Company registration number 08544723 (England and Wales)
PROCEED SOLUTIONS LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PROCEED SOLUTIONS LTD
COMPANY INFORMATION
Directors
Mr M A Day
Mr B B Richards
Mr T B Richards
(Appointed 23 September 2025)
Company number
08544723
Registered office
Unit 15a
Vicarage Farm Business Park
Winchester Road
Fair Oak
Hampshire
England
SO50 7HD
Auditor
James Todd and Co Limited
Drayton House
Drayton Lane
Chichester
West Sussex
England
PO20 2EW
PROCEED SOLUTIONS LTD
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3
Directors' responsibilities statement
4
Independent auditor's report
5 - 7
Statement of comprehensive income
8
Balance sheet
9
Statement of changes in equity
10
Statement of cash flows
11
Notes to the financial statements
12 - 24
PROCEED SOLUTIONS LTD
STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
- 1 -

The directors present the strategic report for the year ended 31 August 2025.

Review of the business

The company provides highly professional cleaning and support services with a high emphasis on innovation to direct customers and via Property Management organisations focussing on the recruitment, training and retention of motivated ethically employed staff and a customer-facing professional, well-motivated management structure to provide outstanding levels of client service and to help deliver our “best in class” aspirations.

Goals and Objectives

We are focussed on producing environments that are safe, clean and hygienic for our clients, their staff, customers and visitors. We achieve our goals of enhancing the quality of daily working life by delivering outstanding standards through our highly experienced management team and through ethical employment and a sustainable supply chain.

Principal Risks

The principal risks are:

The potential shortage of available candidates for the cleaning sector. We are delighted to report that over 95% of our cleaning colleagues are paid the real living wage, this has assisted recruitment and retention dramatically.

Competition in the marketplace and the general UK economic performance.

Employee Engagement

To improve our employee engagement we have introduced some unique benefits and engagement technology, these include but are not limited to – a quarterly e-newsletter “ProcEcho” to provide employees with a common awareness of company news, bridging loans, an online training package “ProHub”, and workspace technology “Deputy”.

The Management team also have bonus schemes in place allowing them to influence and share in profits.

The company regularly consults with employees on their interest and decisions that will affect them.

Disabled persons

The company policy on hiring, continuing employment and training, career development and promotion for disabled persons is operated where possible and appropriate without discrimination.

Review of the Year

We have had high level of success with our sales, this year, seeing an increase by some 38.7% whilst improving customer retention and profit margins.

202 5 202 4

Gross Profit Margin 22.39% 22.12%

The Board of Directors are satisfied with the year-end position, given that the company maintains a high level of liquidity with minimum borrowings and an excellent sales pipeline.

The company is quite simply going from strength to strength and has no potential bad debtors and maintains its financing without any borrowing,

Future Outlook

The coming financial year we will see significant growth and profit levels retention and the expectation of a further growth of circa 33%, Our Management are highly motivated and take a share in the company’s profits, we have gained strong relationships with Property Management clients and have attained tier 1 contractor approval.

PROCEED SOLUTIONS LTD
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -

On behalf of the board

.............................................
Mr M A Day
Director
Date: .............................................
PROCEED SOLUTIONS LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -

The directors present their annual report and financial statements for the year ended 31 August 2025.

Principal activities

The principal activity of the company continued to be that of cleaning of commercial property.

Results and dividends

The results for the year are set out on page 8.

Ordinary dividends were paid amounting to £1,000. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr M A Day
Mr B B Richards
Mr T B Richards
(Appointed 23 September 2025)
Auditor

James Todd and Co Limited were appointed as auditor to the company and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr M A Day
Mr B B Richards
Director
Director
22 May 2026
PROCEED SOLUTIONS LTD
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2025
- 4 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

PROCEED SOLUTIONS LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF PROCEED SOLUTIONS LTD
- 5 -
Opinion

We have audited the financial statements of Proceed Solutions Ltd (the 'company') for the year ended 31 August 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 August 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

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 Auditor's 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.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

PROCEED SOLUTIONS LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF PROCEED SOLUTIONS LTD (CONTINUED)
- 6 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

As part of an audit in accordance with ISAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control.

