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REGISTERED NUMBER: 07662470 (England and Wales)












PROFESSIONAL TECHNICAL CONSULTING
LIMITED
TRADING AS
PROTEC SERVICES

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






PROFESSIONAL TECHNICAL CONSULTING
LIMITED (REGISTERED NUMBER: 07662470)
TRADING AS PROTEC SERVICES

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PROFESSIONAL TECHNICAL CONSULTING
LIMITED
TRADING AS PROTEC SERVICES

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: I M Brown
Mrs S A Brown
Miss C M J Brown





REGISTERED OFFICE: 4 Westmour Units Warwick Road
Fairfield Industrial Estate
Louth
Lincolnshire
LN11 0YB





REGISTERED NUMBER: 07662470 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Louth)
Chartered Certified Accountants
1 Eastgate
Louth
Lincolnshire
LN11 9NB

PROFESSIONAL TECHNICAL CONSULTING
LIMITED (REGISTERED NUMBER: 07662470)
TRADING AS PROTEC SERVICES

ABRIDGED BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 283,967 201,005
283,967 201,005

CURRENT ASSETS
Stocks 4,997 5,544
Debtors 149,007 180,167
Cash at bank and in hand 239,086 263,657
393,090 449,368
CREDITORS
Amounts falling due within one year 114,778 154,731
NET CURRENT ASSETS 278,312 294,637
TOTAL ASSETS LESS CURRENT
LIABILITIES

562,279

495,642

CREDITORS
Amounts falling due after more than one year 5 (115,322 ) (92,075 )

PROVISIONS FOR LIABILITIES (28,423 ) (7,253 )
NET ASSETS 418,534 396,314

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 418,434 396,214
418,534 396,314

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

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

PROFESSIONAL TECHNICAL CONSULTING
LIMITED (REGISTERED NUMBER: 07662470)
TRADING AS PROTEC SERVICES

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 14 May 2025 and were signed on its behalf by:




I M Brown - Director



Mrs S A Brown - Director


PROFESSIONAL TECHNICAL CONSULTING
LIMITED (REGISTERED NUMBER: 07662470)
TRADING AS PROTEC SERVICES

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012 has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Freehold property - 10% on cost
Long leasehold - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance

Where freehold property is maintained to such a standard that the residual value is not less than its cost, no depreciation is charged as it is not material.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

PROFESSIONAL TECHNICAL CONSULTING
LIMITED (REGISTERED NUMBER: 07662470)
TRADING AS PROTEC SERVICES

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


1. 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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 12 ) .

3. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024
and 31 December 2024 25,000
AMORTISATION
At 1 January 2024
and 31 December 2024 25,000
NET BOOK VALUE

At 31 December 2024 -
At 31 December 2023 -

PROFESSIONAL TECHNICAL CONSULTING
LIMITED (REGISTERED NUMBER: 07662470)
TRADING AS PROTEC SERVICES

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


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 259,245
Additions 121,297
Disposals (53,017 )
At 31 December 2024 327,525
DEPRECIATION
At 1 January 2024 58,240
Charge for year 25,973
Eliminated on disposal (40,655 )
At 31 December 2024 43,558
NET BOOK VALUE
At 31 December 2024 283,967
At 31 December 2023 201,005

Included in cost of land and buildings is freehold land of £163,543 (2023 - £163,543) which is not depreciated.. This was purchased with a secured bank loan in the year and consisted of 4 Westmour Units at Warwick Road, Fairfield Industrial Estate, Louth Lincolnshire LN11 0YB.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 61,100
At 31 December 2024 61,100
DEPRECIATION
Charge for year 10,225
At 31 December 2024 10,225
NET BOOK VALUE
At 31 December 2024 50,875

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 42,506 51,847