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REGISTERED NUMBER: 07418311 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PROUD-ROBINSON LTD

PROUD-ROBINSON LTD (REGISTERED NUMBER: 07418311)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROUD-ROBINSON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: B J Robinson
A K O Brady





REGISTERED OFFICE: 18 Rock Street
Brighton
England
BN2 1NF





REGISTERED NUMBER: 07418311 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

PROUD-ROBINSON LTD (REGISTERED NUMBER: 07418311)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,097 58,069
Investments 5 1 1
56,098 58,070

CURRENT ASSETS
Debtors 6 1,417,853 1,898,507
Cash at bank and in hand 2,050,156 1,013,649
3,468,009 2,912,156
CREDITORS
Amounts falling due within one year 7 2,294,364 1,635,925
NET CURRENT ASSETS 1,173,645 1,276,231
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,229,743

1,334,301

CREDITORS
Amounts falling due after more than one
year

8

(17,500

)

(27,500

)

PROVISIONS FOR LIABILITIES (14,024 ) (14,517 )
NET ASSETS 1,198,219 1,292,284

CAPITAL AND RESERVES
Called up share capital 2,162 2,162
Share premium 222,078 222,078
Retained earnings 973,979 1,068,044
SHAREHOLDERS' FUNDS 1,198,219 1,292,284

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.

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 25 September 2024 and were signed on its behalf by:



B J Robinson - Director


PROUD-ROBINSON LTD (REGISTERED NUMBER: 07418311)

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

1. STATUTORY INFORMATION

Proud-robinson Ltd 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Improvements to property - 10% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 30 ) .

PROUD-ROBINSON LTD (REGISTERED NUMBER: 07418311)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 - 47,797 113,102 160,899
Additions 7,684 3,125 10,802 21,611
Disposals - - (52,877 ) (52,877 )
At 31 December 2023 7,684 50,922 71,027 129,633
DEPRECIATION
At 1 January 2023 - 44,146 58,684 102,830
Charge for year 538 1,435 12,478 14,451
Eliminated on disposal - - (43,745 ) (43,745 )
At 31 December 2023 538 45,581 27,417 73,536
NET BOOK VALUE
At 31 December 2023 7,146 5,341 43,610 56,097
At 31 December 2022 - 3,651 54,418 58,069

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,246,269 1,633,816
Amounts owed by associates 461 251
Directors' loan accounts - 58,000
Prepayments and accrued income 171,123 206,440
1,417,853 1,898,507

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 281,017 612,496
Amounts owed to associates 284,188 -
Tax 130,729 68,118
Social security and other taxes 172,721 167,769
VAT 252,088 155,612
Other creditors - 1,440
Directors' loan accounts 100,950 -
Accruals and deferred income 1,061,129 479,017
Accrued expenses 1,542 141,473
2,294,364 1,635,925

PROUD-ROBINSON LTD (REGISTERED NUMBER: 07418311)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 7,500 17,500
17,500 27,500

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
B J Robinson
Balance outstanding at start of year 58,000 -
Amounts advanced - 58,000
Amounts repaid (158,950 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (100,950 ) 58,000

This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

As there is no majority shareholder the company is controlled by the Board.