REGISTERED NUMBER: 07000285 (England and Wales)

Protrainings Europe Limited

Unaudited Financial Statements

for the year ended

31 August 2024

Page

Balance Sheet

1

Notes to the Financial Statements

2

to

4

FIXED ASSETS

Intangible assets

4

405,000

453,200

Property, plant and equipment

5

40,885

63,632

445,885

516,832

CURRENT ASSETS

Stocks

185,418

226,958

Debtors

6

257,549

240,719

Cash at bank and in hand

921,217

583,441

1,364,184

1,051,118

CREDITORS

Amounts falling due within one year

7

(451,824

)

(506,994

)

NET CURRENT ASSETS

912,360

544,124

TOTAL ASSETS LESS CURRENT LIABILITIES

1,358,245

1,060,956

CREDITORS

Amounts falling due after more than one year

8

(8,078

)

(11,866

)

PROVISIONS FOR LIABILITIES

(10,221

)

(12,090

)

NET ASSETS

1,339,946

1,037,000

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,338,946

1,036,000

SHAREHOLDERS' FUNDS

1,339,946

1,037,000

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

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

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 26 May 2025 and were signed on its behalf by:

Mr K Sleightholm - Director

1.	STATUTORY INFORMATION

Protrainings Europe Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07000285

Registered office:

22 Westside Centre

London Road

Stanway

Colchester

Essex

CO3 8PH

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020 and 2023, is being amortised evenly over its estimated useful life of twenty years.

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.

Improvements to property

-

25% on cost

Plant and machinery

-

33% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on cost

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.

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.

Financial instruments

Basic financial instruments are recognised at amortised cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2023

and 31 August 2024

509,000

AMORTISATION

At 1 September 2023

55,800

Charge for year

48,200

At 31 August 2024

104,000

NET BOOK VALUE

At 31 August 2024

405,000

At 31 August 2023

453,200

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 September 2023

48,596

9,950

108,054

30,974

197,574

Additions

-

-

8,450

-

8,450

At 31 August 2024

48,596

9,950

116,504

30,974

206,024

DEPRECIATION

At 1 September 2023

29,699

7,935

89,134

7,174

133,942

Charge for year

6,299

2,015

15,139

7,744

31,197

At 31 August 2024

35,998

9,950

104,273

14,918

165,139

NET BOOK VALUE

At 31 August 2024

12,598

-

12,231

16,056

40,885

At 31 August 2023

18,897

2,015

18,920

23,800

63,632

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

194,385

176,492

Amounts owed by group undertakings

679

679

Other debtors

62,485

63,548

257,549

240,719

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

4,378

4,450

Trade creditors

32,481

42,751

Amounts owed to group undertakings

5,500

49,000

Taxation and social security

329,994

320,928

Other creditors

79,471

89,865

451,824

506,994

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

8,078

11,866