IRIS Accounts Production v23.4.0.336 03538084 director 1.7.22 30.6.23 30.6.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035380842022-06-30035380842023-06-30035380842022-07-012023-06-30035380842021-06-30035380842021-07-012022-06-30035380842022-06-3003538084ns15:EnglandWales2022-07-012023-06-3003538084ns14:PoundSterling2022-07-012023-06-3003538084ns10:Director12022-07-012023-06-3003538084ns10:PrivateLimitedCompanyLtd2022-07-012023-06-3003538084ns10:SmallEntities2022-07-012023-06-3003538084ns10:AuditExemptWithAccountantsReport2022-07-012023-06-3003538084ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3003538084ns10:SmallCompaniesRegimeForAccounts2022-07-012023-06-3003538084ns10:FullAccounts2022-07-012023-06-300353808412022-07-012023-06-3003538084ns10:CompanySecretary12022-07-012023-06-3003538084ns10:RegisteredOffice2022-07-012023-06-3003538084ns5:CurrentFinancialInstruments2023-06-3003538084ns5:CurrentFinancialInstruments2022-06-3003538084ns5:ShareCapital2023-06-3003538084ns5:ShareCapital2022-06-3003538084ns5:RetainedEarningsAccumulatedLosses2023-06-3003538084ns5:RetainedEarningsAccumulatedLosses2022-06-3003538084ns5:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3003538084ns5:ComputerSoftware2022-07-012023-06-3003538084ns5:ComputerSoftware2022-06-3003538084ns5:ComputerSoftware2023-06-3003538084ns5:ComputerSoftware2022-06-3003538084ns5:CostValuation2022-06-3003538084ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3003538084ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: 03538084 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Protectolite Limited

Protectolite Limited (Registered number: 03538084)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Protectolite Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr I R Webb



SECRETARY: Miss J Webb



REGISTERED OFFICE: 4 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF



REGISTERED NUMBER: 03538084 (England and Wales)



ACCOUNTANTS: Haines Watts (Berkhamsted) Limited
Chartered Accountants
4 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF



BANKERS: Nat West Bank Plc
Picadilly & New Bond Street
63-65 Piccadilly
London
W1J 0AJ

Protectolite Limited (Registered number: 03538084)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,819 1,951
Investments 5 300 300
24,119 2,251

CURRENT ASSETS
Debtors 6 1,392,237 798,125
Cash at bank 23,256 14,065
1,415,493 812,190
CREDITORS
Amounts falling due within one year 7 1,243,416 623,245
NET CURRENT ASSETS 172,077 188,945
TOTAL ASSETS LESS CURRENT LIABILITIES 196,196 191,196

PROVISIONS FOR LIABILITIES 4,526 371
NET ASSETS 191,670 190,825

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 191,470 190,625
SHAREHOLDERS' FUNDS 191,670 190,825

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.

Protectolite Limited (Registered number: 03538084)

Balance Sheet - continued
30 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2024 and were signed by:





Mr I R Webb - Director


Protectolite Limited (Registered number: 03538084)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Protectolite 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.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Protectolite Limited (Registered number: 03538084)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 July 2022 4,921
Additions 26,570
At 30 June 2023 31,491
AMORTISATION
At 1 July 2022 2,970
Amortisation for year 4,702
At 30 June 2023 7,672
NET BOOK VALUE
At 30 June 2023 23,819
At 30 June 2022 1,951

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 300
NET BOOK VALUE
At 30 June 2023 300
At 30 June 2022 300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Amounts owed by group undertakings 1,359,187 784,792
Other debtors 33,050 13,333
1,392,237 798,125

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 1,422 -
Amounts owed to group undertakings 1,194,640 572,776
Taxation and social security 13,286 14,136
Other creditors 34,068 36,333
1,243,416 623,245

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Protectolite Limited

The following reproduces the text of the report prepared for the director 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 Director 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 Protectolite Limited for the year ended 30 June 2023 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Protectolite Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Protectolite Limited and state those matters that we have agreed to state to the director of Protectolite Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Protectolite Limited and its director for our work or for this report.

It is your duty to ensure that Protectolite Limited 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 Protectolite Limited. You consider that Protectolite Limited 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 Protectolite Limited. 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.






Haines Watts (Berkhamsted) Limited
Chartered Accountants
4 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF


28 March 2024