PROTOCOL SOLUTIONS LTD

Company Registration Number:
11128895 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

PROTOCOL SOLUTIONS LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

PROTOCOL SOLUTIONS LTD

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 129,273 96,270
Cost of sales: ( 34,563 ) ( 45,426 )
Gross profit(or loss): 94,710 50,844
Administrative expenses: ( 41,740 ) ( 26,531 )
Operating profit(or loss): 52,970 24,313
Interest payable and similar charges: ( 613 ) ( 1,409 )
Profit(or loss) before tax: 52,357 22,904
Tax: ( 1,373 )
Profit(or loss) for the financial year: 50,984 22,904

PROTOCOL SOLUTIONS LTD

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 71,185 41,028
Total fixed assets: 71,185 41,028
Current assets
Stocks: 4 3,311 1,261
Debtors: 5 16,489 13,475
Cash at bank and in hand: 20,970 8,964
Total current assets: 40,770 23,700
Creditors: amounts falling due within one year: 6 ( 14,201 ) ( 27,213 )
Net current assets (liabilities): 26,569 (3,513)
Total assets less current liabilities: 97,754 37,515
Creditors: amounts falling due after more than one year: 7 ( 58,376 ) ( 28,632 )
Accruals and deferred income: ( 135 )
Total net assets (liabilities): 39,378 8,748
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 39,278 8,648
Total Shareholders' funds: 39,378 8,748

The notes form part of these financial statements

PROTOCOL SOLUTIONS LTD

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 February 2024
and signed on behalf of the board by:

Name: Nikesh Mistry
Status: Director

The notes form part of these financial statements

PROTOCOL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PROTOCOL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 2

PROTOCOL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 13,881 48,960 62,841
Additions 3,901 47,625 51,526
Disposals ( 26,359 ) ( 26,359 )
Revaluations
Transfers
At 31 January 2024 17,782 70,226 88,008
Depreciation
At 1 February 2023 6,745 15,068 21,813
Charge for year 841 7,278 8,119
On disposals ( 13,109 ) ( 13,109 )
Other adjustments
At 31 January 2024 7,586 9,237 16,823
Net book value
At 31 January 2024 10,196 60,989 71,185
At 31 January 2023 7,136 33,892 41,028

PROTOCOL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Stocks

2024 2023
£ £
Stocks 3,311 1,261
Total 3,311 1,261

PROTOCOL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Debtors

2024 2023
£ £
Trade debtors 16,489 13,475
Total 16,489 13,475

PROTOCOL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 3,240
Amounts due under finance leases and hire purchase contracts 7,128
Trade creditors 7,917 9,378
Taxation and social security 6,284 7,467
Total 14,201 27,213

PROTOCOL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 7,072 6,758
Amounts due under finance leases and hire purchase contracts 51,304 21,874
Total 58,376 28,632