Registration number: 13481316

Proven Acknowledged Trades Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Proven Acknowledged Trades Ltd

Company Information

Director

Mr J Horan

Registered office

12 Brember Road Harrow Middlesex HA2 8AX

Accountants

Sterling Grove Accountants Limited Chartered Certified AccountantsFawley House 2 Regatta Place Marlow Road Bourne End Buckinghamshire SL8 5TD

Proven Acknowledged Trades Ltd

(Registration number: 13481316)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	3,447	1,007
Current assets
Stocks	5	5,222	2,730
Debtors	6	830,479	1,340,382
Cash at bank and in hand		202,881	320,906
		1,038,582	1,664,018
Creditors: Amounts falling due within one year	7	(263,875)	(1,024,644)
Net current assets		774,707	639,374
Net assets		778,154	640,381
Capital and reserves
Called up share capital		1	1
Retained earnings		778,153	640,380
Shareholders' funds		778,154	640,381

For the financial period ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 August 2026
 

......................................... Mr J Horan Director

Proven Acknowledged Trades Ltd

Notes to the Unaudited Financial Statements for the Period from 30 June 2024 to 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
12 Brember Road
Harrow
Middlesex
HA2 8AX

These financial statements were authorised for issue by the director on 27 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when:The amount of revenue can be reliably measured;it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Proven Acknowledged Trades Ltd

Notes to the Unaudited Financial Statements for the Period from 30 June 2024 to 31 August 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	33% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Proven Acknowledged Trades Ltd

Notes to the Unaudited Financial Statements for the Period from 30 June 2024 to 31 August 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 3 (2024 - 3).

Proven Acknowledged Trades Ltd

Notes to the Unaudited Financial Statements for the Period from 30 June 2024 to 31 August 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 30 June 2024	1,343	1,343
Additions	3,185	3,185
At 31 August 2025	4,528	4,528
Depreciation
At 30 June 2024	336	336
Charge for the period	745	745
At 31 August 2025	1,081	1,081
Carrying amount
At 31 August 2025	3,447	3,447
At 29 June 2024	1,007	1,007

5

Stocks

	2025 £	2024 £
Other inventories	5,222	2,730

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		323,086	780,399
Amounts owed by related parties	8	424,209	533,265
Prepayments		-	5,000
Other debtors		83,184	21,718
		830,479	1,340,382

Proven Acknowledged Trades Ltd

Notes to the Unaudited Financial Statements for the Period from 30 June 2024 to 31 August 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		137,481	301,794
Amounts owed to related parties	8	38,329	-
Taxation and social security		74,449	328,669
Accruals and deferred income		7,500	3,923
Other creditors		6,116	390,258
		263,875	1,024,644

8	Related party transactions

Transactions with the director

2025	At 30 June 2024 £	Advances to director £	Repayments by director £	At 31 August 2025 £
Mr J Horan
Advance	(268)	142,228	(80,000)	61,960

Loans to related parties

2025	Other related parties £	Total £
At start of period	533,265	533,265
Repaid	(109,056)	(109,056)
At end of period	424,209	424,209

Terms of loans to related parties

Loans are interest free and repayable on demand

Proven Acknowledged Trades Ltd

Notes to the Unaudited Financial Statements for the Period from 30 June 2024 to 31 August 2025

Loans from related parties

2025	Other related parties £	Total £
Advanced	38,329	38,329
At end of period	38,329	38,329

Terms of loans from related parties

Loans are interest free and repayable on demand