IRIS Accounts Production v23.2.0.158 10278846 director 1.7.22 30.6.23 30.6.23 false true false false true false Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102788462022-06-30102788462023-06-30102788462022-07-012023-06-30102788462021-06-30102788462021-07-012022-06-30102788462022-06-3010278846ns10:Originalns15:EnglandWales2022-07-012023-06-3010278846ns14:PoundSterlingns10:Original2022-07-012023-06-3010278846ns10:Originalns10:Director12022-07-012023-06-3010278846ns10:Original2022-07-012023-06-3010278846ns10:Original2023-06-3010278846ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3010278846ns10:Originalns10:SmallEntities2022-07-012023-06-3010278846ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3010278846ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3010278846ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3010278846ns10:Originalns10:FullAccounts2022-07-012023-06-3010278846ns10:Originalns10:OrdinaryShareClass12022-07-012023-06-3010278846ns10:Originalns10:RegisteredOffice2022-07-012023-06-3010278846ns10:Original2022-06-3010278846ns10:Originalns5:CurrentFinancialInstruments2023-06-3010278846ns10:Originalns5:CurrentFinancialInstruments2022-06-3010278846ns10:Originalns5:Non-currentFinancialInstruments2023-06-3010278846ns10:Originalns5:Non-currentFinancialInstruments2022-06-3010278846ns5:ShareCapitalns10:Original2023-06-3010278846ns5:ShareCapitalns10:Original2022-06-3010278846ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3010278846ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3010278846ns10:Originalns5:PlantMachinery2022-07-012023-06-3010278846ns10:Originalns5:FurnitureFittings2022-07-012023-06-3010278846ns10:Originalns5:MotorVehicles2022-07-012023-06-3010278846ns10:Original2021-07-012022-06-3010278846ns10:Originalns5:LandBuildings2022-06-3010278846ns10:Originalns5:LeaseholdImprovements2022-06-3010278846ns10:Originalns5:PlantMachinery2022-06-3010278846ns10:Originalns5:LandBuildings2022-07-012023-06-3010278846ns10:Originalns5:LeaseholdImprovements2022-07-012023-06-3010278846ns10:Originalns5:LandBuildings2023-06-3010278846ns10:Originalns5:LeaseholdImprovements2023-06-3010278846ns10:Originalns5:PlantMachinery2023-06-3010278846ns10:Originalns5:LandBuildings2022-06-3010278846ns10:Originalns5:LeaseholdImprovements2022-06-3010278846ns10:Originalns5:PlantMachinery2022-06-3010278846ns10:Originalns5:FurnitureFittings2022-06-3010278846ns10:Originalns5:MotorVehicles2022-06-3010278846ns10:Original2022-06-3010278846ns10:Originalns5:FurnitureFittings2023-06-3010278846ns10:Originalns5:MotorVehicles2023-06-3010278846ns10:Originalns5:FurnitureFittings2022-06-3010278846ns10:Originalns5:MotorVehicles2022-06-3010278846ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3010278846ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3010278846ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2023-06-3010278846ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2022-06-3010278846ns10:Originalns5:DeferredTaxation2022-06-3010278846ns10:Originalns5:DeferredTaxation2022-07-012023-06-3010278846ns10:Originalns5:DeferredTaxation2023-06-3010278846ns10:Originalns10:OrdinaryShareClass12023-06-30
REGISTERED NUMBER: 10278846 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2023

FOR

PROTEC PAINTING LTD

PROTEC PAINTING LTD (REGISTERED NUMBER: 10278846)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROTEC PAINTING LTD

COMPANY INFORMATION
for the Year Ended 30th June 2023







DIRECTOR: Mr J Jamison





REGISTERED OFFICE: 4 Clews Road
Redditch
England
B98 7ST





REGISTERED NUMBER: 10278846 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

PROTEC PAINTING LTD (REGISTERED NUMBER: 10278846)

BALANCE SHEET
30th June 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 141,094 130,545

CURRENT ASSETS
Stocks 5 2,500 3,000
Debtors 6 25,261 82,164
Cash at bank 27,301 24,305
55,062 109,469
CREDITORS
Amounts falling due within one year 7 31,618 62,705
NET CURRENT ASSETS 23,444 46,764
TOTAL ASSETS LESS CURRENT LIABILITIES 164,538 177,309

CREDITORS
Amounts falling due after more than one
year

8

(7,616

)

(5,195

)

PROVISIONS FOR LIABILITIES 9 (6,356 ) (4,351 )
NET ASSETS 150,566 167,763

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 150,466 167,663
SHAREHOLDERS' FUNDS 150,566 167,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PROTEC PAINTING LTD (REGISTERED NUMBER: 10278846)

BALANCE SHEET - continued
30th June 2023


The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31st October 2023 and were signed by:





Mr J Jamison - Director


PROTEC PAINTING LTD (REGISTERED NUMBER: 10278846)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2023


1. STATUTORY INFORMATION

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

PROTEC PAINTING LTD (REGISTERED NUMBER: 10278846)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2023


4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1st July 2022 68,777 38,867 482
Additions - - -
Disposals - - -
At 30th June 2023 68,777 38,867 482
DEPRECIATION
At 1st July 2022 - - 324
Charge for year - - 32
Eliminated on disposal - - -
At 30th June 2023 - - 356
NET BOOK VALUE
At 30th June 2023 68,777 38,867 126
At 30th June 2022 68,777 38,867 158

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st July 2022 40 55,345 163,511
Additions - 23,600 23,600
Disposals - (8,052 ) (8,052 )
At 30th June 2023 40 70,893 179,059
DEPRECIATION
At 1st July 2022 27 32,615 32,966
Charge for year 3 11,105 11,140
Eliminated on disposal - (6,141 ) (6,141 )
At 30th June 2023 30 37,579 37,965
NET BOOK VALUE
At 30th June 2023 10 33,314 141,094
At 30th June 2022 13 22,730 130,545

PROTEC PAINTING LTD (REGISTERED NUMBER: 10278846)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2023


5. STOCKS
30/6/23 30/6/22
£    £   
Stocks 2,500 3,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade debtors 10,970 76,408
Other debtors 102 1,099
VAT 4,926 -
Prepayments 9,263 4,657
25,261 82,164

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Hire purchase contracts 11,287 5,666
Trade creditors 2,978 3,298
Tax 2,533 15,063
Social security and other taxes 1,135 1,709
VAT - 3,912
Net wages 12,755 -
Directors' loan accounts 930 33,057
31,618 62,705

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/6/23 30/6/22
£    £   
Hire purchase contracts 7,616 5,195

9. PROVISIONS FOR LIABILITIES
30/6/23 30/6/22
£    £   
Deferred tax
Accelerated capital allowances 6,356 4,351

Deferred
tax
£   
Balance at 1st July 2022 4,351
Provided during year 2,005
Balance at 30th June 2023 6,356

PROTEC PAINTING LTD (REGISTERED NUMBER: 10278846)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2023


10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30/6/23 30/6/22
value: £    £   
100 Share capital 1 1 100 100

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J Jamison.