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Registered Number: SC469553
Scotland

 

 

 

PROTEKS SYSTEMS LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

Proteks Systems Ltd
Contents Page
For the year ended 31 December 2024
Directors James Mahon Crombie
Jonathon Crombie
Mr James Mahon Crombie
Mrs Janet Crombie
Registered Number SC469553
Registered Office 46 Belhaven Road
Wishaw
Scotland
ML2 7NX
Accountants SJ Accountancy and Tax Ltd
2nd floor, Clyde Offices
48 West George Street
Glasgow
G2 1BP
1
Director's report and financial statements
Proteks Systems LtdThe directors present their annual report and the financial statements for the year ended 31 December 2024.
Principal activities
Principal activity of the company during the financial year was that of weatherproofing walls and roofs.
Directors
The directors who served the company throughout the year were as follows:
James Mahon Crombie
Jonathon Crombie
Mr James Mahon Crombie
Mrs Janet Crombie
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
James Mahon Crombie
Director

Date approved: 26 September 2025
2
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 3 18,484    20,098 
18,484    20,098 
Current assets      
Stocks 4 23,414    33,853 
Debtors 5 16,254    2,579 
Cash at bank and in hand 87,784    111,464 
127,452    147,896 
Creditors: amount falling due within one year 6 (155,505)   (187,819)
Net current assets (28,053)   (39,923)
 
Total assets less current liabilities (9,569)   (19,825)
Creditors: amount falling due after more than one year 7 (4,904)   0 
Provisions for liabilities 8 (3,721)   (3,721)
Net assets (18,194)   (23,546)
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account (18,294)   (5,889)
Shareholders' funds (18,194)   (5,789)
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 26 September 2025 and were signed on its behalf by:


-------------------------------
James Mahon Crombie
Director
3
General Information
Proteks Systems Ltd is a private company, limited by shares, registered in Scotland, registration number SC469553, registration address 46 Belhaven Road, Wishaw, Scotland, ML2 7NX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Plant and Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 5 (2023 : 4).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 January 2024 13,539    16,100    6,645    5,976    42,260 
Additions -    4,750    -    -    4,750 
Disposals -    -    -    -    - 
At 31 December 2024 13,539    20,850    6,645    5,976    47,010 
Depreciation
At 01 January 2024 5,068    3,543    3,213    4,800    16,624 
Charge for year 2,119    8,094    729    445    11,387 
On disposals -    -    515    -    515 
At 31 December 2024 7,187    11,637    4,457    5,245    28,526 
Net book values
Closing balance as at 31 December 2024 6,352    9,213    2,188    731    18,484 
Opening balance as at 01 January 2024 8,471    7,534    2,917    1,176    20,098 


4.

Stocks

2024
£		   2023
£
Stocks 23,414    33,853 
23,414    33,853 

5.

Debtors: amounts falling due within one year

2024
£		   2023
£
Trade Debtors 13,675    0 
Prepayments & Accrued Income 1,329    1,329 
Other Debtors 1,250    1,250 
16,254    2,579 

6.

Creditors: amount falling due within one year

2024
£		   2023
£
Trade Creditors 41,804    9,156 
Corporation Tax 19,426    17,815 
PAYE & Social Security 19,710    20,805 
Accrued Expenses 0    32,501 
Other Creditors 2,750    (3)
Directors' Current Accounts 26,058    59,401 
VAT 45,757    48,144 
155,505    187,819 

7.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Bank Loans & Overdrafts 4,904    0 
4,904    0 

8.

Provisions for liabilities

2024
£		   2023
£
Deferred Tax 3,721    3,721 
3,721    3,721 

4