1 December 2022 v2024.37.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwaretruetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP078461952022-12-012023-11-30078461952023-11-30078461952022-11-3007846195core:WithinOneYear2023-11-3007846195core:WithinOneYear2022-11-3007846195core:ShareCapital2023-11-3007846195core:ShareCapital2022-11-3007846195core:RetainedEarningsAccumulatedLosses2023-11-3007846195core:RetainedEarningsAccumulatedLosses2022-11-3007846195bus:Director12022-12-012023-11-3007846195bus:RegisteredOffice2022-12-012023-11-3007846195core:OfficeEquipment2022-12-012023-11-3007846195core:PlantMachinery2022-12-012023-11-3007846195core:PlantMachinery2023-11-300784619512022-12-012023-11-3007846195countries:EnglandWales2022-12-012023-11-3007846195bus:AuditExemptWithAccountantsReport2022-12-012023-11-3007846195bus:PrivateLimitedCompanyLtd2022-12-012023-11-3007846195bus:SmallEntities2022-12-012023-11-3007846195bus:FullAccounts2022-12-012023-11-30
Company registration number:
07846195
Proactive Biomechanics Limited
Unaudited Filleted Financial Statements for the year ended
30 November 2023
Proactive Biomechanics Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Proactive Biomechanics Limited
Year ended
30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Proactive Biomechanics Limited
for the year ended
30 November 2023
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Proactive Biomechanics Limited
, as a body, in accordance with the terms of my engagement letter dated 4 September 2020. My work has been undertaken solely to prepare for your approval the
financial statements
of
Proactive Biomechanics Limited
and state those matters that I have agreed to state to the Board of Directors of
Proactive Biomechanics Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Proactive Biomechanics Limited
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Proactive Biomechanics Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and loss of
Proactive Biomechanics Limited
. You consider that
Proactive Biomechanics Limited
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Proactive Biomechanics Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Hatocan Accountancy Services
Chartered Accountants
131 Burley Lane
Quarndon
DERBY
DE22 5JS
United Kingdom
Date:
16 August 2024
Proactive Biomechanics Limited
Statement of Financial Position
30 November 2023
20232022
Note££
Current assets    
Debtors 6
3,787
 
5,534
 
Creditors: amounts falling due within one year 7
(2,903
)
(4,179
)
Net current assets
884
 
1,355
 
Total assets less current liabilities 884   1,355  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
784
 
1,255
 
Shareholders funds
884
 
1,355
 
No significant accounting transactions as defined by section 1169 of the Companies Act 2006 occurred in the current year.
For the year ending
30 November 2023
, the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
16 August 2024
, and are signed on behalf of the board by:
Dr S Attfield
Director
Company registration number:
07846195
Proactive Biomechanics Limited
Notes to the Financial Statements
Year ended
30 November 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
11 Woodstock Close
,
Allestree
,
Derby
,
DE22 2LP
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

The company's director determined that it is no longer viable to continue it's operation as a going concern. The decision to cease to trade was made on 10th December 2021 and the company is actively engaged in realising its assets and settling its liabilities.

Income Statement

The company is dormant as defined in section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current year.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
33% straight line
Plant and machinery
25% straight line

Operating leases

Leases are classified as operating leases where substantially all the benefits of ownerships remain with the lessor. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the lease term.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2022: Nil).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 December 2022
and
30 November 2023
7,933
 
Depreciation  
At
1 December 2022
and
30 November 2023
7,933
 
Carrying amount  
At
30 November 2023
-  
At 30 November 2022 -  

6 Debtors

20232022
££
Other debtors
3,787
 
5,534
 
Other debtors include a £3,787 Director's loan. The Director's loan balance was £4,763 in 2022.

7 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts
2,803
 
3,779
 
Other creditors
100
 
400
 
2,903
 
4,179
 

8 Controlling party

S Attfield has ultimate control of the company by virtue of his 70% ownership of the issued share capital of the company.