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REGISTERED NUMBER: 09529191 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Promaxis Management Ltd

Promaxis Management Ltd (Registered number: 09529191)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Promaxis Management Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: A G Turner





SECRETARY: A G Turner





REGISTERED OFFICE: 1st & 2nd Floor
138 South Street
Romford
RM1 1TE





REGISTERED NUMBER: 09529191 (England and Wales)





ACCOUNTANTS: Business Help UK Ltd
1st - 2nd Floor
138 South Street
Romford
Essex
RM1 1TE

Promaxis Management Ltd

Report of the Accountants to the Director of
Promaxis Management Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on pages one to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Business Help UK Ltd
1st - 2nd Floor
138 South Street
Romford
Essex
RM1 1TE


19 October 2024

Promaxis Management Ltd (Registered number: 09529191)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,046 1,563

CURRENT ASSETS
Debtors 5 8,603 -
Cash at bank and in hand 18,662 54,211
27,265 54,211
CREDITORS
Amounts falling due within one year 6 2,903 9,624
NET CURRENT ASSETS 24,362 44,587
TOTAL ASSETS LESS CURRENT LIABILITIES 26,408 46,150

CREDITORS
Amounts falling due after more than one
year

7

26,308

35,907
NET ASSETS 100 10,243

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings - 10,143
SHAREHOLDERS' FUNDS 100 10,243

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Promaxis Management Ltd (Registered number: 09529191)

Balance Sheet - continued
30 April 2024


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 director and authorised for issue on 19 October 2024 and were signed by:





A G Turner - Director


Promaxis Management Ltd (Registered number: 09529191)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Promaxis Management 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.

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.

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.

Promaxis Management Ltd (Registered number: 09529191)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023 2,691
Additions 1,400
Disposals (777 )
At 30 April 2024 3,314
DEPRECIATION
At 1 May 2023 1,128
Charge for year 682
Eliminated on disposal (542 )
At 30 April 2024 1,268
NET BOOK VALUE
At 30 April 2024 2,046
At 30 April 2023 1,563

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 8,603 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 1,913 8,634
Other creditors 990 990
2,903 9,624

Promaxis Management Ltd (Registered number: 09529191)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 26,308 35,907

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 26,308 35,907

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary 1 100 100