REGISTERED NUMBER: 13933656 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

PROSEEDTECHNOLOGY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C T Marshall

L Oades

SECRETARY:

C T Marshall

REGISTERED OFFICE:

90 Luttongate

Gedney Hill

Spalding

Lincolnshire

PE12 0QH

REGISTERED NUMBER:

13933656 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Tangible assets

4

79,661

92,016

CURRENT ASSETS

Stocks

137,688

58,122

Debtors

5

20,959

15,092

Cash at bank

128,354

175,160

287,001

248,374

CREDITORS

Amounts falling due within one year

6

294,096

261,612

NET CURRENT LIABILITIES

(7,095

)

(13,238

)

TOTAL ASSETS LESS CURRENT LIABILITIES

72,566

78,778

PROVISIONS FOR LIABILITIES

19,900

22,900

NET ASSETS

52,666

55,878

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

52,566

55,778

SHAREHOLDERS' FUNDS

52,666

55,878

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 directors acknowledge their 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 Board of Directors and authorised for issue on 4 January 2026 and were signed on its behalf by:

C T Marshall - Director

L Oades - Director

1.	STATUTORY INFORMATION

Proseedtechnology Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

At the balance sheet date the company had net current liabilities of £7,095 by virtue of its total current liabilities exceeding its total current assets. The directors are confident that the going concern basis for the preparation of the financial statements is appropriate, and have confirmed their continuing support for the company in writing.

Turnover

Turnover represents the sales value of goods and services supplied, excluding value added tax, adjusted for ongoing contracts that are long term or material in relation to turnover and profits in accordance with FRS 102 Section 12 as detailed in the long term contract accounting policy.

Turnover in relation to annual service contracts is apportioned on a straight line basis and recognised in the period to which they relate.

Tangible fixed assets

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

Plant and machinery

-

20% reducing balance

Motor vehicles

-

20% reducing balance

Computer equipment

-

20% 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 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.

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.

Long term contracts

Amounts recoverable on contracts, which are included in debtors, are stated at cost plus attributable profit to the extent that this is reasonably certain after making provisions for contingencies less any losses incurred or foreseen in bringing contracts to completion, and less amounts received as progress payments. Cost for this purpose includes material costs and all overheads other than those relating to the general administration of the company. For any contracts where receipts exceed book value of work done, the excess is included in creditors as payments on account.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 May 2024

14,003

96,280

841

111,124

Additions

6,986

-

-

6,986

At 30 April 2025

20,989

96,280

841

118,110

DEPRECIATION

At 1 May 2024

1,811

17,084

213

19,108

Charge for year

3,376

15,839

126

19,341

At 30 April 2025

5,187

32,923

339

38,449

NET BOOK VALUE

At 30 April 2025

15,802

63,357

502

79,661

At 30 April 2024

12,192

79,196

628

92,016

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

1,756

8,471

Other debtors

19,203

6,621

20,959

15,092

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade creditors

84,282

25,276

Taxation and social security

19,353

-

Other creditors

190,461

236,336

294,096

261,612