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

- Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.

- Evaluate the overall presentation, structure and content of the financial statements, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

PROCEED SOLUTIONS LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF PROCEED SOLUTIONS LTD (CONTINUED)
- 7 -

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Julie Watts FCCA ACA (Senior Statutory Auditor)
For and on behalf of James Todd and Co Limited, Statutory Auditor
Chartered Accountants
Drayton House
Drayton Lane
Chichester
West Sussex
PO20 2EW
England
22 May 2026
PROCEED SOLUTIONS LTD
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 AUGUST 2025
- 8 -
2025
2024
Notes
£
£
Turnover
3
17,693,679
15,097,709
Cost of sales
(13,731,359)
(11,758,219)
Gross profit
3,962,320
3,339,490
Administrative expenses
(3,557,259)
(3,090,275)
Operating profit
6
405,061
249,215
Interest receivable and similar income
7
6,554
13,059
Interest payable and similar expenses
8
(59,754)
(37,116)
Profit before taxation
351,861
225,158
Tax on profit
9
(93,292)
(40,757)
Profit for the financial year
258,569
184,401

The profit and loss account has been prepared on the basis that all operations are continuing operations.

PROCEED SOLUTIONS LTD
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
11
810,824
698,326
Current assets
Debtors
12
3,396,487
2,902,943
Cash at bank and in hand
1,241,331
863,520
4,637,818
3,766,463
Creditors: amounts falling due within one year
14
(3,809,599)
(3,515,289)
Net current assets
828,219
251,174
Total assets less current liabilities
1,639,043
949,500
Creditors: amounts falling due after more than one year
15
(616,113)
(222,201)
Provisions for liabilities
Deferred tax liability
18
183,299
145,237
(183,299)
(145,237)
Net assets
839,631
582,062
Capital and reserves
Called up share capital
20
100
100
Profit and loss reserves
839,531
581,962
Total equity
839,631
582,062

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 22 May 2026 and are signed on its behalf by:
Mr M A Day
Mr B B Richards
Director
Director
Company Registration No. 08544723
PROCEED SOLUTIONS LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2025
- 10 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 September 2023
100
398,561
398,661
Year ended 31 August 2024:
Profit and total comprehensive income
-
184,401
184,401
Dividends
10
-
(1,000)
(1,000)
Balance at 31 August 2024
100
581,962
582,062
Year ended 31 August 2025:
Profit and total comprehensive income
-
258,569
258,569
Dividends
10
-
(1,000)
(1,000)
Balance at 31 August 2025
100
839,531
839,631
PROCEED SOLUTIONS LTD
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2025
- 11 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
26
308,240
431,256
Interest paid
(59,754)
(37,116)
Income taxes paid
(25,329)
(75,742)
Net cash inflow from operating activities
223,157
318,398
Investing activities
Purchase of tangible fixed assets
(394,904)
(311,584)
Proceeds from disposal of tangible fixed assets
59,235
1
Interest received
6,554
13,059
Net cash used in investing activities
(329,115)
(298,524)
Financing activities
Repayment of bank loans
400,042
-
0
Payment of finance leases obligations
84,727
40,257
Dividends paid
(1,000)
(1,000)
Net cash generated from financing activities
483,769
39,257
Net increase in cash and cash equivalents
377,811
59,131
Cash and cash equivalents at beginning of year
863,520
804,389
Cash and cash equivalents at end of year
1,241,331
863,520
PROCEED SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 12 -
1
Accounting policies
Company information

Proceed Solutions Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 15a, Vicarage Farm Business Park, Winchester Road, Fair Oak, Hampshire, England, SO50 7HD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
6.67% on cost
Leasehold improvements
6.67% on cost
Plant and equipment
25% on reducing balance
Fixtures and fittings
25% on cost
Computers
25% on cost
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

