REGISTERED NUMBER: 07418311 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PROUD-ROBINSON LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B J Robinson

A K O Brady

REGISTERED OFFICE:

18 Rock Street

Brighton

England

BN2 1NF

REGISTERED NUMBER:

07418311 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

72,332

56,097

Investments

5

1

1

72,333

56,098

CURRENT ASSETS

Debtors

6

2,403,678

1,417,853

Cash at bank and in hand

958,406

2,050,156

3,362,084

3,468,009

CREDITORS

Amounts falling due within one year

7

(2,062,320

)

(2,294,364

)

NET CURRENT ASSETS

1,299,764

1,173,645

TOTAL ASSETS LESS CURRENT LIABILITIES

1,372,097

1,229,743

CREDITORS

Amounts falling due after more than one year

8

(7,500

)

(17,500

)

PROVISIONS FOR LIABILITIES

(18,083

)

(14,024

)

NET ASSETS

1,346,514

1,198,219

CAPITAL AND RESERVES

Called up share capital

2,162

2,162

Share premium

222,078

222,078

Retained earnings

1,122,274

973,979

SHAREHOLDERS' FUNDS

1,346,514

1,198,219

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.

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 30 September 2025 and were signed on its behalf by:

B J Robinson - Director

1.	STATUTORY INFORMATION

Proud-robinson 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.

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.

Improvements to property

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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

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 27 (2023 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

7,684

50,922

71,027

129,633

Additions

-

5,265

27,252

32,517

At 31 December 2024

7,684

56,187

98,279

162,150

DEPRECIATION

At 1 January 2024

538

45,581

27,417

73,536

Charge for year

770

2,650

12,862

16,282

At 31 December 2024

1,308

48,231

40,279

89,818

NET BOOK VALUE

At 31 December 2024

6,376

7,956

58,000

72,332

At 31 December 2023

7,146

5,341

43,610

56,097

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,717,136

1,246,269

Amounts owed by associates

821

461

Prepayments and accrued income

685,721

171,123

2,403,678

1,417,853

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

326,906

281,017

Amounts owed to associates

495,125

284,188

Tax

178,726

130,729

Social security and other taxes

214,059

172,721

VAT

257,959

252,088

Other creditors

228

-

Directors' loan accounts

100,800

100,950

Accruals and deferred income

444,053

1,061,129

Accrued expenses

34,464

1,542

2,062,320

2,294,364

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

7,500

10,000

Bank loans - 2-5 years

-

7,500

7,500

17,500

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, B J Robinson decreased his loan to the company. As at 31 December 2024, the company owed him £100,800 (2023: £100,950). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

As there is no majority shareholder the company is controlled by the Board.