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 2021

for

Proclense Facilities Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Lucas

REGISTERED OFFICE:

14a High Street

Welwyn

Hertfordshire

AL6 9EQ

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

5,000

18,500

CURRENT ASSETS

Debtors

5

163,622

193,603

Cash at bank and in hand

82,516

19,118

246,138

212,721

CREDITORS

Amounts falling due within one year

6

68,417

100,106

NET CURRENT ASSETS

177,721

112,615

TOTAL ASSETS LESS CURRENT LIABILITIES

182,721

131,115

CREDITORS

Amounts falling due after more than one year

7

(50,000

)

-

PROVISIONS FOR LIABILITIES

(1,000

)

(3,500

)

NET ASSETS

131,721

127,615

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

131,621

127,515

SHAREHOLDERS' FUNDS

131,721

127,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 29 October 2021 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 (2020 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Equipment,

fixtures

Motor

& fittings

vehicles

Totals

£

£

£

COST

At 1 April 2020

and 31 March 2021

13,286

39,278

52,564

DEPRECIATION

At 1 April 2020

10,286

23,778

34,064

Charge for year

3,000

10,500

13,500

At 31 March 2021

13,286

34,278

47,564

NET BOOK VALUE

At 31 March 2021

-

5,000

5,000

At 31 March 2020

3,000

15,500

18,500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

4,403

21,216

Intercompany current account

159,219

168,844

Corporation tax repayable

-

3,543

163,622

193,603

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors and accruals

48,651

74,201

Social security and other taxes

11,528

25,739

Intercompany current account

8,072

-

Directors' current accounts

166

166

68,417

100,106

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Bank loan

50,000

-

8.	RELATED PARTY DISCLOSURES

The company is controlled by D Lucas and the company owes him £166 at the year end (2020: £166).

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.