REGISTERED NUMBER: 06464030 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

Prokit UK Limited

Page

Company information

1

Abridged balance sheet

2

Notes to the financial statements

4

Director:

M D Warwick

Registered office:

10A The Old Brickworks

Church Road

Harold Wood

Romford

Essex

RM3 0HU

Registered number:

06464030 (England and Wales)

Accountants:

Cooper Paul

Abacus House

14-18 Forest Road

Loughton

Essex

IG10 1DX

Fixed assets

Tangible assets

4

180,632

133,303

Current assets

Stocks

463,756

622,639

Debtors

106,139

131,760

Cash at bank

24,934

12,900

594,829

767,299

Creditors

Amounts falling due within one year

(333,053

)

(506,948

)

Net current assets

261,776

260,351

Total assets less current liabilities

442,408

393,654

Creditors

Amounts falling due after more than one year

5

(141,301

)

(159,916

)

Provisions for liabilities

(10,198

)

(6,094

)

Net assets

290,909

227,644

Capital and reserves

Called up share capital

50

50

Capital redemption reserve

50

50

Retained earnings

290,809

227,544

290,909

227,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

All the members have consented to the preparation of an abridged Income statement and an abridged Balance sheet for the year ended 31st March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th December 2025 and were signed by:

M D Warwick - Director

1.	Statutory information

Prokit UK 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

20% on cost

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 13 (2024 - 13 ) .

4.	Tangible fixed assets

Totals

£

Cost

At 1st April 2024

294,226

Additions

105,321

At 31st March 2025

399,547

Depreciation

At 1st April 2024

160,923

Charge for year

57,992

At 31st March 2025

218,915

Net book value

At 31st March 2025

180,632

At 31st March 2024

133,303

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

Cost

At 1st April 2024

26,762

Additions

95,581

At 31st March 2025

122,343

Depreciation

Charge for year

22,654

At 31st March 2025

22,654

Net book value

At 31st March 2025

99,689

At 31st March 2024

26,762

5.

Creditors: amounts falling due after more than five years

2025

2024

£

£

Repayable by instalments

Bank loans more 5 yr by instal

-

107,294

6.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

96,777

139,794