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REGISTERED NUMBER: 06419263 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Proactive Financial Management Limited

Proactive Financial Management Limited (Registered number: 06419263)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Proactive Financial Management Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: Mr J G Williams





REGISTERED OFFICE: 11 Quay Road
Bridlington
East Riding
YO15 2AB





REGISTERED NUMBER: 06419263 (England and Wales)





ACCOUNTANTS: Asquith Accountants Ltd
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Proactive Financial Management Limited (Registered number: 06419263)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 194,552 158,558

CURRENT ASSETS
Debtors 5 190,523 148,015
Cash at bank and in hand 131,411 92,695
321,934 240,710
CREDITORS
Amounts falling due within one year 6 109,455 81,009
NET CURRENT ASSETS 212,479 159,701
TOTAL ASSETS LESS CURRENT
LIABILITIES

407,031

318,259

CREDITORS
Amounts falling due after more than one
year

7

(125,163

)

(99,998

)

PROVISIONS FOR LIABILITIES (12,515 ) (2,679 )
NET ASSETS 269,353 215,582

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 269,253 215,482
269,353 215,582

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Proactive Financial Management Limited (Registered number: 06419263)

Balance Sheet - continued
31 March 2025


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 23 April 2025 and were signed by:





Mr J G Williams - Director


Proactive Financial Management Limited (Registered number: 06419263)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Proactive Financial Management 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost and 15% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Proactive Financial Management Limited (Registered number: 06419263)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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 6 (2024 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 160,548 46,117 206,665
Additions - 55,565 55,565
At 31 March 2025 160,548 101,682 262,230
DEPRECIATION
At 1 April 2024 12,844 35,263 48,107
Charge for year 3,211 16,360 19,571
At 31 March 2025 16,055 51,623 67,678
NET BOOK VALUE
At 31 March 2025 144,493 50,059 194,552
At 31 March 2024 147,704 10,854 158,558

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 52,920
At 31 March 2025 52,920
DEPRECIATION
Charge for year 13,230
At 31 March 2025 13,230
NET BOOK VALUE
At 31 March 2025 39,690

Proactive Financial Management Limited (Registered number: 06419263)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 44,750 24,500
Other debtors 145,773 123,515
190,523 148,015

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 11,000 8,000
Hire purchase contracts 7,425 -
Trade creditors 713 1,338
Taxation and social security 67,987 52,854
Other creditors 22,330 18,817
109,455 81,009

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 86,442 99,998
Hire purchase contracts 38,721 -
125,163 99,998

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans 97,442 107,998

Two charges are held by Yorkshire Bank PLC over the freehold property held in the accounts. These charges contains fixed and floating charges and a negative pledge.

Proactive Financial Management Limited (Registered number: 06419263)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
Mr J G Williams
Balance outstanding at start of year 83,849 51,213
Amounts advanced 100,718 117,956
Amounts repaid (90,203 ) (85,320 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 94,364 83,849

The above loan is unsecured, interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

At the year end a loan of £51,100 (2024 £39,381) was owed by a shareholder to the company

Proactive Financial Management Limited

Report of the Accountants to the Director of
Proactive Financial Management Limited

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 31 March 2025 set out on pages two to seven 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.






Asquith Accountants Ltd
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX


23 April 2025