REGISTERED NUMBER: 07887325 (England and Wales)

Financial statements for the year ended 31 December 2024

For

Proton Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D Kashuba

REGISTERED OFFICE:

Parker Russell Level 30

The Leadenhall Building

122 Leadenhall Street

City of London

EC3C 4AB

REGISTERED NUMBER:

07887325 (England and Wales)

ACCOUNTANTS:

Parker Russell UK

Chartered Accountants

Level 30

The Leadenhall Building

122 Leadenhall Street

City of London

EC3V 4AB

Fixed assets

Tangible assets

4

2,933

689

Current assets

Stocks

288,740

-

Debtors

5

1,448,263

701,895

Cash at bank

2,617,120

1,792,608

4,354,123

2,494,503

Creditors

Amounts falling due within one year

6

2,143,305

368,571

Net current assets

2,210,818

2,125,932

Total assets less current liabilities

2,213,751

2,126,621

Creditors

Amounts falling due after more than one year

7

204,672

158,672

Net assets

2,009,079

1,967,949

Capital and reserves

Called up share capital

8

1,000

1,000

Retained earnings

2,008,079

1,966,949

Shareholders' funds

2,009,079

1,967,949

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 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.

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 25 September 2025 and were signed by:

Mr D Kashuba - Director

1.	STATUTORY INFORMATION

Proton Solutions 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.

STOCKS

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

UAE BRANCH: PROTON SOLUTIONS LTD DWC

The Company operates a branch in the United Arab Emirates under the name Proton Solutions Ltd DWC – Branch, providing information technology services. The branch is not a separate legal entity and functions as an extension of the parent company.

The financial statements of the UAE branch are prepared in accordance with the accounting policies of the parent company, which conform to International Financial Reporting Standards (IFRS). Transactions are recorded in UAE Dirhams (AED). For consolidation purposes, assets and liabilities are translated at the closing exchange rate at the reporting date, and income and expenses are translated at the average exchange rates for the period.

The branch’s profits are subject to UK Corporation Tax in accordance with UK tax regulations. During the year, the branch had transactions with its parent company, including intercompany funding, purchases, conducted on an arm’s length basis.

The branch complies with all applicable regulatory requirements in the UAE, including registration with the UAE Ministry of Economy and VAT filings. The branch is exposed to foreign exchange and economic risks in the UAE, which are monitored and managed by the parent company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

6,713

Additions

2,540

At 31 December 2024

9,253

DEPRECIATION

At 1 January 2024

6,024

Charge for year

296

At 31 December 2024

6,320

NET BOOK VALUE

At 31 December 2024

2,933

At 31 December 2023

689

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,447,122

701,273

Other debtors

1,141

622

1,448,263

701,895

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Metro USD

1,404

1,200

Trade creditors

1,119,210

358,180

Taxation and social security

28,766

9,191

Other creditors

993,925

-

2,143,305

368,571

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

204,672

158,672

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.	ULTIMATE CONTROLLING PARTY