PTG Workholding Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

PTG Workholding Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02963866 . The registered office is 6 Houndiscombe Road, Plymouth, Devon, PL4 6HH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

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.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Improvements	10% straight line
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	25% reducing balance

2.4. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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PTG Workholding Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 4)

4. Tangible Assets

	Land & Property
	Improvements	Plant & Machinery	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	5,700	20,577	16,417	42,694
Disposals	(5,700 )	(20,577 )	-	(26,277 )

As at 31 March 2025	-	-	16,417	16,417

Depreciation
As at 1 April 2024	5,700	20,577	15,116	41,393
Provided during the period	-	-	326	326
Disposals	(5,700 )	(20,577 )	-	(26,277 )

As at 31 March 2025	-	-	15,442	15,442

Net Book Value
As at 31 March 2025	-	-	975	975

As at 1 April 2024	-	-	1,301	1,301

5. Stocks

	2025	2024
	£	£
Stock	51,328	60,198

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	217,116	110,165
Amounts owed by group undertakings	372,460	185,725
Other debtors	16,884	11,798

	606,460	307,688

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PTG Workholding Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	200,993	126,470
Bank loans and overdrafts	10,000	10,000
Amounts owed to group undertakings	7,500	-
Other creditors	9,518	7,813
Taxation and social security	30,730	59,124

	258,741	203,407

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	4,167	14,167

9. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	10,000	10,000

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	4,167	14,167

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

11. Other Commitments

The total of future minimum lease payments are as following:

	2025	2024
	£	£
Not later than one year	5,973	5,973
Later than one year and not later than five years	4,480	10,454

	10,453	16,427

The amount of operating lease payments recognised as an expense during the year was £5,389 (2024 - £5,389).

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PTG Workholding Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

12. Controlling Parties

The ultimate parent undertaking is Applied Automation (Holdings) Limited (incorporated in England & Wales). Its registered office is 6 Houndiscombe Road, Plymouth, United Kingdom, PL4 6HH .

Applied Automation (Holdings) Limited prepare consolidated accounts that include the results of PTG Workholidng Limited. These consolidated accounts are available for public download from the Companies House website.

The company's controlling party is David and Valarie Rowe by virtue of their interest in the share capital of the company.

13. Audit Information

The auditor's report on the accounts of PTG Workholding Limited for the year ended 31 March 2025 was unqualified.

The auditor's report was signed by Richard Bakker (Senior Statutory Auditor) for and on behalf of Sumer Audit , Statutory Auditor.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		975		1,301

			975		1,301
CURRENT ASSETS
Stocks	5	51,328		60,198
Debtors	6	606,460		307,688
Cash at bank and in hand		244,799		408,694

		902,587		776,580
Creditors: Amounts Falling Due Within One Year	7	(258,741 )		(203,407 )

NET CURRENT ASSETS (LIABILITIES)			643,846		573,173

TOTAL ASSETS LESS CURRENT LIABILITIES			644,821		574,474

Creditors: Amounts Falling Due After More Than One Year	8		(4,167 )		(14,167 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(244 )		(325 )

NET ASSETS			640,410		559,982

CAPITAL AND RESERVES
Called up share capital	10		2		2
Capital redemption reserve			2		2
Profit and Loss Account			640,406		559,978

SHAREHOLDERS' FUNDS			640,410		559,982