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REGISTERED NUMBER: 06531614 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

PROPORTIONAIR LIMITED

PROPORTIONAIR LIMITED (REGISTERED NUMBER: 06531614)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROPORTIONAIR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: S R Stone





REGISTERED OFFICE: Unit 2 Exis Court
Veasey Close
Attleborough Fields Ind Est
Nuneaton
Warwickshire
CV11 6RT





REGISTERED NUMBER: 06531614 (England and Wales)





ACCOUNTANTS: PWH Accountancy Ltd
The Counting House
High Street
Lutterworth
Leicestershire
LE17 4AY

PROPORTIONAIR LIMITED (REGISTERED NUMBER: 06531614)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,369 4,930

CURRENT ASSETS
Debtors 6 45,231 49,432
Prepayments and accrued income - 10,305
Cash at bank and in hand 12,070 11,480
57,301 71,217
CREDITORS
Amounts falling due within one year 7 21,267 32,787
NET CURRENT ASSETS 36,034 38,430
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,403

43,360

CREDITORS
Amounts falling due after more than one
year

8

(14,500

)

(20,500

)

PROVISIONS FOR LIABILITIES 9 - (937 )
NET ASSETS 25,903 21,923

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 25,803 21,823
SHAREHOLDERS' FUNDS 25,903 21,923

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

PROPORTIONAIR LIMITED (REGISTERED NUMBER: 06531614)

BALANCE SHEET - continued
31 DECEMBER 2022


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 7 November 2023 and were signed by:





S R Stone - Director


PROPORTIONAIR LIMITED (REGISTERED NUMBER: 06531614)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Proportionair 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant, Actual results may differ from these estimates.

Turnover
Revenue comprises the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Revenue is shown net of VAT and trade discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities. The amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale have been resolved. The company bases its estimates on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
Financial assets
Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities
The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.


PROPORTIONAIR LIMITED (REGISTERED NUMBER: 06531614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

3. ACCOUNTING POLICIES - continued
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
The financial statements are presented in GBP, being both the company's functional and presentation currency. Transactions denominated in foreign currencies are translated into GBP at the rates of exchange in operation on the dates of the transactions. Monetary assets and liabilities expressed in foreign currencies are translated into GBP at the rates of exchange prevailing at the date of the Statements of Financial Position. Translation differences are dealt with through the Statement of Comprehensive Income in the period in which they arise.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2022 7,500 7,545 2,920 17,965
Additions - 217 6,000 6,217
Disposals - - (6,000 ) (6,000 )
At 31 December 2022 7,500 7,762 2,920 18,182
DEPRECIATION
At 1 January 2022 5,491 4,689 2,855 13,035
Charge for year 301 461 16 778
At 31 December 2022 5,792 5,150 2,871 13,813
NET BOOK VALUE
At 31 December 2022 1,708 2,612 49 4,369
At 31 December 2021 2,009 2,856 65 4,930

PROPORTIONAIR LIMITED (REGISTERED NUMBER: 06531614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 24,372 21,926
Other debtors 6,000 626
Directors' current accounts 14,859 26,771
VAT - 109
45,231 49,432

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 14,882 11,105
Credit card 163 -
VAT 222 -
Other creditors - 15,682
21,267 32,787

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 1-2 years 6,000 6,000
Bank loans - 2-5 years 8,500 14,500
14,500 20,500

9. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax - 937

Deferred
tax
£   
Balance at 1 January 2022 937
Credit to Income Statement during year (937 )
Balance at 31 December 2022 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
50 Ordinary £1 100 100

PROPORTIONAIR LIMITED (REGISTERED NUMBER: 06531614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

11. RELATED PARTY DISCLOSURES

As at 31 December 2022 an amount of £14,859 (2021 £26,771) was owed to the company by the director. This amount is shown under debtors in the balance sheet, and was repaid in full after the year end.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S R Stone.