REGISTERED NUMBER: 11300694 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

PROCURED SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

Mr P Male

Secretary:

Mrs R Male

Registered office:

71-75 Shelton Street

Covent Garden

London

WC2H 9JQ

Registered number:

11300694 (England and Wales)

Accountants:

TC Group

10 Stadium Business Court

Millennium Way

Pride Park

Derby

DE24 8HP

Fixed assets

Tangible assets

4

13,081

15,218

Current assets

Debtors

5

47,404

16,476

Cash at bank and in hand

165,857

195,990

213,261

212,466

Creditors

Amounts falling due within one year

6

(50,902

)

(63,974

)

Net current assets

162,359

148,492

Total assets less current liabilities

175,440

163,710

Provisions for liabilities

(395

)

(493

)

Net assets

175,045

163,217

Capital and reserves

Called up share capital

8

100

100

Retained earnings

174,945

163,117

Shareholders' funds

175,045

163,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 October 2025 and were signed by:

Mr P Male - Director

1.	STATUTORY INFORMATION

Procured Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office Premises

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Equipment

-

25% on reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

Premises

fittings

Equipment

Totals

£

£

£

£

Cost

At 1 May 2024

17,453

642

3,493

21,588

Additions

-

-

191

191

At 30 April 2025

17,453

642

3,684

21,779

Depreciation

At 1 May 2024

4,208

167

1,995

6,370

Charge for year

1,746

160

422

2,328

At 30 April 2025

5,954

327

2,417

8,698

Net book value

At 30 April 2025

11,499

315

1,267

13,081

At 30 April 2024

13,245

475

1,498

15,218

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

9,108

8,800

Other debtors

3,971

4,441

Directors' loan accounts

25,118

-

Prepayments and accrued income

9,207

3,235

47,404

16,476

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

43,492

44,650

VAT

4,423

870

Other creditors

1,112

1,979

Accrual and Deferred Income

1,875

16,300

Directors' loan accounts

-

175

50,902

63,974

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

13,004

14,187

Between one and five years

6,276

21,033

19,280

35,220

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Share capital

£1

100

100

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

£

Mr P Male

Balance outstanding at start of year

(175

)

46,870

Amounts advanced

145,079

113,669

Amounts repaid

(119,786

)

(160,714

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

25,118

(175

)

It is company policy to charge interest on all overdrawn loan accounts at HMRC official rate of interest. The amount owed at the year end in respect of the above loans was £997 (2024: £1,582) and is included in other debtors.