| Prodecs South West Limited |
| Registered Number:09349807 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
Prodecs South West Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Prodecs South West Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
31,463
22,088
2
31,463
22,088
| Trade and other receivables |
22,798
17,819
4
24,079
| Cash and cash equivalents |
18,604
36,423
46,877
| Trade and other payables: amounts falling due within one |
| year |
(37,970)
(30,470)
5
8,907
5,953
Net current assets
| Total assets less current liabilities |
37,416
30,995
| Trade and other payables: amounts falling due after more |
| than one year |
(30,898)
(26,041)
6
11,375
Net assets
97
1
1
11,374
96
11,375
97
Shareholders' funds
| For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| 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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 05 June 2025 and were signed by: |
| The notes form part of these financial statements |
1 of 3
For the year ended 31 December 2024
Prodecs South West Limited
Notes to the Financial Statements
Statutory Information
| Prodecs South West Limited is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 09349807. |
31 Oak Close
Exminster
Exeter
Devon
EX6 8ST
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Motor vehicles
Government grants
| Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
| 2. Property, plant and equipment |
Motor vehicles
41,908
25,721
16,187
15,212
15,212
-
16,187
40,933
57,120
| Provision for depreciation and impairment |
19,820
8,472
11,348
Charge for year
5,837
4,869
968
25,657
13,341
12,316
3,871
27,592
31,463
4,839
17,249
22,088
2 of 3
For the year ended 31 December 2024
Prodecs South West Limited
Notes to the Financial Statements Continued
| 3. Investments held as fixed assets |
| 4. Trade and other receivables |
2023
2024
10,341
19,409
| Amounts owed by directors |
4,089
-
3,389
3,389
22,798
17,819
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
5,952
5,952
3,216
5,622
| Taxation and social security |
16,413
21,507
| Accruals and deferred income |
1,500
1,500
3,389
3,389
30,470
37,970
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
26,041
30,898
| 7. Related party transactions |
The company was under the control of Mr K Spear during this year.
| 8. Average number of persons employed |
During the year the average number of employees was 1 (2023 : 1)
3 of 3