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REGISTERED NUMBER: 07603642 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

PROTOTECH ENGINEERING LIMITED

PROTOTECH ENGINEERING LIMITED (REGISTERED NUMBER: 07603642)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROTOTECH ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr J Greenaway
Mrs L Greenaway
Mr D Burke
Mr L Greenaway
Mr D Greenaway





REGISTERED OFFICE: 112 Milton Road
Sutton Courtenay
Abingdon
Oxfordshire
OX14 4BT





REGISTERED NUMBER: 07603642 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

PROTOTECH ENGINEERING LIMITED (REGISTERED NUMBER: 07603642)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 17,279 23,049
17,279 23,049

CURRENT ASSETS
Stocks 6 60,242 60,445
Debtors 7 67,951 69,168
Cash at bank and in hand 160,563 182,282
288,756 311,895
CREDITORS
Amounts falling due within one year 8 91,802 71,196
NET CURRENT ASSETS 196,954 240,699
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,233

263,748

PROVISIONS FOR LIABILITIES 9 4,296 5,762
NET ASSETS 209,937 257,986

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 209,837 257,886
SHAREHOLDERS' FUNDS 209,937 257,986

PROTOTECH ENGINEERING LIMITED (REGISTERED NUMBER: 07603642)

BALANCE SHEET - continued
30 APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

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 27 January 2025 and were signed on its behalf by:





Mr J Greenaway - Director


PROTOTECH ENGINEERING LIMITED (REGISTERED NUMBER: 07603642)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stock is valued at the lower of cost and net realisable value, Work in progress is valued at gross 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 Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

PROTOTECH ENGINEERING LIMITED (REGISTERED NUMBER: 07603642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

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 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 445,000
AMORTISATION
At 1 May 2023
and 30 April 2024 445,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 42,496 18,223 3,110 63,829
Disposals (671 ) - (1,183 ) (1,854 )
At 30 April 2024 41,825 18,223 1,927 61,975
DEPRECIATION
At 1 May 2023 23,624 14,530 2,626 40,780
Charge for year 4,693 738 242 5,673
Eliminated on disposal (574 ) - (1,183 ) (1,757 )
At 30 April 2024 27,743 15,268 1,685 44,696
NET BOOK VALUE
At 30 April 2024 14,082 2,955 242 17,279
At 30 April 2023 18,872 3,693 484 23,049

6. STOCKS
30.4.24 30.4.23
£    £   
Stocks 30,690 37,925
Work-in-progress 29,552 22,520
60,242 60,445

PROTOTECH ENGINEERING LIMITED (REGISTERED NUMBER: 07603642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 66,545 67,933
Prepayments 1,406 1,235
67,951 69,168

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 24,498 30,373
Tax 44,233 20,006
Social security and other taxes 182 174
VAT 17,790 11,562
Directors' current accounts 1,381 5,711
Accrued expenses 3,718 3,370
91,802 71,196

9. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax
Accelerated capital allowances 4,296 5,762

Deferred
tax
£   
Balance at 1 May 2023 5,762
Provided during year (1,466 )
Balance at 30 April 2024 4,296

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
76 Ordinary A £1.00 76 76
8 Ordinary B £1 8 8
8 Ordinary C £1 8 8
8 Ordinary D £1 8 8
100 100