|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Statements for the Year Ended 31 March 2019 |
|
for |
|
Prosys International Limited |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Statements for the Year Ended 31 March 2019 |
|
for |
|
Prosys International Limited |
Prosys International Limited (Registered number: 04201958) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 March 2019 |
|
|
|
|
Page |
|
Balance Sheet | 1 |
|
Notes to the Financial Statements | 2 |
|
Prosys International Limited (Registered number: 04201958) |
|
Balance Sheet |
31 March 2019 |
|
2019 | 2018 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
|
|
|
Current assets |
Stocks |
|
|
Debtors | 5 |
|
|
Cash at bank |
|
|
|
|
Creditors |
Amounts falling due within one year | 6 |
|
|
Net current assets |
|
|
Total assets less current liabilities |
|
|
|
Provisions for liabilities |
|
|
Net assets |
|
|
|
Capital and reserves |
Called up share capital | 7 |
|
|
Retained earnings |
|
|
Shareholders' funds |
|
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
|
The financial statements were approved and authorised for issue by the Board of Directors on
and were signed on its behalf by: |
|
|
|
|
|
|
|
Prosys International Limited (Registered number: 04201958) |
|
Notes to the Financial Statements |
for the Year Ended 31 March 2019 |
|
1. | Statutory information |
|
Prosys International Limited is a
|
Wales. The company's registered number and registered office address are as below: |
|
Registered number: | 04201958 |
|
Registered office: | 85 Church Road |
Hove |
East Sussex |
BN3 2BB |
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
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" taking advantage of |
the reduced disclosure requirements in Section 1A and the Companies Act 2006. The financial |
statements have been prepared under the historical cost convention. |
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable and represents |
amounts receivable for goods supplied and services rendered, stated net of discounts and of Value |
Added Tax. |
|
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of |
the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can |
be measured reliably, it is probable that the associated economic benefits will flow to the entity, and |
the costs incurred or to be incurred in respect of the transactions can be measured reliably. |
|
When the outcome of a transaction involving the rendering of services can be reliably estimated, |
revenue from the rendering of services is measured by reference to the stage of completion of the |
service transaction at the end of the reporting period. When the outcome of a transaction involving the |
rendering of services cannot be reliably estimated, revenue is recognised only to the extent that |
expenses recognised are recoverable. |
|
Tangible fixed assets |
|
Fixtures and fittings | - |
|
Computer equipment | - |
|
|
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated |
depreciation and impairment losses. |
Prosys International Limited (Registered number: 04201958) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2019 |
|
2. | Accounting policies - continued |
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
|
Stock is calculated on a first in, first out basis. |
|
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. |
|
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of |
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at |
the operating result. |
|
Leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period |
of the lease. |
|
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
|
Prosys International Limited (Registered number: 04201958) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2019 |
|
4. | Tangible fixed assets |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
Cost |
At 1 April 2018 |
|
|
|
Additions |
|
|
|
Disposals |
|
( |
) | ( |
) |
At 31 March 2019 |
|
|
|
Depreciation |
At 1 April 2018 |
|
|
|
Charge for year |
|
|
|
Eliminated on disposal |
|
( |
) | ( |
) |
At 31 March 2019 |
|
|
|
Net book value |
At 31 March 2019 |
|
|
|
At 31 March 2018 |
|
|
|
|
5. | Debtors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
6. | Creditors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Trade creditors |
|
|
Amounts owed to group undertakings |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
Prosys International Limited (Registered number: 04201958) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2019 |
|
7. | Called up share capital |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
|
Ordinary | £1 | 1,000 | 1,000 |
|
8. | Disclosure under Section 444(5B) of the Companies Act 2006 |
|
The Report of the Auditors was unqualified. |
|
|
for and on behalf of
|
|
9. | Off-balance sheet arrangements |
|
At the year end, the company had operating lease commitments of £42,327 (2018: £nil). |
|
10. | Post balance sheet events |
|
On 30/07/2019, the company exchanged contracts to sell its Spirotect tracheostomy business for |
£199,750. |
|
11. | Parent undertakings |
|
The company's parent company is S P Healthcare Limited, incorporated in England and Wales. The |
ultimate parent company is Dahlhausen Holdings AG, and its registered office is Emil-Hoffmann-Str. |
53, 50996 Cologne, Germany. Group accounts are also available from this address. |