Proactium Consulting Ltd - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: 08837625 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2016

FOR

PROACTIUM CONSULTING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

Mr K P Flynn

Ms L M Harris

SECRETARY:

Ms L M Harris

REGISTERED OFFICE:

1st Floor

Chilworth Point

1 Chilworth Road

Southampton

Hampshire

SO16 7JQ

REGISTERED NUMBER:

08837625 (England and Wales)

ACCOUNTANTS:

Rothman Pantall LLP

Chartered Accountants

Chilworth Point

1 Chilworth Road

Southampton

SO16 7JQ

FIXED ASSETS

Tangible assets

4

1,628

985

CURRENT ASSETS

Debtors: amounts falling due within one year

5

9,900

2,700

Cash at bank

57,527

31,744

67,427

34,444

CREDITORS

Amounts falling due within one year

6

45,122

26,585

NET CURRENT ASSETS

22,305

7,859

TOTAL ASSETS LESS CURRENT LIABILITIES

23,933

8,844

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

23,833

8,744

SHAREHOLDERS' FUNDS

23,933

8,844

23,933

8,844

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 August 2016 and were signed on its behalf by:

Mr K P Flynn - Director

1.	STATUTORY INFORMATION

Proactium Consulting Ltd 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.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

CHANGES IN ACCOUNTING POLICIES

These financial statements for the year ended 31 January 2016 are the first financial statements that comply with

FRS 102 Section 1A small entities. The date of transition is 9 January 2014. The principal accounting policies

adopted in the preparation of the financial statements have remained unchanged from the previous year and

also have been consistently applied within the same accounts.

TURNOVER

Turnover is the amount derived from the provision of consultancy services and ancillary resources.

Turnover is recognised in the financial statements once the company has the right to charge for the services

performed and the consideration for those services can be reliably measured.

REVENUE RECOGNITION

Revenue is recognised when it is probable that transactions will generate future economic benefits that will flow

to the company and revenue can be reliably estimated.

TANGIBLE FIXED ASSETS

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

Computer equipment

-

25% on cost

SHORT TERM DEBTORS AND CREDITORS

Debtors and creditors receivable and payable within one year or upon demand are recorded at transaction price

whether or not a rate of interest is charged on the balance. Any losses arising from impairment are recognised

in the income statement in other operating expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 February 2015

1,314

Additions

1,295

At 31 January 2016

2,609

DEPRECIATION

At 1 February 2015

329

Charge for year

652

At 31 January 2016

981

NET BOOK VALUE

At 31 January 2016

1,628

At 31 January 2015

985

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

9,600

2,400

Other debtors

300

300

9,900

2,700

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

-

1,071

Tax

9,331

4,115

Directors' current accounts

33,351

18,959

Accrued expenses

2,440

2,440

45,122

26,585

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

8.

CONTROL

The company is under the control of the directors, Mr K P Flynn and Ms L M Harris.

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Proactium Consulting Ltd for the year ended 31 January 2016 which comprise the Income

statement, Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Proactium Consulting Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Proactium Consulting Ltd and state those matters that we have agreed to state to the Board of Directors of Proactium Consulting Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Proactium Consulting Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Proactium Consulting Ltd. You consider that Proactium Consulting Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Proactium Consulting Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothman Pantall LLP

Chartered Accountants

Chilworth Point

1 Chilworth Road

Southampton

SO16 7JQ

Date: .............................................