REGISTERED NUMBER: 04855177 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PRO-TECH CNC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S. W. Hatcher

REGISTERED OFFICE:

279 Brookside

Burbage

Hinckley

Leicestershire

LE10 2TJ

REGISTERED NUMBER:

04855177 (England and Wales)

ACCOUNTANTS:

Armstrongs

Chartered Accountants

25 Station Road

Hinckley

Leicestershire

LE10 1AP

FIXED ASSETS

Tangible assets

4

270,342

333,247

CURRENT ASSETS

Stocks

95,654

319,457

Debtors

5

107,667

99,732

Cash at bank

150,609

160,929

353,930

580,118

CREDITORS

Amounts falling due within one year

6

154,090

276,927

NET CURRENT ASSETS

199,840

303,191

TOTAL ASSETS LESS CURRENT LIABILITIES

470,182

636,438

CREDITORS

Amounts falling due after more than one year

7

(60,575

)

(150,835

)

PROVISIONS FOR LIABILITIES

(51,365

)

(83,312

)

NET ASSETS

358,242

402,291

CAPITAL AND RESERVES

Called up share capital

8

417

417

Capital redemption reserve

583

583

Retained earnings

357,242

401,291

SHAREHOLDERS' FUNDS

358,242

402,291

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18 September 2025 and were signed by:

S. W. Hatcher - Director

1.	STATUTORY INFORMATION

Pro-Tech CNC Limited 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Machinery and equipment

-

20% on reducing balance

Fixtures, fittings and office equipment

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete to sell.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Improvements

Machinery

and

to

and

office

Motor

property

equipment

equipment

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

15,258

901,370

43,005

33,000

992,633

Additions

-

-

2,848

-

2,848

At 31 December 2024

15,258

901,370

45,853

33,000

995,481

DEPRECIATION

At 1 January 2024

15,258

607,809

21,881

14,438

659,386

Charge for year

-

58,715

2,398

4,640

65,753

At 31 December 2024

15,258

666,524

24,279

19,078

725,139

NET BOOK VALUE

At 31 December 2024

-

234,846

21,574

13,922

270,342

At 31 December 2023

-

293,561

21,124

18,562

333,247

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Machinery

and

equipment

£

COST

At 1 January 2024

and 31 December 2024

79,900

DEPRECIATION

At 1 January 2024

15,980

Charge for year

12,784

At 31 December 2024

28,764

NET BOOK VALUE

At 31 December 2024

51,136

At 31 December 2023

63,920

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

77,704

82,043

Amounts owed by group undertakings

23,117

5,905

Other debtors

6,846

11,784

107,667

99,732

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

68,973

47,707

Hire purchase contracts

5,875

5,875

Trade creditors

26,445

155,271

Taxation and social security

45,782

61,806

Other creditors

7,015

6,268

154,090

276,927

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

24,384

108,769

Hire purchase contracts

36,191

42,066

60,575

150,835

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

417

Ordinary

£1

417

417

9.	ULTIMATE CONTROLLING PARTY

The ultimate holding company is Sav-Tech Holdings Limited which owns 100% of the share capital of Pro-Tech CNC Limited.