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REGISTERED NUMBER: 10170033 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 May 2024

for

Protec Oscillators And Showers Limited

Protec Oscillators And Showers Limited (Registered number: 10170033)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Protec Oscillators And Showers Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J P Freeman
A L Smith





REGISTERED OFFICE: Unit 14b Shuttleworth Mead Business Park
Mead Way
Padiham
Burnley
BB12 7NG





REGISTERED NUMBER: 10170033 (England and Wales)





ACCOUNTANTS: Anthony Marshall Ltd
Chartered Accountants
70 Market Street
Tottington
Bury
Greater Manchester
BL8 3LJ

Protec Oscillators And Showers Limited (Registered number: 10170033)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,056 50,525

CURRENT ASSETS
Stocks 150,000 119,368
Debtors 5 947,309 121,281
Cash at bank 38,362 39,629
1,135,671 280,278
CREDITORS
Amounts falling due within one year 6 578,778 64,627
NET CURRENT ASSETS 556,893 215,651
TOTAL ASSETS LESS CURRENT LIABILITIES 600,949 266,176

CREDITORS
Amounts falling due after more than one
year

7

(11,572

)

(21,534

)

PROVISIONS FOR LIABILITIES 8 (8,526 ) (9,600 )
NET ASSETS 580,851 235,042

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 580,848 235,039
580,851 235,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

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

Protec Oscillators And Showers Limited (Registered number: 10170033)

Statement of Financial Position - continued
31 May 2024


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 22 January 2025 and were signed on its behalf by:





J P Freeman - Director


Protec Oscillators And Showers Limited (Registered number: 10170033)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Protec Oscillators And Showers 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.

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% reducing balance
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 15% reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Protec Oscillators And Showers Limited (Registered number: 10170033)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 June 2023 9,952 36,985 11,844
Additions - - -
At 31 May 2024 9,952 36,985 11,844
DEPRECIATION
At 1 June 2023 - 12,055 5,427
Charge for year - 3,739 963
At 31 May 2024 - 15,794 6,390
NET BOOK VALUE
At 31 May 2024 9,952 21,191 5,454
At 31 May 2023 9,952 24,930 6,417

Protec Oscillators And Showers Limited (Registered number: 10170033)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 22,341 4,160 85,282
Additions - 316 316
At 31 May 2024 22,341 4,476 85,598
DEPRECIATION
At 1 June 2023 15,714 1,561 34,757
Charge for year 1,657 426 6,785
At 31 May 2024 17,371 1,987 41,542
NET BOOK VALUE
At 31 May 2024 4,970 2,489 44,056
At 31 May 2023 6,627 2,599 50,525

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 898,397 85,453
Amounts owed by group undertakings 213 113
Other debtors 48,699 35,715
947,309 121,281

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 3,398
Trade creditors 175,884 2,367
Taxation and social security 299,895 34,399
Other creditors 92,999 14,463
578,778 64,627

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 11,572 21,534

8. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 8,526 9,600

Protec Oscillators And Showers Limited (Registered number: 10170033)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2023 9,600
Credit to Income Statement during year (1,074 )
Balance at 31 May 2024 8,526

9. ULTIMATE CONTROLLING PARTY

Ultimate controlling party is JP Freeman & A Smith by virtue of their directorships and equal shareholding in JFAS Holdings Limited (Company Number 13350525).