IRIS Accounts Production v24.3.2.46 09949973 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false Ordinary 1.00000 Ordinary A 1.00000 Ordinary B 1.00000 11135 8677 61229 15180 14875 12722 57489 11135 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure099499732022-07-31099499732023-07-31099499732022-08-012023-07-31099499732021-07-31099499732021-08-012022-07-31099499732022-07-3109949973ns16:EnglandWales2022-08-012023-07-3109949973ns15:PoundSterling2022-08-012023-07-3109949973ns11:Director12022-08-012023-07-3109949973ns11:PrivateLimitedCompanyLtd2022-08-012023-07-3109949973ns11:SmallEntities2022-08-012023-07-3109949973ns11:AuditExempt-NoAccountantsReport2022-08-012023-07-3109949973ns11:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3109949973ns11:SmallCompaniesRegimeForAccounts2022-08-012023-07-3109949973ns11:FullAccounts2022-08-012023-07-3109949973ns11:OrdinaryShareClass12022-08-012023-07-3109949973ns11:OrdinaryShareClass22022-08-012023-07-3109949973ns11:OrdinaryShareClass32022-08-012023-07-310994997342ns11:Director22022-07-310994997342ns11:Director22021-07-310994997342ns11:Director22022-08-012023-07-310994997342ns11:Director22021-08-012022-07-310994997342ns11:Director22023-07-310994997342ns11:Director22022-07-3109949973ns11:Director22022-08-012023-07-3109949973ns11:RegisteredOffice2022-08-012023-07-3109949973ns6:CurrentFinancialInstruments2023-07-3109949973ns6:CurrentFinancialInstruments2022-07-3109949973ns6:Non-currentFinancialInstruments2023-07-3109949973ns6:Non-currentFinancialInstruments2022-07-3109949973ns6:ShareCapital2023-07-3109949973ns6:ShareCapital2022-07-3109949973ns6:RetainedEarningsAccumulatedLosses2023-07-3109949973ns6:RetainedEarningsAccumulatedLosses2022-07-3109949973ns6:PlantMachinery2022-08-012023-07-3109949973ns6:MotorVehicles2022-08-012023-07-3109949973ns6:ComputerEquipment2022-08-012023-07-3109949973ns6:PlantMachinery2022-07-3109949973ns6:MotorVehicles2022-07-3109949973ns6:ComputerEquipment2022-07-3109949973ns6:PlantMachinery2023-07-3109949973ns6:MotorVehicles2023-07-3109949973ns6:ComputerEquipment2023-07-3109949973ns6:PlantMachinery2022-07-3109949973ns6:MotorVehicles2022-07-3109949973ns6:ComputerEquipment2022-07-3109949973ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-07-3109949973ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-07-3109949973ns6:LeasedAssetsHeldAsLessee2022-07-3109949973ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-08-012023-07-3109949973ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-08-012023-07-3109949973ns6:LeasedAssetsHeldAsLessee2022-08-012023-07-3109949973ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2023-07-3109949973ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2023-07-3109949973ns6:LeasedAssetsHeldAsLessee2023-07-3109949973ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-07-3109949973ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-07-3109949973ns6:LeasedAssetsHeldAsLessee2022-07-3109949973ns6:WithinOneYearns6:CurrentFinancialInstruments2023-07-3109949973ns6:WithinOneYearns6:CurrentFinancialInstruments2022-07-3109949973ns11:OrdinaryShareClass12023-07-3109949973ns11:OrdinaryShareClass12021-08-012022-07-3109949973ns11:OrdinaryShareClass22023-07-3109949973ns11:OrdinaryShareClass22021-08-012022-07-3109949973ns11:OrdinaryShareClass32023-07-3109949973ns11:OrdinaryShareClass32021-08-012022-07-3109949973ns11:Director112022-07-3109949973ns11:Director112021-07-3109949973ns11:Director112022-08-012023-07-3109949973ns11:Director112021-08-012022-07-3109949973ns11:Director112023-07-3109949973ns11:Director112022-07-31
REGISTERED NUMBER: 09949973 (England and Wales)















