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REGISTERED NUMBER: 12118019 (England and Wales)















PDAS Proactive Ltd

Financial Statements for the Period 1 March 2024 to 31 December 2024






PDAS Proactive Ltd (Registered number: 12118019)






Contents of the Financial Statements
for the Period 1 March 2024 to 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PDAS Proactive Ltd

Company Information
for the Period 1 March 2024 to 31 December 2024







Directors: J Attwood-Jones
L Beattie
P J Lewington
P Warner





Registered office: Building 4.6 Hitech
Frimley 4 Business Park
Camberley
GU16 7SG





Registered number: 12118019 (England and Wales)





Auditors: Menzies LLP, Statutory Auditors
5th Floor Hodge House
114-116 St Mary Street
Cardiff
CF10 1DY

PDAS Proactive Ltd (Registered number: 12118019)

Balance Sheet
31 December 2024

2024 2024
Notes £    £   
Fixed assets
Tangible assets 4 43,045 43,728

Current assets
Debtors 5 3,292,211 2,024,432
Cash at bank 2,973,433 2,965,316
6,265,644 4,989,748
Creditors
Amounts falling due within one year 6 (4,250,664 ) (2,833,586 )
Net current assets 2,014,980 2,156,162
Total assets less current liabilities 2,058,025 2,199,890

Provisions for liabilities (8,915 ) (10,709 )
Net assets 2,049,110 2,189,181

Capital and reserves
Called up share capital 8 2 2
Retained earnings 2,049,108 2,189,179
Shareholders' funds 2,049,110 2,189,181

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 7 August 2025 and were signed on its behalf by:





P Warner - Director


PDAS Proactive Ltd (Registered number: 12118019)

Notes to the Financial Statements
for the Period 1 March 2024 to 31 December 2024

1. Statutory information

PDAS Proactive 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Taxation
Taxation for the period 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 period 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 period was 23 (2024 - 22 ) .

PDAS Proactive Ltd (Registered number: 12118019)

Notes to the Financial Statements - continued
for the Period 1 March 2024 to 31 December 2024

4. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 March 2024 38,109 15,500 53,609
Additions 4,546 8,700 13,246
At 31 December 2024 42,655 24,200 66,855
Depreciation
At 1 March 2024 2,777 7,104 9,881
Charge for period 8,887 5,042 13,929
At 31 December 2024 11,664 12,146 23,810
Net book value
At 31 December 2024 30,991 12,054 43,045
At 29 February 2024 35,332 8,396 43,728

5. Debtors: amounts falling due within one year
2024 2024
£    £   
Trade debtors 1,220,604 1,095,635
Amounts owed by group undertakings 1,985,592 836,924
Other debtors 86,015 91,873
3,292,211 2,024,432

6. Creditors: amounts falling due within one year
2024 2024
£    £   
Bank loans and overdrafts 40 -
Trade creditors 279,569 918,090
Amounts owed to group undertakings 2,348,151 -
Taxation and social security 272,173 356,127
Other creditors 1,350,731 1,559,369
4,250,664 2,833,586

7. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2024
£    £   
Within one year 129,500 -
Between one and five years 142,766 -
272,266 -

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2024
value: £    £   
2 Ordinary 2 2 2

PDAS Proactive Ltd (Registered number: 12118019)

Notes to the Financial Statements - continued
for the Period 1 March 2024 to 31 December 2024

9. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was qualified on the following basis:

Basis for Qualified Opinion
A qualified opinion is necessary as we have been unable to obtain sufficient appropriate audit evidence concerning opening balances. The financial statements for PDAS Proactive Ltd for year end 29 February 2024 were not audited and were not required to be audited, but an audit is required for the period ended 31 December 2024, as the company is a material component of the group audit of Vestum AB.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law.Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the
financial statements section of our report. We are independent of the company in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Clive Edwards (Senior Statutory Auditor)
for and on behalf of Menzies LLP, Statutory Auditors

10. Ultimate controlling party

The immediate parent company is PDAS Holdings Ltd. The ultimate parent company is Vestum AB (publ), incorporated in Sweden.