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REGISTERED NUMBER: SC518406 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

PROACTIVE SOLUTIONS (SCOTLAND) LIMITED

PROACTIVE SOLUTIONS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC518406)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PROACTIVE SOLUTIONS (SCOTLAND) LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTORS: Mrs L Mckee
Mr A J Mckee





REGISTERED OFFICE: 6 Miller Road
Ayr
Ayrshire
KA7 2AY





REGISTERED NUMBER: SC518406 (Scotland)





ACCOUNTANTS: K M Stewart & Company
6 Miller Road
Ayr
KA7 2AY

PROACTIVE SOLUTIONS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC518406)

STATEMENT OF FINANCIAL POSITION
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,019 2,938
Investments 5 21,700 15,000
56,719 17,938

CURRENT ASSETS
Debtors 6 212,640 68,275
Cash at bank 41,967 62,823
254,607 131,098
CREDITORS
Amounts falling due within one year 7 156,566 70,947
NET CURRENT ASSETS 98,041 60,151
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,760

78,089

CREDITORS
Amounts falling due after more than one
year

8

(47,770

)

(20,670

)

PROVISIONS FOR LIABILITIES (7,837 ) (558 )
NET ASSETS 99,153 56,861

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 99,053 56,761
SHAREHOLDERS' FUNDS 99,153 56,861

PROACTIVE SOLUTIONS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC518406)

STATEMENT OF FINANCIAL POSITION - continued
31 October 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Mrs L Mckee - Director


PROACTIVE SOLUTIONS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC518406)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Proactive Solutions (Scotland) Limited is a private company, limited by shares , registered in Scotland. 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 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.

Functional currency
The financial statements are presented in British Pounds Sterling which is the functional currency. Figures are shown to the nearest whole pound.

Significant judgements and estimates
The preparation of financial statements requires the use of certain accounting estimates . It also requires the Directors to exercise judgement in applying the Companies Accounting policies. The areas requiring a higher degree of judgement, or complexity, and areas where assumptions or estimates are most significant to the financial statements, are disclosed below:

Estimation Uncertainty

Useful life of properties, plant and equipment
The Company assesses the useful life of its properties, plant and equipment and estimates the annual charge to be depreciated based on this.

Recoverability of Debtors
The Company assesses the recoverability of Debtors on an individual basis, taking into consideration payment history, and perceived liquidity. Where it is considered that there is a higher than normal risk to the recoverability of these, provision is made against the recoverability of these debts.

Stock Valuation
The Company assesses the carrying value of stock on at least an annual basis, taking into consideration when each item was purchased and the Company's ability to sell that particular item. Where it is considered the net realisable value of stock has fallen below its' original cost, a provision is made by Management against the stock value in the financial statements.

Key Judgements made in the application of Accounting Policies
a) Exemptions taken in the application of FRS 102
The Company has considered and taken advantage of the following exemptions in its application of FRS 102:
i) The Company has not revisited previous accounting estimates.

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 - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 8% on cost

PROACTIVE SOLUTIONS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC518406)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Classification
The Company believes all financial instruments are Basic Financial Instruments. Therefore, the Company
recognises these in accordance with Section 11 of the Financial Reporting Standard.

Recognition and measurement
The company's debt instruments are measured at amortised cost using the effective interest rate method.

Impairment
Financial instruments are reviewed annually for impairment.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

PROACTIVE SOLUTIONS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC518406)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 1,446 - 6,618 8,064
Additions - 44,409 500 44,909
At 31 October 2023 1,446 44,409 7,118 52,973
DEPRECIATION
At 1 November 2022 716 - 4,410 5,126
Charge for year 243 11,102 1,483 12,828
At 31 October 2023 959 11,102 5,893 17,954
NET BOOK VALUE
At 31 October 2023 487 33,307 1,225 35,019
At 31 October 2022 730 - 2,208 2,938

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Other investment 15,000 15,000
Investments- Addition 9,700 -
Investment-Disposal (3,000 ) -
21,700 15,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 138,251 19,440
Other debtors 74,389 48,835
212,640 68,275

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,702 3,702
Hire purchase contracts 3,680 -
Trade creditors 46,466 2,374
Taxation and social security 93,044 62,524
Other creditors 9,674 2,347
156,566 70,947

PROACTIVE SOLUTIONS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC518406)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,968 20,670
Hire purchase contracts 30,802 -
47,770 20,670

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,160 5,862

The bank loan is repayable in instalments over 8 years. The loan is guaranteed by government and carries an interest rate of 2.5% p.a.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 November 2022 56,762
Profit for the year 110,291
Dividends (68,000 )
At 31 October 2023 99,053

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Mrs L Mckee
Balance outstanding at start of year 48,517 39,676
Amounts advanced 179,179 172,401
Amounts repaid (158,682 ) (163,560 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 69,014 48,517