Protech Groundworks Ltd

Unaudited Financial Statements

For The Year Ended

31st July 2023






Protech Groundworks Ltd (Registered number: 09949973)

Contents of the Financial Statements
For The Year Ended 31st July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Protech Groundworks Ltd

Company Information
For The Year Ended 31st July 2023







DIRECTORS: J S Brown
Mrs K Brown





REGISTERED OFFICE: Englands Lane Business Centre
47 Englands Lane
Gorleston
Great Yarmouth
Norfolk
NR31 6BE





REGISTERED NUMBER: 09949973 (England and Wales)





ACCOUNTANTS: TC Group
Accountants
Englands Lane Business Centre
47 Englands Lane
Gorleston
Great Yarmouth
Norfolk
NR31 6BE

Protech Groundworks Ltd (Registered number: 09949973)

Balance Sheet
31st July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 78,556 86,052

CURRENT ASSETS
Stocks 28,927 -
Debtors 6 79,163 20,756
Cash at bank 1,137 74,233
109,227 94,989
CREDITORS
Amounts falling due within one year 7 130,912 91,481
NET CURRENT (LIABILITIES)/ASSETS (21,685 ) 3,508
TOTAL ASSETS LESS CURRENT LIABILITIES 56,871 89,560

CREDITORS
Amounts falling due after more than one year 8 (50,086 ) (68,695 )

PROVISIONS FOR LIABILITIES (6,552 ) (7,856 )
NET ASSETS 233 13,009

CAPITAL AND RESERVES
Called up share capital 9 102 102
Retained earnings 131 12,907
SHAREHOLDERS' FUNDS 233 13,009

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

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

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 27th January 2025 and were signed on its behalf by:





J S Brown - Director


Protech Groundworks Ltd (Registered number: 09949973)

Notes to the Financial Statements
For The Year Ended 31st July 2023


1. STATUTORY INFORMATION

Protech Groundworks Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 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.

Protech Groundworks Ltd (Registered number: 09949973)

Notes to the Financial Statements - continued
For The Year Ended 31st July 2023


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st August 2022 59,209 30,995 2,892 93,096
Additions 15,950 - 241 16,191
At 31st July 2023 75,159 30,995 3,133 109,287
DEPRECIATION
At 1st August 2022 1,226 4,345 1,473 7,044
Charge for year 16,489 6,663 535 23,687
At 31st July 2023 17,715 11,008 2,008 30,731
NET BOOK VALUE
At 31st July 2023 57,444 19,987 1,125 78,556
At 31st July 2022 57,983 26,650 1,419 86,052

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st August 2022 57,000 29,995 86,995
Additions 15,950 - 15,950
At 31st July 2023 72,950 29,995 102,945
DEPRECIATION
At 1st August 2022 - 3,749 3,749
Charge for year 16,244 6,562 22,806
At 31st July 2023 16,244 10,311 26,555
NET BOOK VALUE
At 31st July 2023 56,706 19,684 76,390
At 31st July 2022 57,000 26,246 83,246

Protech Groundworks Ltd (Registered number: 09949973)

Notes to the Financial Statements - continued
For The Year Ended 31st July 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,531 5,860
Other debtors 74,632 14,896
79,163 20,756

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,350 2,350
Hire purchase contracts 35,452 16,259
Trade creditors 78,570 59,421
Taxation and social security 13,099 12,130
Other creditors 1,441 1,321
130,912 91,481

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 4,308 6,658
Hire purchase contracts 45,778 62,037
50,086 68,695

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
102 102

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st July 2023 and 31st July 2022:

2023 2022
£    £   
J S Brown and Mrs K Brown
Balance outstanding at start of year 11,135 8,677
Amounts advanced 61,229 15,180
Amounts repaid (14,875 ) (12,722 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 57,489 11,135

The company operates a loan account with the director and interest is charged at the HMRC official rate when applicable. There are no set repayment terms.