IRIS Accounts Production v24.2.0.383 02271212 Board of Directors Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh022712122022-11-30022712122023-11-30022712122022-12-012023-11-30022712122021-11-30022712122021-12-012022-11-30022712122022-11-3002271212ns15:EnglandWales2022-12-012023-11-3002271212ns14:PoundSterling2022-12-012023-11-3002271212ns10:Director12022-12-012023-11-3002271212ns10:Director22022-12-012023-11-3002271212ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3002271212ns10:SmallEntities2022-12-012023-11-3002271212ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3002271212ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3002271212ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3002271212ns10:FullAccounts2022-12-012023-11-3002271212ns10:CompanySecretary12022-12-012023-11-3002271212ns10:RegisteredOffice2022-12-012023-11-3002271212ns5:CurrentFinancialInstruments2023-11-3002271212ns5:CurrentFinancialInstruments2022-11-3002271212ns5:ShareCapital2023-11-3002271212ns5:ShareCapital2022-11-3002271212ns5:CapitalRedemptionReserve2023-11-3002271212ns5:CapitalRedemptionReserve2022-11-3002271212ns5:RetainedEarningsAccumulatedLosses2023-11-3002271212ns5:RetainedEarningsAccumulatedLosses2022-11-3002271212ns5:PlantMachinery2022-12-012023-11-3002271212ns5:FurnitureFittings2022-12-012023-11-3002271212ns5:MotorVehicles2022-12-012023-11-3002271212ns5:ComputerEquipment2022-12-012023-11-3002271212ns5:PlantMachinery2022-11-3002271212ns5:FurnitureFittings2022-11-3002271212ns5:MotorVehicles2022-11-3002271212ns5:ComputerEquipment2022-11-3002271212ns5:PlantMachinery2023-11-3002271212ns5:FurnitureFittings2023-11-3002271212ns5:MotorVehicles2023-11-3002271212ns5:ComputerEquipment2023-11-3002271212ns5:PlantMachinery2022-11-3002271212ns5:FurnitureFittings2022-11-3002271212ns5:MotorVehicles2022-11-3002271212ns5:ComputerEquipment2022-11-3002271212ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3002271212ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30022712121ns10:Director12022-11-30022712121ns10:Director12021-11-30022712121ns10:Director12022-12-012023-11-30022712121ns10:Director12021-12-012022-11-30022712121ns10:Director12023-11-30022712121ns10:Director12022-11-3002271212ns10:Director222022-11-3002271212ns10:Director222021-11-3002271212ns10:Director222022-12-012023-11-3002271212ns10:Director222021-12-012022-11-3002271212ns10:Director222023-11-3002271212ns10:Director222022-11-30
REGISTERED NUMBER: 02271212 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

PROTOS PACKAGING LIMITED

PROTOS PACKAGING LIMITED (REGISTERED NUMBER: 02271212)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROTOS PACKAGING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: T P S Fussell
J H Fussell





SECRETARY: Mrs N Fussell





REGISTERED OFFICE: Burma Road
Sharpness
Berkeley
Gloucestershire
GL13 9UQ





REGISTERED NUMBER: 02271212 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

PROTOS PACKAGING LIMITED (REGISTERED NUMBER: 02271212)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,995 26,607

CURRENT ASSETS
Stocks 548,238 584,833
Debtors 5 364,349 319,377
Cash at bank and in hand 417,317 333,961
1,329,904 1,238,171
CREDITORS
Amounts falling due within one year 6 464,002 422,631
NET CURRENT ASSETS 865,902 815,540
TOTAL ASSETS LESS CURRENT
LIABILITIES

887,897

842,147

PROVISIONS FOR LIABILITIES 3,509 3,211
NET ASSETS 884,388 838,936

CAPITAL AND RESERVES
Called up share capital 1,607 1,607
Capital redemption reserve 393 393
Retained earnings 882,388 836,936
884,388 838,936

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

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

PROTOS PACKAGING LIMITED (REGISTERED NUMBER: 02271212)

BALANCE SHEET - continued
30 NOVEMBER 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 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 30 August 2024 and were signed on its behalf by:




T P S Fussell - Director



J H Fussell - Director


PROTOS PACKAGING LIMITED (REGISTERED NUMBER: 02271212)

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

1. STATUTORY INFORMATION

Protos Packaging 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provision of section 1A "Small entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 15% on cost
Computer & Office equipmt - 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

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.

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.

PROTOS PACKAGING LIMITED (REGISTERED NUMBER: 02271212)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Going concern
The directors have considered the risks and issues concerning the company and its activities and no material uncertainties that may cast significant doubt about the company's ability of the company to continue as a going concern have been identified by them.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures Computer
Plant and and Motor & Office
machinery fittings vehicles equipmt Totals
£    £    £    £    £   
COST
At 1 December 2022 486,317 7,960 17,831 12,696 524,804
Additions 5,989 - - 1,063 7,052
At 30 November 2023 492,306 7,960 17,831 13,759 531,856
DEPRECIATION
At 1 December 2022 466,159 5,725 17,831 8,482 498,197
Charge for year 9,664 555 - 1,445 11,664
At 30 November 2023 475,823 6,280 17,831 9,927 509,861
NET BOOK VALUE
At 30 November 2023 16,483 1,680 - 3,832 21,995
At 30 November 2022 20,158 2,235 - 4,214 26,607

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 276,192 270,778
Other debtors 26,058 23,954
Tax 6,745 6,745
VAT 7,732 -
Prepayments 47,622 17,900
364,349 319,377

PROTOS PACKAGING LIMITED (REGISTERED NUMBER: 02271212)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 304,105 220,007
Corporation Tax 13,147 16,536
Plastic Packaging Tax 56,967 10,946
Social security and other taxes 8,097 33,860
Wages Control 23,428 26,641
Pensions Payable 1,808 2,066
VAT - 53,794
Other creditors 41,170 50,853
Directors' loan accounts 4,245 3,933
Accrued expenses 11,035 3,995
464,002 422,631

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
T P S Fussell
Balance outstanding at start of year (3,621 ) (3,621 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,621 ) (3,621 )

J H Fussell
Balance outstanding at start of year (312 ) -
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (624 ) (312 )

No interest is charged on the director's loan and there are no set repayment terms.

8. RELATED PARTY DISCLOSURES

Included within other debtors is an amount due to the company from Nicola Fussell, majority shareholder and company secretary. At the year-end this amounted to £20,754 (2022: £20,754).