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REGISTERED NUMBER: 05387547 (England and Wales)















PROACTIVE NETWORKS LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2024






PROACTIVE NETWORKS LIMITED (REGISTERED NUMBER: 05387547)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROACTIVE NETWORKS LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: F Hawker
J T Magee





REGISTERED OFFICE: Sheldon Chambers
2235/2243 Coventry Road
Birmingham
West Midlands
B26 3NW





REGISTERED NUMBER: 05387547 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

PROACTIVE NETWORKS LIMITED (REGISTERED NUMBER: 05387547)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,367 68,598

CURRENT ASSETS
Stocks 13,756 17,179
Debtors 5 426,494 394,689
Cash at bank 18,343 88,650
458,593 500,518
CREDITORS
Amounts falling due within one year 6 132,790 130,164
NET CURRENT ASSETS 325,803 370,354
TOTAL ASSETS LESS CURRENT
LIABILITIES

401,170

438,952

PROVISIONS FOR LIABILITIES 16,799 14,658
NET ASSETS 384,371 424,294

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 383,371 423,294
SHAREHOLDERS' FUNDS 384,371 424,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

PROACTIVE NETWORKS LIMITED (REGISTERED NUMBER: 05387547)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:





F Hawker - Director


PROACTIVE NETWORKS LIMITED (REGISTERED NUMBER: 05387547)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Proactive Networks 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. 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.
Hosted Handsets - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

PROACTIVE NETWORKS LIMITED (REGISTERED NUMBER: 05387547)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Hosted
Handsets
£   
COST
At 1 January 2024 105,253
Additions 38,900
At 31 December 2024 144,153
DEPRECIATION
At 1 January 2024 36,655
Charge for year 32,131
At 31 December 2024 68,786
NET BOOK VALUE
At 31 December 2024 75,367
At 31 December 2023 68,598

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,518 9,028
Amounts owed by group undertakings 402,754 366,945
Prepayments 16,222 18,716
426,494 394,689

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 7,000
Trade creditors 38,687 55,549
Social security and other taxes 92,226 65,763
Accrued expenses 1,877 1,852
132,790 130,164