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REGISTERED NUMBER: 03640421 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Pyrotect Limited

Pyrotect Limited (Registered number: 03640421)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pyrotect Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: R J Morgan
Mrs M J Mee
C Goodison
G L Fieldsend





SECRETARY: S Goodison





REGISTERED OFFICE: Unit F1
Tom Bill Way
Ashby de la Zouch
Leicestershire
LE65 2UY





REGISTERED NUMBER: 03640421 (England and Wales)





ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

Pyrotect Limited (Registered number: 03640421)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 201,917 195,089

CURRENT ASSETS
Inventories 5 131,300 179,906
Debtors 6 1,522,800 1,644,685
Prepayments and accrued income 62,183 52,178
Cash at bank and in hand 1,741,173 1,421,231
3,457,456 3,298,000
CREDITORS
Amounts falling due within one year 7 973,484 872,105
NET CURRENT ASSETS 2,483,972 2,425,895
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,685,889

2,620,984

PROVISIONS FOR LIABILITIES (7,054 ) (27,450 )

ACCRUALS AND DEFERRED INCOME (61,149 ) (76,465 )
NET ASSETS 2,617,686 2,517,069

CAPITAL AND RESERVES
Called up share capital 5,301 5,301
Share premium 19,609 19,609
Other reserves 300 300
Retained earnings 2,592,476 2,491,859
SHAREHOLDERS' FUNDS 2,617,686 2,517,069

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Pyrotect Limited (Registered number: 03640421)

Balance Sheet - continued
31 December 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 21 August 2024 and were signed on its behalf by:





Mrs M J Mee - Director


Pyrotect Limited (Registered number: 03640421)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Pyrotect 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
Revenue 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.
Freehold property - 2% of cost or valuation
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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.

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.

Pyrotect Limited (Registered number: 03640421)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Payments in respect of other post-retirement benefits 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 30 (2022 - 30 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 18,521 45,371 48,213 321,766 433,871
Additions - 4,000 1,014 97,608 102,622
Disposals - - - (108,652 ) (108,652 )
At 31 December 2023 18,521 49,371 49,227 310,722 427,841
DEPRECIATION
At 1 January 2023 2,791 28,480 38,567 168,944 238,782
Charge for year 630 5,217 2,665 54,382 62,894
Eliminated on disposal - - - (75,752 ) (75,752 )
At 31 December 2023 3,421 33,697 41,232 147,574 225,924
NET BOOK VALUE
At 31 December 2023 15,100 15,674 7,995 163,148 201,917
At 31 December 2022 15,730 16,891 9,646 152,822 195,089

5. INVENTORIES
2023 2022
£    £   
Stocks 93,679 122,424
Work-in-progress 37,621 57,482
131,300 179,906

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,385,607 1,520,010
Other debtors 7,999 9,949
Directors' current accounts 87,415 28,098
VAT 41,779 86,628
1,522,800 1,644,685

Pyrotect Limited (Registered number: 03640421)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 542,154 549,460
Amounts owed to group undertakings 298,575 214,915
Tax 68,431 29,230
Social security and other taxes 41,037 38,803
Other creditors 18,319 36,469
Directors' current accounts 4,968 3,228
973,484 872,105

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
C Goodison
Balance outstanding at start of year 28,098 35,404
Amounts advanced 59,897 -
Amounts repaid (580 ) (7,306 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 87,415 28,098

9. RELATED PARTY DISCLOSURES

At the 31st December 2023 the company owes £298,575 to Pyrotect Holdings Limited (2022: owed £214,915) and paid management charges for recharged expenses and costs of £685,306 (2022 £725,458).

10. ULTIMATE CONTROLLING PARTY

The controlling party is Pyrotect Holdings Limited.