Company No: 08509599 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	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

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).