REGISTERED NUMBER: 10410972 (England and Wales)

PROXIMITY RECRUITMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J W F Thomas

REGISTERED OFFICE:

15 High Street

Brackley

Northamptonshire

NN13 7DH

REGISTERED NUMBER:

10410972 (England and Wales)

ACCOUNTANTS:

Blencowes

15 High Street

Brackley

Northamptonshire

NN13 7DH

FIXED ASSETS

Intangible assets

4

1,768

2,210

Tangible assets

5

2,268

1,209

Investments

6

63

7,189

4,099

10,608

CURRENT ASSETS

Debtors

7

98,951

102,630

Prepayments and accrued income

-

2,588

Cash at bank

9,432

7,692

108,383

112,910

CREDITORS

Amounts falling due within one year

8

37,270

22,579

NET CURRENT ASSETS

71,113

90,331

TOTAL ASSETS LESS CURRENT LIABILITIES

75,212

100,939

PROVISIONS FOR LIABILITIES

(567

)

(303

)

ACCRUALS AND DEFERRED INCOME

(2,280

)

(1,542

)

NET ASSETS

72,365

99,094

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

72,265

98,994

SHAREHOLDERS' FUNDS

72,365

99,094

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 3 December 2025 and were signed by:

Mr J W F Thomas - Director

1.	STATUTORY INFORMATION

Proximity Recruitment 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.

The presentation currency of the financial statements is rounded to the nearest pound sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on Cost

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 taxation

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.

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 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

10,545

AMORTISATION

At 1 April 2024

8,335

Charge for year

442

At 31 March 2025

8,777

NET BOOK VALUE

At 31 March 2025

1,768

At 31 March 2024

2,210

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

543

1,802

2,345

Additions

1,909

-

1,909

At 31 March 2025

2,452

1,802

4,254

DEPRECIATION

At 1 April 2024

181

955

1,136

Charge for year

567

283

850

At 31 March 2025

748

1,238

1,986

NET BOOK VALUE

At 31 March 2025

1,704

564

2,268

At 31 March 2024

362

847

1,209

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

7,189

Additions

1,215

Disposals

(8,341

)

At 31 March 2025

63

NET BOOK VALUE

At 31 March 2025

63

At 31 March 2024

7,189

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2024

832

Cost

(769

)

63

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,122

583

Other debtors

66,776

76,738

Directors' current accounts

31,053

25,309

98,951

102,630

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Preference shares

15

15

Trade creditors

18,500

54

Tax

12,527

18,602

VAT

6,228

3,860

Other creditors

-

48

37,270

22,579

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr J W F Thomas

Balance outstanding at start of year

25,309

14,862

Amounts advanced

32,444

97,817

Amounts repaid

(26,700

)

(87,370

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

31,053

25,309

For the year ended 31 March 2025 the overdrawn Director's Loan Account was repaid in full on 28 November 2025.