PROCEED SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 13 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

PROCEED SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 14 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are s ubsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

PROCEED SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 15 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

PROCEED SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 16 -
3
Turnover and other revenue
2025
2024
£
£
Other revenue
Interest income
6,554
13,059
4
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Cost of sales staff
962
1,131
Management / administration staff
30
25
Total
992
1,156

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
12,962,352
10,985,006
Social security costs
1,049,974
705,260
Pension costs
232,965
276,092
14,245,291
11,966,358
5
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
511,703
544,414
Company pension contributions to defined contribution schemes
6,585
73,825
518,288
618,239

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 2 (202 4 - 2).

Remuneration disclosed above include the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
276,600
276,600
Company pension contributions to defined contribution schemes
-
35,000
PROCEED SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 17 -
6
Operating profit
2025
2024
Operating profit for the year is stated after charging:
£
£
Fees payable to the company's auditor for the audit of the company's financial statements
10,750
5,000
Depreciation of owned tangible fixed assets
220,902
183,845
Loss on disposal of tangible fixed assets
2,269
79
Operating lease charges
66,569
46,866
7
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
6,554
13,059
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
6,554
13,059
8
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost
Interest on invoice finance arrangements
2,318
2,661
Other interest on financial liabilities
567
564
2,885
3,225
Other finance costs
Interest on finance leases and hire purchase contracts
56,869
33,891
59,754
37,116
9
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
55,231
25,330
Deferred tax
Origination and reversal of timing differences
38,061
15,427
Total tax charge
93,292
40,757
PROCEED SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
9
Taxation
(Continued)
- 18 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
351,861
225,158
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
87,965
56,290
Tax effect of expenses that are not deductible in determining taxable profit
5,610
32,078
Permanent capital allowances in excess of depreciation
(38,755)
(60,933)
Tax at marginal rate
411
(2,105)
Deferred taxation
38,061
15,427
Taxation charge for the year
93,292
40,757
10
Dividends
2025
2024
2025
2024
Per share
Per share
Total
Total
£
£
£
£
Ordinary
Interim paid
10.00
10.00
1,000
1,000
PROCEED SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 19 -
11
Tangible fixed assets
Leasehold land and buildings
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
£
Cost
At 1 September 2024
2,980
11,037
82,993
10,413
44,817
935,264
1,087,504
Additions
-
0
-
0
12,661
550
14,382
367,311
394,904
Disposals
-
0
-
0
-
0
-
0
-
0
(127,339)
(127,339)
At 31 August 2025
2,980
11,037
95,654
10,963
59,199
1,175,236
1,355,069
Depreciation and impairment
At 1 September 2024
306
941
48,006
7,287
20,122
312,516
389,178
Depreciation charged in the year
199
736
11,099
1,437
11,015
196,416
220,902
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
-
0
(65,835)
(65,835)
At 31 August 2025
505
1,677
59,105
8,724
31,137
443,097
544,245
Carrying amount
At 31 August 2025
2,475
9,360
36,549
2,239
28,062
732,139
810,824
At 31 August 2024
2,674
10,096
34,987
3,126
24,695
622,748
698,326
PROCEED SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
11
Tangible fixed assets
(Continued)
- 20 -

The carrying value of land and buildings comprises:

Stamp Duty Land Tax and legal fees on short term leasehold property.

2025
2024
£
£
Short leasehold
2,475
2,674

Included within tangible fixed assets are assets held under finance leases or hire purchase contracts, as follows:

2025
2024
£
£
Motor vehicles
732,139
573,116
12
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
3,275,886
2,810,266
Other debtors
16,779
6,240
Prepayments and accrued income
103,822
86,437
3,396,487
2,902,943
2025
2024
£
£
14
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Pension scheme loan
16
64,285
-
0
Obligations under finance leases
17
222,062
195,490
Trade creditors
568,374
553,780
Corporation tax
55,231
25,330
Other taxation and social security
1,189,290
1,141,377
Other creditors
1,119,001
1,256,286
Accruals and deferred income
591,356
343,026
3,809,599
3,515,289

The finance lease liabilities are secured over the assets to which they relate.

