PrimePro_Software_Limited - Accounts


Company registration number 10767956 (England and Wales)
PrimePro Software Limited
Unaudited
Financial Statements
for the year ended 28 February 2023
PAGES FOR FILING WITH REGISTRAR
PrimePro Software Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3
PrimePro Software Limited
Statement of financial position
as at 28 February 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
25,809
11,666
Cash at bank and in hand
175,540
81,511
201,349
93,177
Creditors: amounts falling due within one year
(912,649)
(885,757)
Net current liabilities
(711,300)
(792,580)
Creditors: amounts falling due after more than one year
(162,141)
(153,729)
Net liabilities
(873,441)
(946,309)
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
(873,641)
(946,509)
Total equity
(873,441)
(946,309)

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

PrimePro Software Limited
Statement of financial position (continued)
as at 28 February 2023
- 2 -

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 28 February 2023 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 5 September 2023 and are signed on its behalf by:
P Hoban
Director
Company Registration No. 10767956
PrimePro Software Limited
Notes to the financial statements
for the year ended 28 February 2023
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

 

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the directors are aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern.

Turnover

Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised on the performance of contractual service obligation where a right to consideration is due.

Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Parent company

The ultimate parent company is EMIRP Holdings Limited, a company registered in England and Wales whose Registered Office is West House, King Cross Road, Halifax, HX1 1EB.

4
Company information

PrimePro Software Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 4 Woodside Court, Clayton Wood Rise, Leeds, LS16 6RF.

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