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REGISTERED NUMBER: 03396047 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2025

FOR

PROACTIVE INDUSTRIES LIMITED

PROACTIVE INDUSTRIES LIMITED (REGISTERED NUMBER: 03396047)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


PROACTIVE INDUSTRIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







Director: P R Taylor





Secretary: Mrs J K Taylor





Registered office: 1623 Warwick Road
Knowle
Solihull
West Midlands
B93 9LF





Registered number: 03396047 (England and Wales)





Accountants: Athos Business Solutions Limited
1623 Warwick Road
Knowle
Solihull
West Midlands
B93 9LF

PROACTIVE INDUSTRIES LIMITED (REGISTERED NUMBER: 03396047)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 283,045 187,995

CURRENT ASSETS
Stocks 81,522 68,570
Debtors 5 269,671 276,000
Cash at bank 111,983 121,057
463,176 465,627
CREDITORS
Amounts falling due within one year 6 391,431 425,624
NET CURRENT ASSETS 71,745 40,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

354,790

227,998

CREDITORS
Amounts falling due after more than one
year

7

(160,293

)

(97,252

)

PROVISIONS FOR LIABILITIES (52,778 ) (38,987 )
NET ASSETS 141,719 91,759

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 141,619 91,659
141,719 91,759

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 INDUSTRIES LIMITED (REGISTERED NUMBER: 03396047)

BALANCE SHEET - continued
31 JANUARY 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:





P R Taylor - Director


PROACTIVE INDUSTRIES LIMITED (REGISTERED NUMBER: 03396047)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

Proactive Industries 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.
Short leasehold - 10% on cost
Plant and machinery - 20% on cost
Fixtures & Fittings - 20% on cost
Motor vehicles - 20% 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 INDUSTRIES LIMITED (REGISTERED NUMBER: 03396047)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


2. ACCOUNTING POLICIES - continued

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.

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 16 (2024 - 18 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Fixtures Motor
leasehold machinery & Fittings vehicles Totals
£    £    £    £    £   
Cost
At 1 February 2024 2,691 872,842 19,336 39,831 934,700
Additions - 194,658 421 - 195,079
At 31 January 2025 2,691 1,067,500 19,757 39,831 1,129,779
Depreciation
At 1 February 2024 2,691 700,300 18,313 25,401 746,705
Charge for year - 95,511 295 4,223 100,029
At 31 January 2025 2,691 795,811 18,608 29,624 846,734
Net book value
At 31 January 2025 - 271,689 1,149 10,207 283,045
At 31 January 2024 - 172,542 1,023 14,430 187,995

PROACTIVE INDUSTRIES LIMITED (REGISTERED NUMBER: 03396047)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
Cost
At 1 February 2024 418,954
Additions 192,495
At 31 January 2025 611,449
Depreciation
At 1 February 2024 277,199
Charge for year 83,121
At 31 January 2025 360,320
Net book value
At 31 January 2025 251,129
At 31 January 2024 141,755

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 259,583 268,851
Other debtors 10,088 7,149
269,671 276,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 11,304 11,681
Hire purchase contracts 84,422 58,476
Trade creditors 116,185 158,880
Taxation and social security 71,890 89,174
Other creditors 107,630 107,413
391,431 425,624

PROACTIVE INDUSTRIES LIMITED (REGISTERED NUMBER: 03396047)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 4,717 15,650
Hire purchase contracts 155,576 81,602
160,293 97,252