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REGISTERED NUMBER: 12312461 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Protex Financial Ltd

Protex Financial Ltd (Registered number: 12312461)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Protex Financial Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr S Walton
Mrs K Walton





REGISTERED OFFICE: Digital House
Dovecot Street
Stockton on Tees
TS18 1LL





REGISTERED NUMBER: 12312461 (England and Wales)





ACCOUNTANTS: APC Accountancy
Chartered Accountants
73 Gilkes Street
Middlesbrough
TS1 5EH

Protex Financial Ltd (Registered number: 12312461)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 9,000 10,800
Tangible assets 5 3,156 5,121
12,156 15,921

CURRENT ASSETS
Debtors 6 5,500 -
Cash at bank 25,021 19,422
30,521 19,422
CREDITORS
Amounts falling due within one year 7 24,536 18,846
NET CURRENT ASSETS 5,985 576
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,141

16,497

PROVISIONS FOR LIABILITIES 8 721 900
NET ASSETS 17,420 15,597

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 17,418 15,595
17,420 15,597

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Protex Financial Ltd (Registered number: 12312461)

Balance Sheet - continued
30 November 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 20 May 2025 and were signed on its behalf by:




Mr S Walton - Director



Mrs K Walton - Director


Protex Financial Ltd (Registered number: 12312461)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Protex Financial Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment loss.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual
provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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.

Protex Financial Ltd (Registered number: 12312461)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 18,000
AMORTISATION
At 1 December 2023 7,200
Charge for year 1,800
At 30 November 2024 9,000
NET BOOK VALUE
At 30 November 2024 9,000
At 30 November 2023 10,800

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 9,827
DEPRECIATION
At 1 December 2023 4,706
Charge for year 1,965
At 30 November 2024 6,671
NET BOOK VALUE
At 30 November 2024 3,156
At 30 November 2023 5,121

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 5,500 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Taxation and social security 11,750 5,800
Other creditors 12,786 13,046
24,536 18,846

Protex Financial Ltd (Registered number: 12312461)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax 721 900

Deferred
tax
£   
Balance at 1 December 2023 900
Movement (179 )
Balance at 30 November 2024 721

9. RELATED PARTY DISCLOSURES

As at the 30 November 2024 the company owed its directors £59 (2023 £96).

Mr S Walton & Mrs K Walton are directors of Virtually Branded Ltd.

Mrs K Walton is a director of Stunt Drive North East Ltd.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is that of it's directors.