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REGISTERED NUMBER: 01438722 (England and Wales)















DIRECTOR'S REPORT AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

PROCUREMENT INTERNATIONAL LTD.

PROCUREMENT INTERNATIONAL LTD. (REGISTERED NUMBER: 01438722)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016




Page

Company Information 1

Director's Report 2

Balance Sheet 3

Notes to the Financial Statements 5


PROCUREMENT INTERNATIONAL LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2016







DIRECTOR: I Rosewell





SECRETARY: L.J. Rosewell





REGISTERED OFFICE: Victory House
17 - 19 Marino Way
Hogwood Industrial Estate
Finchampstead
Berkshire
RG40 4RF





REGISTERED NUMBER: 01438722 (England and Wales)





ACCOUNTANTS: Vernon Associates
10 Beech Court
Wokingham Road
Hurst
Berkshire
RG10 0RQ

PROCUREMENT INTERNATIONAL LTD. (REGISTERED NUMBER: 01438722)

DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2016

The director presents his report with the financial statements of the company for the year ended 30 September 2016.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the distribution of branded merchandise for
use in corporate and consumer loyalty programmes.

REVIEW OF BUSINESS
Sales continued to move forward positively in the year whilst profits were maintained at similar levels to last year
reflecting investment in the future development of the business. Shareholders' funds increased by 50% to £1,474k and
cash reserves also increased.

The new financial year has seen some reduction in activity due to the completion of some client programmes but
development actions are continuing to restore the Company to a growth path.

DIRECTOR
I Rosewell held office during the whole of the period from 1 October 2015 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small
companies.

ON BEHALF OF THE BOARD:





I Rosewell - Director


26 June 2017

PROCUREMENT INTERNATIONAL LTD. (REGISTERED NUMBER: 01438722)

BALANCE SHEET
30 SEPTEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 49,399 78,315
Tangible assets 5 231,721 37,527
281,120 115,842

CURRENT ASSETS
Stocks 437,728 499,931
Debtors 6 908,966 1,471,223
Cash at bank and in hand 1,047,216 753,449
2,393,910 2,724,603
CREDITORS
Amounts falling due within one year 7 1,180,776 1,859,781
NET CURRENT ASSETS 1,213,134 864,822
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,494,254

980,664

CREDITORS
Amounts falling due after more than one
year

8

20,099

-
NET ASSETS 1,474,155 980,664

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,474,055 980,564
SHAREHOLDERS' FUNDS 1,474,155 980,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

PROCUREMENT INTERNATIONAL LTD. (REGISTERED NUMBER: 01438722)

BALANCE SHEET - continued
30 SEPTEMBER 2016



The financial statements were approved by the director on 26 June 2017 and were signed by:





I Rosewell - Director


PROCUREMENT INTERNATIONAL LTD. (REGISTERED NUMBER: 01438722)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016

1. STATUTORY INFORMATION

Procurement International Ltd. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill is being amortised evenly over its estimated useful life of between five and ten years.

Tangible fixed assets
Tangible fixed assets are written off evenly over their estimated useful life as follows:-

Fixtures and fittings, equipment and motor vehicles 3 - 5 years.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Hire purchase and 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 35 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2015
and 30 September 2016 144,581
AMORTISATION
At 1 October 2015 66,266
Amortisation for year 28,916
At 30 September 2016 95,182
NET BOOK VALUE
At 30 September 2016 49,399
At 30 September 2015 78,315

PROCUREMENT INTERNATIONAL LTD. (REGISTERED NUMBER: 01438722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2016

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2015 125,065 - - 125,065
Additions 17,899 52,452 155,292 225,643
Disposals (53,770 ) - - (53,770 )
At 30 September 2016 89,194 52,452 155,292 296,938
DEPRECIATION
At 1 October 2015 87,538 - - 87,538
Charge for year 20,886 4,371 6,039 31,296
Eliminated on disposal (53,617 ) - - (53,617 )
At 30 September 2016 54,807 4,371 6,039 65,217
NET BOOK VALUE
At 30 September 2016 34,387 48,081 149,253 231,721
At 30 September 2015 37,527 - - 37,527

Fixtures, fittings, equipment and motor vehicles depreciated evenly over a period of 3 to 5 years.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 819,994 1,384,708
Other debtors 88,972 86,515
908,966 1,471,223

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Hire purchase contracts 11,485 -
Trade creditors 756,701 1,308,528
Taxation and social security 141,159 223,356
Other creditors 271,431 327,897
1,180,776 1,859,781

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2016 2015
£    £   
Hire purchase contracts 20,099 -

9. OTHER FINANCIAL COMMITMENTS

At 30th September the company had annual commitments under non cancellable operating leases of £104,000
(2015 - £104,000) for a period of five years.