PROCEED SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 21 -
15
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Pension scheme loan
16
335,757
-
0
Obligations under finance leases
17
280,356
222,201
616,113
222,201
16
Loans and overdrafts
2025
2024
£
£
Pension scheme loan
400,042
-
0
Payable within one year
64,285
-
0
Payable after one year
335,757
-
0

The pension scheme loan is secured on assets held by the company.

17
Finance lease obligations
2025
2024
Amounts due:
£
£
Within one year
222,062
195,490
After more than one year
280,356
222,201
502,418
417,691
2025
2024
Future minimum lease payments due under finance leases:
£
£
Within one year
247,112
195,490
In two to five years
255,306
222,201
502,418
417,691

Finance lease payments represent rentals payable by the company for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 3 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

PROCEED SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 22 -
18
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
183,299
145,237
2025
Movements in the year:
£
Liability at 1 September 2024
145,237
Charge to profit or loss
38,062
Liability at 31 August 2025
183,299
19
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
232,965
276,092

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

20
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
21
Operating lease commitments
As lessee

PROCEED SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
21
Operating lease commitments
(Continued)
- 23 -

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within 1 year
59,373
50,024
Years 2-5
172,773
96,667
After 5 years
300,000
340,000
532,146
486,691
22
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

During the year, purchases of £11 1,650 were made to a related party, Lee Day (2024: £115,4 2 7). There was a balance of £9,45 0 owing to Lee Day at the end of the year (2024: £62,0 00).

During the year, purchases of £Nil were made to a related party, ThreeGuru Ltd (2024: £6,81 0). There was a balance of £Nil owing to ThreeGuru Ltd at the end of the year (2024: £Nil).

23
Capital commitments

Amounts contracted for but not provided in the financial statements:

2025
2024
£
£
Acquisition of tangible fixed assets
42,449
36,105
24
Directors' transactions

Dividends totalling £1,000 (20 24 - £1,000) were paid in the year in respect of shares held by the company's directors.

