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REGISTERED NUMBER: 05112440 (England and Wales)















PROTEK - ASHBY TIMBER TREATMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024






PROTEK - ASHBY TIMBER TREATMENTS LIMITED (REGISTERED NUMBER: 05112440)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


PROTEK - ASHBY TIMBER TREATMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: R J Stubbins
N J Stubbins





SECRETARY: N J Stubbins





REGISTERED OFFICE: Hoylake Road
Scunthorpe
North Lincolnshire
DN17 2AZ





REGISTERED NUMBER: 05112440 (England and Wales)





ACCOUNTANTS: Clark Hearsey
Chartered Certified Accountants
Fairfield Enterprise Centre
Lincoln Way
Fairfield Industrial Estate
Louth
Lincolnshire
LN11 0LS

PROTEK - ASHBY TIMBER TREATMENTS LIMITED (REGISTERED NUMBER: 05112440)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,700 8,296

CURRENT ASSETS
Stocks 22,707 27,146
Debtors 5 16,632 20,775
Cash at bank 54,762 72,152
94,101 120,073
CREDITORS
Amounts falling due within one year 6 14,985 21,729
NET CURRENT ASSETS 79,116 98,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,816

106,640

CREDITORS
Amounts falling due after more than one
year

7

(7,343

)

(13,470

)

PROVISIONS FOR LIABILITIES (1,460 ) (1,575 )
NET ASSETS 78,013 91,595

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 77,913 91,495
SHAREHOLDERS' FUNDS 78,013 91,595

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

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

PROTEK - ASHBY TIMBER TREATMENTS LIMITED (REGISTERED NUMBER: 05112440)

BALANCE SHEET - continued
31ST JULY 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 30th January 2025 and were signed on its behalf by:





N J Stubbins - Director


PROTEK - ASHBY TIMBER TREATMENTS LIMITED (REGISTERED NUMBER: 05112440)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Protek - Ashby Timber 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.

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.
Land and buildings - 15% on reducing balance
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

PROTEK - ASHBY TIMBER TREATMENTS LIMITED (REGISTERED NUMBER: 05112440)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st August 2023 147 57,589 57,736
Additions - 1,323 1,323
At 31st July 2024 147 58,912 59,059
DEPRECIATION
At 1st August 2023 141 49,299 49,440
Charge for year 1 1,918 1,919
At 31st July 2024 142 51,217 51,359
NET BOOK VALUE
At 31st July 2024 5 7,695 7,700
At 31st July 2023 6 8,290 8,296

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,589 11,371
Other debtors 43 9,404
16,632 20,775

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,007 5,974
Trade creditors 4,289 12,034
Taxation and social security 2,028 1,478
Other creditors 2,661 2,243
14,985 21,729

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,343 13,470

8. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr R J & Mrs N J Stubbins, the directors, throughout the period.