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REGISTERED NUMBER: 10129827 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Protech City Ltd

Protech City Ltd (Registered number: 10129827)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Protech City Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: B Ward
G Ward





REGISTERED OFFICE: Protech
9 Fern Court
Peterlee
SR8 2RR





REGISTERED NUMBER: 10129827 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Wynyard Business Park
Wynyard Avenue
Billingham
Cleveland
TS22 5TB

Protech City Ltd (Registered number: 10129827)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 3 358,026 358,524

Current assets
Debtors 4 16,402 30,947
Cash at bank and in hand 25,209 28,464
41,611 59,411
Creditors
Amounts falling due within one year 5 (195,410 ) (221,008 )
Net current liabilities (153,799 ) (161,597 )
Total assets less current liabilities 204,227 196,927

Capital and reserves
Called up share capital 100 100
Other reserves 6 29,065 29,065
Retained earnings 6 175,062 167,762
204,227 196,927

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

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

Protech City Ltd (Registered number: 10129827)

Balance Sheet - continued
30 September 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 25 June 2025 and were signed on its behalf by:





B Ward - Director


Protech City Ltd (Registered number: 10129827)

Notes to the Financial Statements
for the Year Ended 30 September 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 as modified by the revaluation of certain assets.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on 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.

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.

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

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 11 ) .

Protech City Ltd (Registered number: 10129827)

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

3. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 334,605 55,287 15,093 8,646 413,631
Additions - 10,358 5,215 7,749 23,322
At 30 September 2024 334,605 65,645 20,308 16,395 436,953
DEPRECIATION
At 1 October 2023 28,556 16,615 6,874 3,062 55,107
Charge for year 6,693 12,259 2,384 2,484 23,820
At 30 September 2024 35,249 28,874 9,258 5,546 78,927
NET BOOK VALUE
At 30 September 2024 299,356 36,771 11,050 10,849 358,026
At 30 September 2023 306,049 38,672 8,219 5,584 358,524

Properties are required to be disclosed within the financial statements at fair value.

The valuation was made by directors on an open market value basis by reference to market evidence of transaction prices for similar properties.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,762 12,515
Amounts owed by group undertakings 245 1,396
Other debtors 620 -
Prepayments 7,775 17,036
16,402 30,947

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17,939 18,837
Corporation tax 4,346 3,390
Social security and other tax 4,978 3,923
VAT 8,949 2,810
Other creditors 118,279 2,501
Directors' current accounts 22,071 176,199
Accrued expenses 18,848 13,348
195,410 221,008

Protech City Ltd (Registered number: 10129827)

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

6. RESERVES

PROFIT AND LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

FAIR VALUE RESERVES
The Company uses the revaluation model for the measurement of its freehold properties. The reserve records the revaluation surplus recognised less the related provision for deferred tax. This is a non distributable reserve.

7. RELATED PARTY DISCLOSURES

As at balance sheet date, company owned £245 (2023- £1,396) from Bumblebee Computers Ltd in which directors have common interest.