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REGISTERED NUMBER: 06744401 (England and Wales)
















PROXAR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






PROXAR LIMITED (REGISTERED NUMBER: 06744401)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROXAR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: K Kasowski





REGISTERED OFFICE: Unit 1
205 London Road
Sevenoaks
Kent
TN13 1DW





REGISTERED NUMBER: 06744401 (England and Wales)





ACCOUNTANTS: Lakeview Southern Limited
Chartered Accountants
2 Lakeview Stables
Lower St. Clere
Kemsing
Sevenoaks
Kent
TN15 6NL

PROXAR LIMITED (REGISTERED NUMBER: 06744401)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 171,915 163,027

CURRENT ASSETS
Debtors 5 27,265 34,492
Cash at bank 2,993 156,686
30,258 191,178
CREDITORS
Amounts falling due within one year 6 145,189 158,112
NET CURRENT (LIABILITIES)/ASSETS (114,931 ) 33,066
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,984

196,093

CREDITORS
Amounts falling due after more than one year 7 50,000 90,000
NET ASSETS 6,984 106,093

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,884 105,993
SHAREHOLDERS' FUNDS 6,984 106,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

PROXAR LIMITED (REGISTERED NUMBER: 06744401)

BALANCE SHEET - continued
29 FEBRUARY 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 29 November 2024 and were signed by:





K Kasowski - Director


PROXAR LIMITED (REGISTERED NUMBER: 06744401)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Proxar 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.

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.
Plant and machinery etc - 25% on cost and 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.

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 12 (2023 - 6 ) .

PROXAR LIMITED (REGISTERED NUMBER: 06744401)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 150,000 216,543 366,543
Additions - 20,902 20,902
Disposals - (2,297 ) (2,297 )
At 29 February 2024 150,000 235,148 385,148
DEPRECIATION
At 1 March 2023 - 203,516 203,516
Charge for year - 11,116 11,116
Eliminated on disposal - (1,399 ) (1,399 )
At 29 February 2024 - 213,233 213,233
NET BOOK VALUE
At 29 February 2024 150,000 21,915 171,915
At 28 February 2023 150,000 13,027 163,027

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 20,773 27,468
Other debtors 6,492 7,024
27,265 34,492

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 40,000 40,000
Trade creditors 14,778 17,243
Taxation and social security 48,249 74,623
Other creditors 42,162 26,246
145,189 158,112

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 50,000 90,000

PROXAR LIMITED (REGISTERED NUMBER: 06744401)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 90,000 130,000

Bank loans and overdrafts are secured by way of a fixed and floating charge on the assets of the company.