Proud Events Ltd - Accounts

Proud Events Ltd
Statement of Financial Position
As at 31 December 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	720	1,476
		720	1,476
Current assets
Debtors	4	84,256	140,131
Cash at bank and in hand		(9,692)	(11,324)
		74,564	128,807
Creditors: amount falling due within one year	5	(74,294)	(130,618)
Net current assets		270	(1,811)

Total assets less current liabilities		990	(335)
Provisions for liabilities	6	(209)	(345)
Net assets		781	(680)

Capital and reserves
Called up share capital		100	100
Profit and loss account		681	(780)
Shareholders' funds		781	(680)

For the year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 22 September 2026 and were signed on its behalf by:

-------------------------------
Harry Feigen
Director

Proud Events Ltd
Notes to the Financial Statements
For the year ended 31 December 2025

General Information

Proud Events Ltd is a private company, limited by shares, registered in England and Wales, registration number 09339730, registration address Unit 14, Princeton Mews. , 167 London Road. , Kingston Upon Thames. , KT2 6PT. .

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	33% Straight Line
Motor Vehicles	20% Straight Line
Fixtures and Fittings	20% Straight Line
Computer Equipment	25% Straight Line

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 4 (2024 : 5).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£
At 01 January 2025	4,559	-	5,100	12,772	22,431
Additions	-	-	-	-	-
Disposals	-	-	-	-	-
At 31 December 2025	4,559	-	5,100	12,772	22,431
Depreciation
At 01 January 2025	3,815	-	4,953	12,188	20,956
Charge for year	516	-	93	146	755
On disposals	-	-	-	-	-
At 31 December 2025	4,331	-	5,046	12,334	21,711
Net book values
Closing balance as at 31 December 2025	228	-	54	438	720
Opening balance as at 01 January 2025	1,423	-	(531)	584	1,476

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	13,351	30,737
Amount Owed by Group Undertakings	0	20,462
Accrued Income	41,813	56,836
Directors' Current Accounts	10,288	10,600
Directors Loan Account 2	7,998	10,378
Directors Loan Account 3	10,806	11,118
	84,256	140,131

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	38,256	75,305
Bank Loans & Overdrafts (Secured)	0	9,348
Corporation Tax	15,663	28,122
PAYE & Social Security	0	2,128
Other Creditors	5,500	0
Pension Control Account	0	402
VAT	14,875	15,313
	74,294	130,618

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	209		345
	209		345