Primary Process Consultants Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: SC321756 (Scotland)

Unaudited Financial Statements for the Year Ended 30 April 2023

for

Primary Process Consultants Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K B Rochford

SECRETARY:

D Davidson

REGISTERED OFFICE:

40 Riverside Drive

Stonehaven

Grampian

AB39 2GP

REGISTERED NUMBER:

SC321756 (Scotland)

ACCOUNTANTS:

JDD Chartered Accountants

19 Hillcroft Road

Banchory

Kincardineshire

AB31 5TF

FIXED ASSETS

Tangible assets

4

430

1,476

CURRENT ASSETS

Debtors

5

801

801

Cash at bank

312,959

348,974

313,760

349,775

CREDITORS

Amounts falling due within one year

6

22,672

25,500

NET CURRENT ASSETS

291,088

324,275

TOTAL ASSETS LESS CURRENT LIABILITIES

291,518

325,751

CREDITORS

Amounts falling due after more than one year

7

2,104

2,154

NET ASSETS

289,414

323,597

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

8

289,412

323,595

SHAREHOLDERS' FUNDS

289,414

323,597

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 22 January 2024 and were signed by:

K B Rochford - Director

1.	STATUTORY INFORMATION

Primary Process Consultants Limited is a private company, limited by shares , registered in Scotland. 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 the 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.

Computer Equipment

-

33% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

Equipment

£

COST

At 1 May 2022

and 30 April 2023

4,061

DEPRECIATION

At 1 May 2022

2,585

Charge for year

1,046

At 30 April 2023

3,631

NET BOOK VALUE

At 30 April 2023

430

At 30 April 2022

1,476

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Other debtors

801

801

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade creditors

342

343

Taxation and social security

19,149

22,276

Other creditors

3,181

2,881

22,672

25,500

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.23

30.4.22

£

£

Other creditors

2,104

2,154

8.

RESERVES

Retained

earnings

£

At 1 May 2022

323,595

Profit for the year

45,817

Dividends

(80,000

)

At 30 April 2023

289,412

9.	RELATED PARTY TRANSACTIONS

Dividends totalling £80,000 were paid during the year (30 April 2022:£80,000).