Proactive Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02834519 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 July 2015

for

Proactive Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C Graham

A Graham

SECRETARY:

A Graham

REGISTERED OFFICE:

Ascentia House

Lyndhurst Road

South Ascot

Berkshire

SL5 9ED

REGISTERED NUMBER:

02834519 (England and Wales)

ACCOUNTANTS:

Mehta & Company

Chartered Certified Accountants

Ascentia House

Lyndhurst Road

South Ascot

Berkshire

SL5 9ED

FIXED ASSETS

Tangible assets

2

9,321

11,109

CURRENT ASSETS

Debtors

1,723

127,651

Cash at bank

310,896

260,573

312,619

388,224

CREDITORS

Amounts falling due within one year

34,393

36,346

NET CURRENT ASSETS

278,226

351,878

TOTAL ASSETS LESS CURRENT LIABILITIES

287,547

362,987

PROVISIONS FOR LIABILITIES

1,020

1,291

NET ASSETS

286,527

361,696

CAPITAL AND RESERVES

Called up share capital

3

12,500

12,500

Profit and loss account

274,027

349,196

SHAREHOLDERS' FUNDS

286,527

361,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 April 2016 and were signed on its behalf by:

C Graham - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

46,553

Additions

1,728

At 31 July 2015

48,281

DEPRECIATION

At 1 August 2014

35,444

Charge for year

3,516

At 31 July 2015

38,960

NET BOOK VALUE

At 31 July 2015

9,321

At 31 July 2014

11,109

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

£

50,000

Ordinary

£1

12,500

12,500

50,000 Ordinary shares of £1 each, of which 25% has been called up and paid.

4.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C Graham.