Proces Risk Management Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: SC375603 (Scotland)

Financial Statements for the Year Ended 31 March 2023

for

Proces Risk Management Ltd

Page

Balance Sheet

1

FIXED ASSETS

334,261

335,106

CURRENT ASSETS

164,766

181,794

CREDITORS

Amounts falling due within one year

(51,097

)

(59,672

)

NET CURRENT ASSETS

113,669

122,122

TOTAL ASSETS LESS CURRENT LIABILITIES

447,930

457,228

CAPITAL AND RESERVES

447,930

457,228

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Proces Risk Management Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC375603

Registered office:

5 Rubislaw Terrace

Aberdeen

Aberdeenshire

AB10 1XE

2.	AVERAGE NUMBER OF EMPLOYEES

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

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23

31.3.22

£

£

Dr E Bailey

Balance outstanding at start of year

90,745

-

Amounts advanced

20,477

90,745

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

111,222

90,745

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 12 June 2024 and were signed by:

Dr E Bailey - Director