Protool (Wales) Limited

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

Registered number: 07920234

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	50		100
Debtors	5	2,373		4,404
Cash at bank and in hand		4,142		9,492

		6,565		13,996
Creditors: Amounts Falling Due Within One Year	6	(4,133 )		(5,537 )

NET CURRENT ASSETS (LIABILITIES)			2,432		8,459

TOTAL ASSETS LESS CURRENT LIABILITIES			2,432		8,459

Creditors: Amounts Falling Due After More Than One Year	7		(3,741 )		(6,162 )

NET (LIABILITIES)/ASSETS			(1,309 )		2,297

CAPITAL AND RESERVES
Called up share capital	8		1,000		1,000
Profit and Loss Account			(2,309 )		1,297

SHAREHOLDERS' FUNDS			(1,309)		2,297

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Mark Flicker

Director

05/02/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Protool (Wales) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07920234 . The registered office is 54 Garden Street, Llanbradach, Caerphilly, CF83 3LZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, adjusted if necessary for accrued or deferred income. The company is not registered for VAT.

2.3. 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. Stocks of materials are valued at cost price net of any trade discounts received. WIP is valued at cost of labour and materials only.

2.4. 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.

2.5. Taxation

Corporation tax is calculated on the basis of the operating profit for the period reported upon adjusted for disallowed costs and capital allowances. Provision is made for deferred tax in the event of the net book value of the company's assets exceeding their written down value for tax purposes.

2.6. Pensions

The company contributes to a defined pension contribution scheme managed by Aviva. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Sales, marketing and distribution	1	-
Manufacturing	-	1

	1	1

4. Stocks

	2025	2024
	£	£
Materials	50	100

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,373	4,404

Page 2

Page 3

Protool (Wales) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	110
Corporation tax	3,611	2,712
Other taxes and social security	-	107
VAT	-	903
Accruals and deferred income	418	428
Director's loan account	104	1,277

	4,133	5,537

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

	2025	2024
	£	£
Bank loans	3,741	6,162

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

9. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	19,000	11,000

10. Ultimate Controlling Party

The company's ultimate controlling party is Mr Mark Flicker by virtue of his ownership of 100% of the issued share capital in the company.