2023-06-01 2024-05-31 false Capium Accounts Production 1.1 11373649 2023-06-01 2024-05-31 11373649 bus:FullAccounts 2023-06-01 2024-05-31 11373649 bus:FRS102 2023-06-01 2024-05-31 11373649 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 11373649 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11373649 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11373649 2023-06-01 2024-05-31 11373649 2024-05-31 11373649 bus:RegisteredOffice 2023-06-01 2024-05-31 11373649 core:WithinOneYear 2024-05-31 11373649 core:AfterOneYear 2024-05-31 11373649 1 2023-06-01 2024-05-31 11373649 bus:Director1 2023-06-01 2024-05-31 11373649 bus:Director1 2024-05-31 11373649 bus:Director1 2022-06-01 2023-05-31 11373649 bus:Director2 2023-06-01 2024-05-31 11373649 bus:Director2 2024-05-31 11373649 bus:Director2 2022-06-01 2023-05-31 11373649 2022-06-01 11373649 bus:LeadAgentIfApplicable 2023-06-01 2024-05-31 11373649 2022-06-01 2023-05-31 11373649 2023-05-31 11373649 core:WithinOneYear 2023-05-31 11373649 core:AfterOneYear 2023-05-31 11373649 bus:EntityAccountantsOrAuditors 2022-06-01 2023-05-31 11373649 core:PlantMachinery 2023-06-01 2024-05-31 11373649 core:PlantMachinery 2024-05-31 11373649 core:PlantMachinery 2023-05-31 11373649 core:FurnitureFittings 2023-06-01 2024-05-31 11373649 core:FurnitureFittings 2024-05-31 11373649 core:FurnitureFittings 2023-05-31 11373649 core:ComputerEquipment 2023-06-01 2024-05-31 11373649 core:ComputerEquipment 2024-05-31 11373649 core:ComputerEquipment 2023-05-31 11373649 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-05-31 11373649 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-05-31 11373649 core:CostValuation core:Non-currentFinancialInstruments 2024-05-31 11373649 core:CostValuation core:Non-currentFinancialInstruments 2023-05-31 11373649 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-05-31 11373649 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-05-31 11373649 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-05-31 11373649 core:Non-currentFinancialInstruments 2024-05-31 11373649 core:Non-currentFinancialInstruments 2023-05-31 11373649 core:ShareCapital 2024-05-31 11373649 core:ShareCapital 2023-05-31 11373649 core:RetainedEarningsAccumulatedLosses 2024-05-31 11373649 core:RetainedEarningsAccumulatedLosses 2023-05-31 11373649 dpl:Item1 2023-06-01 11373649 dpl:Item1 2024-05-31 11373649 dpl:Item1 2022-06-01 11373649 dpl:Item1 2023-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 11373649
England and Wales

 

 

 

PROTEKT SAFETY WEAR LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 27,276    29,981 
27,276    29,981 
Current assets      
Stocks 4 94,992    86,675 
Debtors 5 74,621    74,047 
Cash at bank and in hand 36,006    18,476 
205,619    179,198 
Creditors: amount falling due within one year 6 (161,872)   (144,944)
Net current assets 43,747    34,254 
 
Total assets less current liabilities 71,023    64,235 
Creditors: amount falling due after more than one year 7 (24,875)   (36,682)
Provisions for liabilities 8 (6,819)   (5,696)
Net assets 39,329    21,857 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 39,229    21,757 
Shareholders' funds 39,329    21,857 
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 20 February 2025 and were signed on its behalf by:


-------------------------------
Mark James Doey
Director
1
General Information
PROTEKT SAFETY WEAR LTD is a private company, limited by shares, registered in England and Wales, registration number 11373649, registration address UNIT C2, FLORENCE ROAD BUSINESS PARK , CALLINGTON, PL17 8EX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value.
Turnover
Turnover represents net invoiced sales or service, excluding value added tax. Turnover is recognised when the company obtains the right to consideration.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25%
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 6 (2023 : 6).
3.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 June 2023 76,193    76,193 
Additions 6,423    6,423 
Disposals  
At 31 May 2024 82,616    82,616 
Depreciation
At 01 June 2023 46,212    46,212 
Charge for year 9,128    9,128 
On disposals  
At 31 May 2024 55,340    55,340 
Net book values
Closing balance as at 31 May 2024 27,276    27,276 
Opening balance as at 01 June 2023 29,981    29,981 


4.

Stocks

2024
£
  2023
£
Stocks 94,992    86,675 
94,992    86,675 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 74,621    74,047 
74,621    74,047 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 48,791    31,891 
Bank Loans & Overdrafts 11,234    7,068 
Taxation and Social Security 30,472    22,481 
Other Creditors 71,375    83,504 
161,872    144,944 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 24,875    36,682 
24,875    36,682 

8.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 6,819    5,696 
6,819    5,696 

9.

Director’s loan

Directors' transactions

Included within other creditors is a loan from the directors, as follows:
Amounts owed to directors  
£
Ian Wallace 44,950 
Mark Doey
44,956 


No repayment terms have been agreed.

Ian Wallace has charged an average interest rate of 6% on the outstanding loan balance owed by the company.
2