PROCES_RISK_MANAGEMENT_LT - Accounts

The director received a further advance of £15,480 from the company during the year. The balance outstanding at 31 March 2020 was £129,263, (2019 - £113,783). Interest is charged at 2.5% and there are no repayment terms.

The average number of persons, including directors, employed by the company during the year was as follows:

Proces Risk Management Ltd is a private company limited by shares incorporated in Scotland. The registered office is 37 Albyn Place, Aberdeen, United Kingdom, AB10 1JB.

For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.