PROCEED SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 24 -
25
Analysis of changes in net debt
2025
£
Opening net funds/(debt)
Cash at bank and in hand
863,520
Lease liabilities
(417,691)
445,829
Changes in net debt arising from:
Cash flows of the entity
(106,958)
Closing net funds/(debt) as analysed below
338,871
Closing net funds/(debt)
Cash at bank and in hand
1,241,331
Borrowings excluding overdrafts
(400,042)
Lease liabilities
(502,418)
338,871
26
Cash generated from operations
2025
2024
£
£
Profit after taxation
258,569
184,401
Adjustments for:
Taxation charged
93,292
40,757
Finance costs
59,754
37,116
Investment income
(6,554)
(13,059)
Loss on disposal of tangible fixed assets
2,269
79
Depreciation and impairment of tangible fixed assets
220,902
183,844
Movements in working capital:
Increase in debtors
(493,544)
(749,039)
Increase in creditors
173,552
747,157
Cash generated from operations
308,240
431,256
2025-08-31 2024-09-01 false false false CCH Software CCH Accounts Production 2026.100 Mr M A Day Mr B B Richards Mr T B Richards 08544723 2024-09-01 2025-08-31 08544723 bus:Director1 2024-09-01 2025-08-31 08544723 bus:Director2 2024-09-01 2025-08-31 08544723 bus:Director3 2024-09-01 2025-08-31 08544723 bus:RegisteredOffice 2024-09-01 2025-08-31 08544723 2025-08-31 08544723 2023-09-01 2024-08-31 08544723 core:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 08544723 core:RetainedEarningsAccumulatedLosses 2024-09-01 2025-08-31 08544723 2024-08-31 08544723 core:LandBuildings 2025-08-31 08544723 core:LeaseholdImprovements 2025-08-31 08544723 core:PlantMachinery 2025-08-31 08544723 core:FurnitureFittings 2025-08-31 08544723 core:ComputerEquipment 2025-08-31 08544723 core:MotorVehicles 2025-08-31 08544723 core:LandBuildings 2024-08-31 08544723 core:LeaseholdImprovements 2024-08-31 08544723 core:PlantMachinery 2024-08-31 08544723 core:FurnitureFittings 2024-08-31 08544723 core:ComputerEquipment 2024-08-31 08544723 core:MotorVehicles 2024-08-31 08544723 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 08544723 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 08544723 core:Non-currentFinancialInstruments core:AfterOneYear 2025-08-31 08544723 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 08544723 core:Non-currentFinancialInstruments 2025-08-31 08544723 core:Non-currentFinancialInstruments 2024-08-31 08544723 core:ShareCapital 2025-08-31 08544723 core:ShareCapital 2024-08-31 08544723 core:RetainedEarningsAccumulatedLosses 2025-08-31 08544723 core:RetainedEarningsAccumulatedLosses 2024-08-31 08544723 core:ShareCapital 2023-08-31 08544723 core:RetainedEarningsAccumulatedLosses 2023-08-31 08544723 core:ShareCapitalOrdinaryShareClass1 2025-08-31 08544723 core:ShareCapitalOrdinaryShareClass1 2024-08-31 08544723 1 2024-09-01 2025-08-31 08544723 1 2023-09-01 2024-08-31 08544723 2024-08-31 08544723 2023-08-31 08544723 core:LandBuildings core:LongLeaseholdAssets 2024-09-01 2025-08-31 08544723 core:LeaseholdImprovements 2024-09-01 2025-08-31 08544723 core:PlantMachinery 2024-09-01 2025-08-31 08544723 core:FurnitureFittings 2024-09-01 2025-08-31 08544723 core:ComputerEquipment 2024-09-01 2025-08-31 08544723 core:MotorVehicles 2024-09-01 2025-08-31 08544723 core:UKTax 2024-09-01 2025-08-31 08544723 core:UKTax 2023-09-01 2024-08-31 08544723 2 2024-09-01 2025-08-31 08544723 2 2023-09-01 2024-08-31 08544723 bus:OrdinaryShareClass1 2024-09-01 2025-08-31 08544723 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 08544723 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-08-31 08544723 core:LeaseholdImprovements 2024-08-31 08544723 core:PlantMachinery 2024-08-31 08544723 core:FurnitureFittings 2024-08-31 08544723 core:ComputerEquipment 2024-08-31 08544723 core:MotorVehicles 2024-08-31 08544723 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-08-31 08544723 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-09-01 2025-08-31 08544723 core:LandBuildings core:ShortLeaseholdAssets 2025-08-31 08544723 core:LandBuildings core:ShortLeaseholdAssets 2024-08-31 08544723 core:CurrentFinancialInstruments 2025-08-31 08544723 core:CurrentFinancialInstruments 2024-08-31 08544723 core:WithinOneYear 2025-08-31 08544723 core:WithinOneYear 2024-08-31 08544723 core:BetweenTwoFiveYears 2025-08-31 08544723 core:BetweenTwoFiveYears 2024-08-31 08544723 bus:OrdinaryShareClass1 2025-08-31 08544723 bus:OrdinaryShareClass1 2024-08-31 08544723 core:MoreThanFiveYears 2025-08-31 08544723 core:MoreThanFiveYears 2024-08-31 08544723 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 08544723 bus:FRS102 2024-09-01 2025-08-31 08544723 bus:Audited 2024-09-01 2025-08-31 08544723 bus:FullAccounts 2024-09-01 2025-08-31 xbrli:pure xbrli:shares iso4217:GBP