PROMAX LIMITED


Directors	BROMLEY, David
	PIKE, Chilton Leonard


Registered Address	Old Granary
	Dunton Road
	Basildon
	SS15 4DB


Registered Number	09989064 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		37,680		50,920
Tangible assets	4		19,464		16,291
			57,144		67,211
Current assets
Stocks		104,854		58,133
Debtors	5	70,148		31,626
Cash at bank and on hand		77,867		125,791
		252,869		215,550
Creditors amounts falling due within one year	6	(68,581)		(68,653)
Net current assets (liabilities)			184,288		146,897
Total assets less current liabilities			241,432		214,108
Creditors amounts falling due after one year	7		(189,386)		(203,486)
Net assets			52,046		10,622
Capital and reserves
Called up share capital			82		82
Share premium			9,990		9,990
Profit and loss account			41,974		550
Shareholders' funds			52,046		10,622

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 30 September 2025, and are signed on its behalf by:

PIKE, Chilton Leonard
Director
Registered Company No. 09989064

PROMAX LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intantgible assets are stated at cost or valuation less amortisation. Amortisation is provided on all intangible assets on a straight line basis of 10%.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Fixtures and fittings	25
	Vehicles	25

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	7		6

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 January 24	140,400
	At 31 December 24	140,400
	Amortisation and impairment
	At 01 January 24	89,480
	Charge for year	13,240
	At 31 December 24	102,720
	Net book value
	At 31 December 24	37,680
	At 31 December 23	50,920

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 24	94,023
	Additions	8,354
	At 31 December 24	102,377
	Depreciation and impairment
	At 01 January 24	77,732
	Charge for year	5,181
	At 31 December 24	82,913
	Net book value
	At 31 December 24	19,464
	At 31 December 23	16,291

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	68,717	24,838
Prepayments and accrued income	1,431	6,788
Total	70,148	31,626


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	7,501	10,164
Bank borrowings and overdrafts	8,963	8,525
Taxation and social security	51,970	49,825
Other creditors	147	139
Total	68,581	68,653


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Other creditors	189,386	203,486
Total	189,386	203,486


	Long term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.