Statement of financial position	1

Notes to the accounts	3

ProMission Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		3,372	4,839

Current assets

Debtors	6	394,276	212,136
Cash at bank and in hand		141,750	333,736
		---------	---------
		536,026	545,872

Creditors: amounts falling due within one year	7	( 295,018)		( 231,215)
		---------		---------
Net current assets			241,008	314,657
			---------	---------
Total assets less current liabilities			244,380	319,496
			---------	---------
Net assets			244,380	319,496
			---------	---------

Capital and reserves

Called up share capital	7,800	7,800
Capital redemption reserve	200	200
Profit and loss account	236,380	311,496
	---------	---------
Shareholders funds	244,380	319,496
	---------	---------

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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.

Directors' 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 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .

ProMission Limited

Statement of Financial Position (continued)

31 December 2024

These accounts were approved by the board of directors and authorised for issue on 10 September 2025 , and are signed on behalf of the board by:

S. Crust

Director

Company registration number: 04129620

ProMission Limited

Notes to the Accounts

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 16 Berkeley Street, London, W1J 8DZ.

2. Statement of compliance

These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The accounts are prepared in sterling, which is the functional currency of the entity.

Going concern

In the opinion of the directors the company has a strong pipeline of work and has sufficient resources from which to meet its ongoing trading obligations as they fall due. As such, the company remains a going concern for the foreseeable future, being not less than one year from the date of approval of these accounts.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% reducing balance
Office equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. Contributions are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2023: 8 ).

5. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 January 2024	4,761	8,718	13,479
Disposals	–	( 1,920)	( 1,920)
	-------	-------	--------
At 31 December 2024	4,761	6,798	11,559
	-------	-------	--------
Depreciation
At 1 January 2024	3,219	5,421	8,640
Charge for the year	386	740	1,126
Disposals	–	( 1,579)	( 1,579)
	-------	-------	--------
At 31 December 2024	3,605	4,582	8,187
	-------	-------	--------
Carrying amount
At 31 December 2024	1,156	2,216	3,372
	-------	-------	--------
At 31 December 2023	1,542	3,297	4,839
	-------	-------	--------

6. Debtors

	2024	2023
	£	£
Trade debtors	373,699	198,075
Other debtors	20,577	14,061
	---------	---------
	394,276	212,136
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	12,415	16,825
Corporation tax	48,816	56,838
Social security and other taxes	124,541	79,319
Other creditors	109,246	78,233
	---------	---------
	295,018	231,215
	---------	---------

8. Directors' advances, credits and guarantees

Throughout the year, the company remained indebted to the directors in respect of a short term advance. At the balance sheet date, the amount owing to the directors was £78,545 (2023: £48,345). This balance is interest-free, repayable on demand, and included within Other Creditors.

9. Related party transactions

The company was under the control of its directors throughout the current and previous year. Dividends paid to the directors and their family members, in their capacity as shareholders of the company, totalled £217,000 (2023: £186,000).