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REGISTERED NUMBER: 02496669 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

PROTROL (SHEFFIELD) LIMITED

PROTROL (SHEFFIELD) LIMITED (REGISTERED NUMBER: 02496669)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROTROL (SHEFFIELD) LIMITED

Company Information
for the Year Ended 30 September 2023







DIRECTORS: B Bell
R L Thompson





REGISTERED OFFICE: Unit 29 Nutwood Trading Estate
Wadsley Bridge
Sheffield
South Yorkshire
S6 1NL





REGISTERED NUMBER: 02496669 (England and Wales)





ACCOUNTANTS: S Burgess & Co Ltd
11 Slayleigh Avenue
Sheffield
South Yorkshire
S10 3RA

PROTROL (SHEFFIELD) LIMITED (REGISTERED NUMBER: 02496669)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,037 23,205

CURRENT ASSETS
Stocks 3,202 4,260
Debtors 5 120,036 198,026
Cash at bank and in hand 301,124 72,432
424,362 274,718
CREDITORS
Amounts falling due within one year 6 132,854 110,285
NET CURRENT ASSETS 291,508 164,433
TOTAL ASSETS LESS CURRENT
LIABILITIES

310,545

187,638

PROVISIONS FOR LIABILITIES 8 4,760 5,801
NET ASSETS 305,785 181,837

CAPITAL AND RESERVES
Called up share capital 103 103
Share premium 396 396
Retained earnings 305,286 181,338
SHAREHOLDERS' FUNDS 305,785 181,837

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

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

The directors acknowledge their 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.

PROTROL (SHEFFIELD) LIMITED (REGISTERED NUMBER: 02496669)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 30 April 2024 and were signed on its behalf by:





R L Thompson - Director


PROTROL (SHEFFIELD) LIMITED (REGISTERED NUMBER: 02496669)

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

1. STATUTORY INFORMATION

Protrol (Sheffield) 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover comprises the invoiced value of engineering services, excluding value added tax. Turnover is recognised upon the delivery of each job to the customer.

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 - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock, which comprises materials and consumables, is stated 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.


PROTROL (SHEFFIELD) LIMITED (REGISTERED NUMBER: 02496669)

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

2. ACCOUNTING POLICIES - continued
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.

Debtors and creditors due within one year
Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income within administrative expenses.

Impairment
At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the statement of comprehensive income.

Leasing commitments
Rentals paid under operating leases are charged to the income statement as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

PROTROL (SHEFFIELD) LIMITED (REGISTERED NUMBER: 02496669)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2022
and 30 September 2023 51,124 5,734 9,031 65,889
DEPRECIATION
At 1 October 2022 34,896 5,531 2,257 42,684
Charge for year 2,434 41 1,693 4,168
At 30 September 2023 37,330 5,572 3,950 46,852
NET BOOK VALUE
At 30 September 2023 13,794 162 5,081 19,037
At 30 September 2022 16,228 203 6,774 23,205

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 120,036 198,026

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 69,353 58,882
Corporation tax 38,258 18,502
Social security and other taxes 443 362
VAT 22,498 30,237
Other creditors 381 381
Directors' current accounts 621 621
Accrued expenses 1,300 1,300
132,854 110,285

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.23 30.9.22
£    £   
Within one year 4,800 4,800

PROTROL (SHEFFIELD) LIMITED (REGISTERED NUMBER: 02496669)

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

8. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 4,760 5,801

Deferred
tax
£   
Balance at 1 October 2022 5,801
Accelerated capital allowances (1,041 )
Balance at 30 September 2023 4,760