Procter And Co Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

1. General Information

Procter And Co Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07255887 . The registered office is 1 High Street, Skipton, North Yorkshire, BD23 1AJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared under the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

2.2. Turnover

Turnover is measured at the fair value of the consideration receivable for services rendered, net of discounts and Valued Added Tax.

Sales commission is invoiced and recognised on completion of property sales.

Lettings commission is invoiced and recognised in the period to which it relates.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible fixed assets are measured at cost less accumulated amortisation and any accumulated impairment losses. They are amortised to income statement overt their estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance

2.5. Financial Instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transactions price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

2.6. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.

Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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Procter And Co Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2026

2.7. Pensions

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

2.8. Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

2.9. Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period is arises.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2025: 5)

4. Intangible Assets

	Other
	£
Cost
As at 1 September 2025	20,516

As at 31 August 2026	20,516

Amortisation
As at 1 September 2025	20,516

As at 31 August 2026	20,516

Net Book Value
As at 31 August 2026	-

As at 1 September 2025	-

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Procter And Co Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2026

5. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 September 2025	2,854	28,587	31,441
Additions	-	702	702

As at 31 August 2026	2,854	29,289	32,143

Depreciation
As at 1 September 2025	2,120	25,831	27,951
Provided during the period	184	811	995

As at 31 August 2026	2,304	26,642	28,946

Net Book Value
As at 31 August 2026	550	2,647	3,197

As at 1 September 2025	734	2,756	3,490

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	8,109	18,709
Prepayments and accrued income	92,549	60,553

	100,658	79,262

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	18,195	16,029
Bank loans and overdrafts	-	9,228
Corporation tax	12,210	5,105
Other taxes and social security	-	11,767
VAT	7,483	15,428
Accruals and deferred income	2,488	2,100
Directors' loan accounts	3,007	44

	43,383	59,701

8. Pension Commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £4,752 (2025 - £4,365).

Contributions totalling £nil (2025 - £nil) were payable to the fund at the year end, and are included in creditors: amounts falling due within one year.

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Procter And Co Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2026

9. Related Party Transactions

Included in creditors: amounts falling due within one year, is a directors loan account balance of £3,007 (2025 - £44) owing to Mr A D Procter.

The loan is interest free and repayable on demand.

10. Ultimate Controlling Party

The company is under the control of Mr A D Procter, who is interested in 94% of the company's issued share capital.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		3,197		3,490

			3,197		3,490
CURRENT ASSETS
Debtors	6	100,658		79,262
Cash at bank and in hand		12,610		4,784

		113,268		84,046
Creditors: Amounts Falling Due Within One Year	7	(43,383 )		(59,701 )

NET CURRENT ASSETS (LIABILITIES)			69,885		24,345

TOTAL ASSETS LESS CURRENT LIABILITIES			73,082		27,835

PROVISIONS FOR LIABILITIES
Deferred Taxation			(607 )		(873 )

NET ASSETS			72,475		26,962

CAPITAL AND RESERVES
Called up share capital			100		100
Income Statement			72,375		26,862

SHAREHOLDERS' FUNDS			72,475		26,962