Proclense Facilities Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09577069 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Proclense Facilities Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Lucas

REGISTERED OFFICE:

Gowran House

56 Broad Street

Chipping Sodbury

Bristol

BS37 6AG

REGISTERED NUMBER:

09577069 (England and Wales)

ACCOUNTANTS:

R A Leslie & Co. LLP

Chartered Accountants

Gowran House

56 Broad Street

Chipping Sodbury

Bristol

BS37 6AG

FIXED ASSETS

Tangible assets

4

18,500

31,500

CURRENT ASSETS

Debtors

5

193,603

226,798

Cash at bank and in hand

19,118

14,169

212,721

240,967

CREDITORS

Amounts falling due within one year

6

100,106

128,252

NET CURRENT ASSETS

112,615

112,715

TOTAL ASSETS LESS CURRENT LIABILITIES

131,115

144,215

PROVISIONS FOR LIABILITIES

3,500

6,000

NET ASSETS

127,615

138,215

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

127,515

138,115

SHAREHOLDERS' FUNDS

127,615

138,215

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2020 and were signed by:

D Lucas - Director

1.	STATUTORY INFORMATION

Proclense Facilities Management 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Equipment, fixtures & fittings

-

25% on cost

Motor vehicles

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Equipment,

fixtures

Motor

& fittings

vehicles

Totals

£

£

£

COST

At 1 April 2019

and 31 March 2020

13,286

39,278

52,564

DEPRECIATION

At 1 April 2019

6,786

14,278

21,064

Charge for year

3,500

9,500

13,000

At 31 March 2020

10,286

23,778

34,064

NET BOOK VALUE

At 31 March 2020

3,000

15,500

18,500

At 31 March 2019

6,500

25,000

31,500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

21,216

9,412

Intercompany current account

168,844

212,594

Corporation tax repayable

3,543

3,543

VAT

-

1,249

193,603

226,798

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors and accruals

74,201

78,784

Social security and other taxes

25,739

10,565

Bank overdraft

-

33,637

Directors' current accounts

166

5,266

100,106

128,252

7.	RELATED PARTY DISCLOSURES

The company is controlled by D Lucas and the company owes him £166 at 31/3/20 (2019: £5,266).

Management charges were received from an associated company, Proclense Valeting Services Limited, relating

to services provided during the year, at normal market rates.

Materials and labour services were received from an associated company, Proclense Valeting Services Limited,

charged at normal market rates.