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REGISTERED NUMBER: 08492434 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Inprotec Limited

Inprotec Limited (Registered number: 08492434)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Inprotec Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: C J Oldroyd
J L Thompson



REGISTERED OFFICE: Hopton House
Ripley Drive
Normanton Industrial Estate
Normanton
West Yorkshire
WF6 1QT



REGISTERED NUMBER: 08492434 (England and Wales)



SENIOR STATUTORY AUDITOR: Andrew Wilkinson FCA



AUDITORS: Malcolm Jones & Co Limited
Statutory Auditors
Accountants and Business Advisers
West Hill House
Allerton Hill
Chapel Allerton
Leeds
West Yorkshire
LS7 3QB

Inprotec Limited (Registered number: 08492434)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 63,563

CURRENT ASSETS
Assets for resale 47,350 -
Debtors 5 64,804 688,164
Cash at bank and in hand 367,639 295,773
479,793 983,937
CREDITORS
Amounts falling due within one year 6 324,894 398,709
NET CURRENT ASSETS 154,899 585,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,899

648,791

PROVISIONS FOR LIABILITIES - 15,170
NET ASSETS 154,899 633,621

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 134,899 613,621
SHAREHOLDERS' FUNDS 154,899 633,621

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





C J Oldroyd - Director


Inprotec Limited (Registered number: 08492434)

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

1. STATUTORY INFORMATION

Inprotec 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.

Going concern

The financial statements have not been prepared on a going concern basis as the directors intend to cease trading and to dissolve the company. Much of the company's trade and certain assets have or will be transferred to the company's immediate holding company.

All remaining assets have been written down to their estimated valuation.

The company has continued to collect all outstanding debts and settle its outstanding liabilities after the balance sheet date as it winds down to a full cessation.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from long term contracts is recognised over time by reference to the stage of completion of the contract activity at the balance sheet date where the outcome of the contract can be estimated reliably.

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 and 15% on cost

Stocks
Assets for resale 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 Statement of Income and Retained Earnings, 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.


Inprotec Limited (Registered number: 08492434)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 254,146
Additions 35,033
Disposals (122,664 )
Reclassification/transfer (166,515 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 190,583
Charge for year 31,357
Eliminated on disposal (97,902 )
Reclassification/transfer (124,038 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 63,563

Given the non going concern basis as explained in the accounting policies, fixed assets have been transferred to current assets.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 621,014
Other debtors 64,804 67,150
64,804 688,164

Inprotec Limited (Registered number: 08492434)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 5,014 179,639
Taxation and social security 1,163 6,464
Other creditors 318,717 212,606
324,894 398,709

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.


We draw attention to Note 2 to the financial statements which explains that the directors intend to cease trading and to dissolve the company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 2. Our opinion is not modified in respect of this matter.

Andrew Wilkinson FCA (Senior Statutory Auditor)
for and on behalf of Malcolm Jones & Co Limited

8. RELATED PARTY DISCLOSURES

Included in debtors is £10,859 (2022 - £nil) due from Redwood Materials Inc.

Creditors includes £173,856 (2022 - £nil) due to Redwood Materials UK Ltd.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Redwood Materials UK Limited.

The ultimate controlling party is Redwood Materials Inc.

The parent undertaking for which group accounts are drawn up is Redwood Materials Inc of 2801 Lockheed Way, Carson City, NV 89706, USA.