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REGISTERED NUMBER: 12071224 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

PROTAGORAS LTD

PROTAGORAS LTD (REGISTERED NUMBER: 12071224)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROTAGORAS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Dr R Tavakoli-Keshe





REGISTERED OFFICE: Cheribourne House
45A Station Road
Willington
Bedford
Bedfordshire
MK44 3QL





REGISTERED NUMBER: 12071224 (England and Wales)





ACCOUNTANTS: Baker Noel
Cheribourne House
45A Station Road
Willington
Bedford
Bedfordshire
MK44 3QL

PROTAGORAS LTD (REGISTERED NUMBER: 12071224)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,007 16,789

CURRENT ASSETS
Debtors 5 200,236 294,250
Cash at bank and in hand 859,603 650,705
1,059,839 944,955
CREDITORS
Amounts falling due within one year 6 298,281 321,796
NET CURRENT ASSETS 761,558 623,159
TOTAL ASSETS LESS CURRENT
LIABILITIES

799,565

639,948

PROVISIONS FOR LIABILITIES 9,502 3,190
NET ASSETS 790,063 636,758

CAPITAL AND RESERVES
Called up share capital 91 11
Retained earnings 789,972 636,747
SHAREHOLDERS' FUNDS 790,063 636,758

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

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

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 8 January 2024 and were signed by:



Dr R Tavakoli-Keshe - Director


PROTAGORAS LTD (REGISTERED NUMBER: 12071224)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Protagoras 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 cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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 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.

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

Lease incentives are recognised on a straight-line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

PROTAGORAS LTD (REGISTERED NUMBER: 12071224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022 227 2,959 30,693 33,879
Additions 746 12,684 24,887 38,317
Disposals - (874 ) (2,878 ) (3,752 )
At 30 June 2023 973 14,769 52,702 68,444
DEPRECIATION
At 1 July 2022 90 1,484 15,516 17,090
Charge for year 95 1,443 12,996 14,534
Eliminated on disposal - - (1,187 ) (1,187 )
At 30 June 2023 185 2,927 27,325 30,437
NET BOOK VALUE
At 30 June 2023 788 11,842 25,377 38,007
At 30 June 2022 137 1,475 15,177 16,789

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 83,424 254,318
Other debtors 116,812 39,932
200,236 294,250

Other debtors includes £61,787 relating to a rent deposit, which is repayable in more than one
year.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 5,002 7,635
Taxation and social security 96,685 141,548
Other creditors 196,594 172,613
298,281 321,796

7. LEASING AGREEMENTS
The minimum lease payments falling due for operating leases total £251,724.

PROTAGORAS LTD (REGISTERED NUMBER: 12071224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. CHANGE IN ACCOUNTING STANDARDS

During the year ended 30th June 2023 the company exceed the threshold for FRS 105 for the second year and therefore accounts have been prepared using FRS 102 1A and the comparatives have been restated. The main adjustments relate to provision for holiday pay and inclusion of deferred tax. The net effect is £3,190.