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Registration number: 13524618

Protek Fire & Security Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Protek Fire & Security Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Protek Fire & Security Ltd

Company Information

Directors

Mr C A Bailey

Mr G Richards

Registered office

Brenona Farm
Beaulieu Road
Marchwood
Southampton
Hampshire
SO40 4UQ

Accountants

Numeric Accounting
Chartered Certified AccountantsSuite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

Protek Fire & Security Ltd

(Registration number: 13524618)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

903

1,017

Current assets

 

Stocks

5

2,000

1,500

Debtors

6

19,701

6,668

Cash at bank and in hand

 

23,523

1,245

 

45,224

9,413

Creditors: Amounts falling due within one year

7

(70,960)

(69,805)

Net current liabilities

 

(25,736)

(60,392)

Net liabilities

 

(24,833)

(59,375)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(24,933)

(59,475)

Shareholders' deficit

 

(24,833)

(59,375)

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 April 2025 and signed on its behalf by:
 

 

Protek Fire & Security Ltd

(Registration number: 13524618)
Balance Sheet as at 31 December 2024 (continued)

.........................................
Mr C A Bailey
Director

.........................................
Mr G Richards
Director

 

Protek Fire & Security Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Brenona Farm
Beaulieu Road
Marchwood
Southampton
Hampshire
SO40 4UQ

These financial statements were authorised for issue by the Board on 16 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company has negative equity of -£25,141 (2023: -£59,475). The directors believe that the company will be able to meet its financial obligations as they fall due and have guaranteed that they will continue to support the business for a period of 12 months from the date the accounts are authorised for issue. Therefore they see no reason to disapply the going concern basis.

 

Protek Fire & Security Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

33% Straight Line

Plant and Machinery

25% Reducing Balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Protek Fire & Security Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Classification
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
 Recognition and measurement
When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Protek Fire & Security Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 January 2024

1,041

1,036

2,077

Additions

-

582

582

At 31 December 2024

1,041

1,618

2,659

Depreciation

At 1 January 2024

415

645

1,060

Charge for the year

157

539

696

At 31 December 2024

572

1,184

1,756

Carrying amount

At 31 December 2024

469

434

903

At 31 December 2023

626

391

1,017

5

Stocks

2024
£

2023
£

Other inventories

2,000

1,500

6

Debtors

Current

2024
£

2023
£

Trade debtors

3,645

6,668

Prepayments

2,585

-

Other debtors

13,471

-

 

19,701

6,668

 

Protek Fire & Security Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

8,166

12,913

Taxation and social security

5,576

11,188

Other creditors

57,218

45,704

70,960

69,805

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

9

Related party transactions

 

Protek Fire & Security Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

9

Related party transactions (continued)

Transactions with directors

2024

At 1 January 2024
£

Advances to director
£

Other payments made to company by director
£

At 31 December 2024
£

Mr C A Bailey

The loans are interest free with no fixed date of repayment.

(44,125)

-

-

(44,125)

Mr G Richards

The loans are interest free with no fixed date of repayment.

(1,420)

8,496

(18,003)

(10,927)

 

Protek Fire & Security Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

9

Related party transactions (continued)

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

45,650

24,939