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Company No: 08509599 (England and Wales)

# PROTOCOOL LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

PROTOCOOL LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

PROTOCOOL LIMITED

## BALANCE SHEET

As at 31 March 2025
PROTOCOOL LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 329,780 |  | 390,066
|  | 329,780 |  | 390,066
Current assets |  |  |  |
Stocks | 5 | 44,535 |  | 44,495
Debtors | 6 | 121,561 |  | 104,876
Cash at bank and in hand | 7 | 219,633 |  | 164,625
|  | 385,729 |  | 313,996
Creditors: amounts falling due within one year | 8 | ( 375,125) |  | ( 332,972)
Net current assets/(liabilities) |  | 10,604 |  | (18,976)
Total assets less current liabilities |  | 340,384 |  | 371,090
Creditors: amounts falling due after more than one year | 9 | ( 145,824) |  | ( 189,256)
Provision for liabilities | 10 | ( 39,838) |  | ( 54,909)
Net assets |  | 154,722 |  | 126,925
Capital and reserves |  |  |  |
Called-up share capital | 11 | 100 |  | 100
Profit and loss account |  | 154,622 |  | 126,825
Total shareholders' funds |  | 154,722 |  | 126,925

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

Director's responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Protocool Limited (registered number: 08509599) were approved and authorised for issue by the Director. They were signed on its behalf by:

S J Crame Director |

07 October 2025

PROTOCOOL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
PROTOCOOL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Protocool Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 1, Comet House Calleva Park, Aldermaston, Reading, RG7 8JA, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 10 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements | not depreciated
Plant and machinery | 4 years straight line
Vehicles | 25 % reducing balance
Fixtures and fittings | 4 years straight line
Office equipment | 3.33 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 15 |  | 18

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 30,000 |  | 30,000
At 31 March 2025 | 30,000 |  | 30,000
Accumulated amortisation |  |  |
At 01 April 2024 | 30,000 |  | 30,000
At 31 March 2025 | 30,000 |  | 30,000
Net book value |  |  |
At 31 March 2025 | 0 |  | 0
At 31 March 2024 | 0 |  | 0

#### 4. Tangible assets

| Leasehold improve- ments |  | Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |
At 01 April 2024 | 170,431 |  | 15,096 |  | 279,450 |  | 46,919 |  | 30,172 |  | 542,068
Additions | 0 |  | 899 |  | 0 |  | 1,485 |  | 0 |  | 2,384
Disposals | 0 |  | ( 2,649) |  | ( 30,460) |  | ( 1,761) |  | ( 966) |  | ( 35,836)
At 31 March 2025 | 170,431 |  | 13,346 |  | 248,990 |  | 46,643 |  | 29,206 |  | 508,616
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |
At 01 April 2024 | 0 |  | 7,595 |  | 90,491 |  | 32,565 |  | 21,351 |  | 152,002
Charge for the financial year | 0 |  | 2,947 |  | 34,022 |  | 6,892 |  | 5,103 |  | 48,964
Disposals | 0 |  | ( 2,649) |  | ( 17,371) |  | ( 1,761) |  | ( 349) |  | ( 22,130)
At 31 March 2025 | 0 |  | 7,893 |  | 107,142 |  | 37,696 |  | 26,105 |  | 178,836
Net book value |  |  |  |  |  |  |  |  |  |  |
At 31 March 2025 | 170,431 |  | 5,453 |  | 141,848 |  | 8,947 |  | 3,101 |  | 329,780
At 31 March 2024 | 170,431 |  | 7,501 |  | 188,959 |  | 14,354 |  | 8,821 |  | 390,066
Leased assets included above: |  |  |  |  |  |  |  |  |  |  |
Net book value |  |  |  |  |  |  |  |  |  |  |
At 31 March 2025 | 0 |  | 0 |  | 136,526 |  | 0 |  | 0 |  | 136,526
At 31 March 2024 | 0 |  | 0 |  | 182,864 |  | 0 |  | 0 |  | 182,864

#### 5. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 44,535 |  | 44,495

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 112,151 |  | 73,409
Prepayments and accrued income | 9,410 |  | 31,452
Other debtors | 0 |  | 15
| 121,561 |  | 104,876

#### 7. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 219,633 |  | 164,625

#### 8. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 13,286 |  | 12,850
Trade creditors | 110,914 |  | 72,529
Accruals and deferred income | 99,815 |  | 111,456
Corporation tax | 51,786 |  | 21,737
Other taxation and social security | 30,459 |  | 58,203
Obligations under finance leases and hire purchase contracts | 38,122 |  | 43,036
Other creditors | 30,743 |  | 13,161
| 375,125 |  | 332,972

#### 9. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts | 110,308 |  | 123,295
Obligations under finance leases and hire purchase contracts | 35,516 |  | 65,961
| 145,824 |  | 189,256

The hire purchase contracts are secured over the assets to which they relate.

Bank loans |  |  |
| 2025 |  | 2024
| £ |  | £
Between one and two years | 15,582 |  | 25,496
Between two and five years | 12,035 |  | 11,371
After five years | 82,691 |  | 86,428
| 110,308 |  | 123,295
On demand or within one year | 13,286 |  | 12,850
| 123,594 |  | 136,145

Finance leases |  |  |
| 2025 |  | 2024
| £ |  | £
Between one and two years | 31,053 |  | 38,123
Between two and five years | 4,463 |  | 27,838
After five years | 0 |  | 0
| 35,516 |  | 65,961
On demand or within one year | 38,122 |  | 43,036
| 73,638 |  | 108,997

Total borrowings including finance leases |  |  |
| 2025 |  | 2024
| £ |  | £
Between one and two years | 46,635 |  | 63,619
Between two and five years | 16,498 |  | 39,209
After five years | 82,691 |  | 86,428
| 145,824 |  | 189,256
On demand or within one year | 51,408 |  | 55,886
| 197,232 |  | 245,142

#### 10. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 54,909) |  | ( 46,814)
Credited/(charged) to the Profit and Loss Account | 15,071 |  | ( 8,095)
At the end of financial year | ( 39,838) |  | ( 54,909)

The deferred taxation balance is made up as follows:

| 2025 |  | 2024
| £ |  | £
Accelerated capital allowances | ( 39,838) |  | ( 54,909)

#### 11. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 12. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

| 2025 |  | 2024
| £ |  | £
Unpaid contributions due to the fund (inc. in other creditors) | 2,051 |  | 2,668

The pension cost charge represents contributions payable by the Company to the fund and amounted to £27,617 (2023 - £23,082).