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Proact Limited
Registered Number:02464622
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Proact Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
02464622
As at 31 December 2023
Proact Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
294
346
2
294
346
Current assets
Trade and other receivables
3,282
5,092
3
1,191
Cash and cash equivalents
8,513
13,605
4,473
Trade and other payables: amounts falling due within one
year
(32,267)
(27,288)
4
(27,794)
(13,683)
Net current liabilities
Total assets less current liabilities
(13,389)
(27,448)
(13,389)
Net liabilities
(27,448)
Capital and reserves
Called up share capital
2
2
Retained earnings
(13,391)
(27,450)
(13,389)
(27,448)
Shareholders' funds
For the year ended 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
C Jones Director
These financial statements were approved and authorised for issue by the Board on 15 September 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
Proact Limited
Notes to the Financial Statements
Statutory Information
Proact Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
02464622.
Principal place of business:
25 Candish Drive
Elburton
Plymouth
Devon
PL9 8DB
Registered address:
Pilgrim House
Oxford Place
Plymouth
Devon
PL1 5AJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company.
Property, plant and equipment
Tangible fixed assets are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
15% Reducing balance
Fixtures and fittings
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.
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5
For the year ended 31 December 2023
Proact Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Fixtures and
fittings
£
Cost or
valuation
At 01 January 2023
11,779
At 31 December 2023
11,779
Provision for depreciation and impairment
At 01 January 2023
11,433
Charge for year
52
At 31 December 2023
11,485
At 31 December 2023
Net book value
294
At 31 December 2022
346
3. Trade and other receivables
2022
2023
£
£
Trade debtors
760
950
Other debtors
4,332
2,332
3,282
5,092
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
1,150
-
Other creditors
26,138
32,267
27,288
32,267
Included within taxation and social security is corporation tax of £1,150 (2022: Nil).
5. Related party transactions
The company is under the effective control of its director.
6. Directors advances and guarantees
At 01/01/2023
Loaned
Repaid
At 31/12/2023
£
£
£
£
C Jones
Director's Loan Account
25,547
31,676
930
7,059
25,547
31,676
930
7,059
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6
For the year ended 31 December 2023
Proact Limited
Notes to the Financial Statements Continued
7. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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