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REGISTERED NUMBER: 10527192 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022

FOR

PROTECTIT SP (U.K.) LIMITED

PROTECTIT SP (U.K.) LIMITED (REGISTERED NUMBER: 10527192)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PROTECTIT SP (U.K.) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2022







DIRECTOR: J P Donelan





REGISTERED OFFICE: 3 Blacklands Crescent
Forest Row
East Sussex
RH18 5NN





REGISTERED NUMBER: 10527192 (England and Wales)





ACCOUNTANTS: Charles Lamb
Chartered Accountants
3 Blacklands Crescent
Forest Row
East Sussex
RH18 5NN

PROTECTIT SP (U.K.) LIMITED (REGISTERED NUMBER: 10527192)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,410 7,270

CURRENT ASSETS
Stocks 11,973 11,320
Debtors 5 41,855 58,240
Cash at bank 163,577 61,360
217,405 130,920
CREDITORS
Amounts falling due within one year 6 129,575 74,556
NET CURRENT ASSETS 87,830 56,364
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,240

63,634

CREDITORS
Amounts falling due after more than one
year

7

-

(22,950

)

PROVISIONS FOR LIABILITIES (4,288 ) (1,412 )
NET ASSETS 101,952 39,272

CAPITAL AND RESERVES
Called up share capital 125 125
Retained earnings 101,827 39,147
SHAREHOLDERS' FUNDS 101,952 39,272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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.

PROTECTIT SP (U.K.) LIMITED (REGISTERED NUMBER: 10527192)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2022


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 December 2023 and were signed by:





J P Donelan - Director


PROTECTIT SP (U.K.) LIMITED (REGISTERED NUMBER: 10527192)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1. STATUTORY INFORMATION

Protectit SP (U.K.) Limited 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 etc - 25% on cost

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 Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

PROTECTIT SP (U.K.) LIMITED (REGISTERED NUMBER: 10527192)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2021 12,937
Additions 18,112
Disposals (1,188 )
At 30 November 2022 29,861
DEPRECIATION
At 1 December 2021 5,667
Charge for year 6,972
Eliminated on disposal (1,188 )
At 30 November 2022 11,451
NET BOOK VALUE
At 30 November 2022 18,410
At 30 November 2021 7,270

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 20,885 48,499
Other debtors 20,970 9,741
41,855 58,240

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 85 2,785
Trade creditors 6,958 6,491
Taxation and social security 32,892 26,288
Other creditors 89,640 38,992
129,575 74,556

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 22,950

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 12,150

PROTECTIT SP (U.K.) LIMITED (REGISTERED NUMBER: 10527192)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2022 and 30 November 2021:

2022 2021
£    £   
J P Donelan
Balance outstanding at start of year (26,718 ) (44,874 )
Amounts advanced 35,213 49,573
Amounts repaid (84,128 ) (31,417 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (75,633 ) (26,718 )

The loan due to the director is unsecured and repayable on demand. No interest is charged on amounts due to the director, but interest at 2% is charged on all amounts due to the company.