Company registration number:
09959700
Promsys Limited
Unaudited filleted financial statements
31 December 2024
Promsys Limited
Contents
Accountants report
Statement of financial position and notes to the financial statements
Promsys Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Promsys Limited
Year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Promsys Limited for the year ended 31 December 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Promsys Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Promsys Limited and state those matters that we have agreed to state to the board of directors of Promsys Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Promsys Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Promsys Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Promsys Limited. You consider that Promsys Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Promsys Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
We have relied on the figures provided by the accountants acting for the company's overseas branch which accounts for all the transactions on these financial statements.
Kay Peters & Co.
Chartered Certified Accountants
8 Domingo Street
Clerkenwell
London
EC1Y 0TA
17 September 2025
Promsys Limited
Statement of financial position
31 December 2024
|
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2024 |
|
|
2023 |
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|
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£ |
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
Current assets |
|
|
163,060 |
|
|
146,787 |
|
|
Prepayments and accrued income |
|
|
71 |
|
|
72 |
|
|
|
|
_______ |
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|
_______ |
|
|
|
|
|
163,131 |
|
|
146,859 |
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|
|
|
|
|
|
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Creditors: amounts falling due within one year |
|
|
|
(
2,635) |
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|
(
6,480) |
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|
_______ |
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_______ |
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|
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Net current assets |
|
|
|
160,496 |
|
|
140,379 |
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_______ |
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_______ |
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Total assets less current liabilities |
|
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160,496 |
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|
140,379 |
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|
|
|
|
|
|
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Accruals and deferred income |
|
|
|
(
5,170) |
|
|
(
2,545) |
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
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_______ |
|
Net assets |
|
|
|
155,326 |
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|
137,834 |
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_______ |
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_______ |
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Capital and reserves |
|
|
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155,326 |
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|
137,834 |
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|
|
|
_______ |
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_______ |
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Notes to the financial statements
Promsys Limited
Year ended 31 December 2024
1.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2023:
1
).
2.
Directors advances, credits and guarantees
|
During the year the directors entered into the following advances and credits with the company: |
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2024 |
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|
|
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Balance brought forward |
Amounts repaid |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mr Vasileios Chrysostomos Tsatsoulas |
129,023 |
7,023 |
136,046 |
|
|
|
|
|
_______ |
_______ |
_______ |
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|
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2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Amounts repaid |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mr Vasileios Chrysostomos Tsatsoulas |
106,446 |
22,577 |
129,023 |
|
|
|
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|
_______ |
_______ |
_______ |
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3.
Overseas branch
The amounts in the financial statements have been solely generated by the company's overseas branch.
4.
Going concern
The company is dependent on its director and major shareholder for financial support to continue as a going concern.
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 responsiblities:
-
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.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
17 September 2025
, and are signed on behalf of the board by:
Mr Stelios Anastasiou
Mr Emilios Nicolaou
Director
Director
Company registration number:
09959700
The company is a private company limited by shares, registered in England. The address of the registered office is 8 Domingo Street, Clerkenwell, London, EC1Y 0TA.