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REGISTERED NUMBER: 04154625 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28th February 2023

for

Proxymus Limited

Proxymus Limited (Registered number: 04154625)






Contents of the Financial Statements
for the year ended 28th February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Proxymus Limited

Company Information
for the year ended 28th February 2023







DIRECTOR: Ms S Williams





SECRETARY: Ms S Williams





REGISTERED OFFICE: MSParc Menai Science Park
Gaerwen
Anglesey
LL60 6AG





REGISTERED NUMBER: 04154625 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Proxymus Limited (Registered number: 04154625)

Balance Sheet
28th February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,899 80,623

CURRENT ASSETS
Stocks 600 600
Debtors 5 116,951 136,890
Cash at bank 23,667 6,915
141,218 144,405
CREDITORS
Amounts falling due within one year 6 58,219 75,671
NET CURRENT ASSETS 82,999 68,734
TOTAL ASSETS LESS CURRENT
LIABILITIES

149,898

149,357

PROVISIONS FOR LIABILITIES 12,711 15,318
NET ASSETS 137,187 134,039

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 137,185 134,037
SHAREHOLDERS' FUNDS 137,187 134,039

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Proxymus Limited (Registered number: 04154625)

Balance Sheet - continued
28th February 2023


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 31st October 2023 and were signed by:





Ms S Williams - Director


Proxymus Limited (Registered number: 04154625)

Notes to the Financial Statements
for the year ended 28th February 2023

1. STATUTORY INFORMATION

Proxymus Limited 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.

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" 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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

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.

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.

Proxymus Limited (Registered number: 04154625)

Notes to the Financial Statements - continued
for the year ended 28th February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2022 250,828
Additions 7,748
At 28th February 2023 258,576
DEPRECIATION
At 1st March 2022 170,205
Charge for year 21,472
At 28th February 2023 191,677
NET BOOK VALUE
At 28th February 2023 66,899
At 28th February 2022 80,623

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 116,951 136,890

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,841 176
Taxation and social security 21,739 46,058
Other creditors 27,639 29,437
58,219 75,671

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms S Williams.