IRIS Accounts Production v24.2.0.383 06531614 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065316142022-12-31065316142023-12-31065316142023-01-012023-12-31065316142021-12-31065316142022-01-012022-12-31065316142022-12-3106531614ns15:EnglandWales2023-01-012023-12-3106531614ns14:PoundSterling2023-01-012023-12-3106531614ns10:Director12023-01-012023-12-3106531614ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106531614ns10:SmallEntities2023-01-012023-12-3106531614ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106531614ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106531614ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106531614ns10:FullAccounts2023-01-012023-12-3106531614ns10:OrdinaryShareClass12023-01-012023-12-3106531614ns10:Director22023-01-012023-12-3106531614ns10:RegisteredOffice2023-01-012023-12-3106531614ns5:CurrentFinancialInstruments2023-12-3106531614ns5:CurrentFinancialInstruments2022-12-3106531614ns5:Non-currentFinancialInstruments2023-12-3106531614ns5:Non-currentFinancialInstruments2022-12-3106531614ns5:ShareCapital2023-12-3106531614ns5:ShareCapital2022-12-3106531614ns5:RetainedEarningsAccumulatedLosses2023-12-3106531614ns5:RetainedEarningsAccumulatedLosses2022-12-310653161412023-01-012023-12-3106531614ns5:PlantMachinery2023-01-012023-12-3106531614ns5:FurnitureFittings2023-01-012023-12-3106531614ns5:MotorVehicles2023-01-012023-12-3106531614ns5:PlantMachinery2022-12-3106531614ns5:FurnitureFittings2022-12-3106531614ns5:MotorVehicles2022-12-3106531614ns5:PlantMachinery2023-12-3106531614ns5:FurnitureFittings2023-12-3106531614ns5:MotorVehicles2023-12-3106531614ns5:PlantMachinery2022-12-3106531614ns5:FurnitureFittings2022-12-3106531614ns5:MotorVehicles2022-12-3106531614ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3106531614ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3106531614ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-12-3106531614ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2022-12-3106531614ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3106531614ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-3106531614ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 06531614 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PROPORTIONAIR LIMITED

PROPORTIONAIR LIMITED (REGISTERED NUMBER: 06531614)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROPORTIONAIR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S R Stone
Mrs S 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 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,709 4,369

CURRENT ASSETS
Stocks 74,630 -
Debtors 6 22,977 45,231
Cash at bank and in hand 19,007 12,070
116,614 57,301
CREDITORS
Amounts falling due within one year 7 79,784 21,267
NET CURRENT ASSETS 36,830 36,034
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,539

40,403

CREDITORS
Amounts falling due after more than one
year

8

8,500

14,500
NET ASSETS 32,039 25,903

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 31,939 25,803
SHAREHOLDERS' FUNDS 32,039 25,903

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

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 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.

PROPORTIONAIR LIMITED (REGISTERED NUMBER: 06531614)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





S R Stone - Director


PROPORTIONAIR LIMITED (REGISTERED NUMBER: 06531614)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

PROPORTIONAIR LIMITED (REGISTERED NUMBER: 06531614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. ACCOUNTING POLICIES - continued

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.

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 (2022 - 2 ) .

PROPORTIONAIR LIMITED (REGISTERED NUMBER: 06531614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 7,500 7,762 2,920 18,182
DEPRECIATION
At 1 January 2023 5,792 5,150 2,871 13,813
Charge for year 256 392 12 660
At 31 December 2023 6,048 5,542 2,883 14,473
NET BOOK VALUE
At 31 December 2023 1,452 2,220 37 3,709
At 31 December 2022 1,708 2,612 49 4,369

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,919 24,372
Other debtors - 6,000
Directors' current accounts - 14,859
VAT 7,433 -
Prepayments 2,625 -
22,977 45,231

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 67,957 14,882
PL provisions 4,570 -
Credit card 560 163
VAT - 222
Directors' current accounts 697 -
79,784 21,267

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 6,000 6,000
Bank loans - 2-5 years 2,500 8,500
8,500 14,500

PROPORTIONAIR LIMITED (REGISTERED NUMBER: 06531614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. CALLED UP SHARE CAPITAL

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

10. RELATED PARTY DISCLOSURES

As at 31 December 2023 an amount of £697 was due to the directors (2022 £14,858 due from the directors).

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S R Stone.