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REGISTERED NUMBER: 04878943 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Protegem Limited

Protegem Limited (Registered number: 04878943)

Contents of the Financial Statements
for the Year Ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Protegem Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: G Wenman - Ballan





SECRETARY: S E Wenman





REGISTERED OFFICE: Rainbows End
187 Smallfield Road
Horley
Surrey
RH6 9LR





REGISTERED NUMBER: 04878943 (England and Wales)





ACCOUNTANTS: Mulberry & Co
Chartered Certified Accountants
& Chartered Tax Advisers
C/O Mulberry & Co
Eastgate House
Dogflud Way
Farnham
Surrey
GU9 7UD

Protegem Limited (Registered number: 04878943)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,174 2,348
Tangible assets 5 2,282 3,860
3,456 6,208

CURRENT ASSETS
Cash at bank 29,312 28,703

CREDITORS
Amounts falling due within one year 6 (5,954 ) (5,521 )
NET CURRENT ASSETS 23,358 23,182
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,814

29,390

CREDITORS
Amounts falling due after more than one
year

7

(5,663

)

(7,657

)
NET ASSETS 21,151 21,733

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 21,051 21,633
SHAREHOLDERS' FUNDS 21,151 21,733

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Protegem Limited (Registered number: 04878943)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 February 2024 and were signed by:





G Wenman - Ballan - Director


Protegem Limited (Registered number: 04878943)

Notes to the Financial Statements
for the Year Ended 31 August 2023


1. STATUTORY INFORMATION

Protegem 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Protegem Limited (Registered number: 04878943)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 5,871
AMORTISATION
At 1 September 2022 3,523
Charge for year 1,174
At 31 August 2023 4,697
NET BOOK VALUE
At 31 August 2023 1,174
At 31 August 2022 2,348

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2022
and 31 August 2023 1,200 5,969 3,671 10,840
DEPRECIATION
At 1 September 2022 720 3,997 2,263 6,980
Charge for year 240 986 352 1,578
At 31 August 2023 960 4,983 2,615 8,558
NET BOOK VALUE
At 31 August 2023 240 986 1,056 2,282
At 31 August 2022 480 1,972 1,408 3,860

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Taxation and social security 305 1,784
Other creditors 5,649 3,737
5,954 5,521

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Other creditors 5,663 7,657

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms G Wenman by virtue of her 100% holding in the ordinary share capital of the company.