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REGISTERED NUMBER: 00549613 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PTG TREATMENTS LIMITED

PTG TREATMENTS LIMITED (REGISTERED NUMBER: 00549613)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PTG TREATMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S J Pope
S Adams
D P Bamford





SECRETARY: ICM Administration Limited





REGISTERED OFFICE: Victoria House
29 Victoria Road
Horwich
Bolton
BL6 5NA





REGISTERED NUMBER: 00549613 (England and Wales)





AUDITORS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Statutory Auditors
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

PTG TREATMENTS LIMITED (REGISTERED NUMBER: 00549613)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 819,075 327,106

CURRENT ASSETS
Stocks 187,244 238,281
Debtors: amounts falling due within one year 5 779,847 734,546
Debtors: amounts falling due after more than
one year

5

277,221

234,098
Cash at bank 267,660 368,710
1,511,972 1,575,635
CREDITORS
Amounts falling due within one year 6 436,942 385,849
NET CURRENT ASSETS 1,075,030 1,189,786
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,894,105

1,516,892

PROVISIONS FOR LIABILITIES 8 348,376 -
NET ASSETS 1,545,729 1,516,892

CAPITAL AND RESERVES
Called up share capital 108,944 108,944
Retained earnings 1,436,785 1,407,948
SHAREHOLDERS' FUNDS 1,545,729 1,516,892

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 23 October 2024 and were signed on its behalf by:





S Adams - Director


PTG TREATMENTS LIMITED (REGISTERED NUMBER: 00549613)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

PTG Treatments 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 financial statements are presented in Sterling (£), which is also the functional currency of the Company. Monetary amounts in these Financial Statements are rounded to the nearest £1.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue
The company recognises revenue from the treatment of wood once the treatment process has taken place, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

Plant and machinery-10% - 50% on cost
Fixtures and fittings-33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items, on a first in, first out basis.

Financial instruments
Financial instruments are classified by the director 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 unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.


PTG TREATMENTS LIMITED (REGISTERED NUMBER: 00549613)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£ £ £
COST
At 1 April 2023 1,567,766 5,000 1,572,766
Additions 653,257 - 653,257
Disposals (83,358 ) - (83,358 )
At 31 March 2024 2,137,665 5,000 2,142,665
DEPRECIATION
At 1 April 2023 1,240,660 5,000 1,245,660
Charge for year 161,288 - 161,288
Eliminated on disposal (83,358 ) - (83,358 )
At 31 March 2024 1,318,590 5,000 1,323,590
NET BOOK VALUE
At 31 March 2024 819,075 - 819,075
At 31 March 2023 327,106 - 327,106

PTG TREATMENTS LIMITED (REGISTERED NUMBER: 00549613)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Trade debtors 556,820 369,302
Amounts owed by group undertakings 96,626 -
Other debtors 126,401 365,244
779,847 734,546

Amounts falling due after more than one year:
Other debtors 277,221 234,098

Aggregate amounts 1,057,068 968,644

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 173,174 149,948
Amounts owed to group undertakings - 7,634
Taxation and social security 45,932 18,894
Other creditors 217,836 209,373
436,942 385,849

7. LEASING AGREEMENTS
At 31 March 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £608,750 (2023: £300,581).

8. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Other provisions 348,376 -

Deferred Other
tax provisions
£ £
Balance at 1 April 2023 (234,098 ) -
Accelerated capital allowances (43,123 ) -
Dilapidation provision - 8,054
Decommissioning provision - 340,322
Balance at 31 March 2024 (277,221 ) 348,376

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

The Report of the Auditors was unqualified.

Sam Ede BFP FCA FCCA (Senior Statutory Auditor)
for and on behalf of Lewis Brownlee (Chichester) Limited

PTG TREATMENTS LIMITED (REGISTERED NUMBER: 00549613)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. CONTINGENT LIABILITIES

There may be dilapidations on the various sites when the lease terms end. At the year end only amounts that could be reliably estimated have been provided in these financial statements.

Under environmental rules the company is subject to the requirements of the Industrial Emissions Directive (IED). The company has obtained permits which are subject to certain conditions being met. To comply with these conditions, the company has been required to assess the sites and carry out remedial work as required. The conditions of the permits are phased and therefore further work will be required to comply. At the balance sheet date these costs were unknown.

11. CAPITAL COMMITMENTS
2024 2023
£ £
Contracted but not provided for in the
financial statements - 62,296