REGISTERED NUMBER: 08656441 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Protean Product Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D A Carr

P L V Clark

A G Wall

A A Donnelly

REGISTERED OFFICE:

Leofric House

Binley Road

Coventry

CV3 1JN

REGISTERED NUMBER:

08656441 (England and Wales)

ACCOUNTANTS:

Leigh Christou Ltd

Chartered Certified Accountants

Leofric House

Binley Road

Coventry

CV3 1JN

FIXED ASSETS

Tangible assets

4

1,571

3,209

CURRENT ASSETS

Debtors

5

7,282

1,588

Cash at bank

7,266

10,394

14,548

11,982

CREDITORS

Amounts falling due within one year

6

2,762

2,794

NET CURRENT ASSETS

11,786

9,188

TOTAL ASSETS LESS CURRENT LIABILITIES

13,357

12,397

PROVISIONS FOR LIABILITIES

393

802

NET ASSETS

12,964

11,595

CAPITAL AND RESERVES

Called up share capital

110

110

Retained earnings

12,854

11,485

12,964

11,595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

A G Wall - Director

D A Carr - Director

P L V Clark - Director

A A Donnelly - Director

1.	STATUTORY INFORMATION

Protean Product Developments 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

2,003

9,395

11,398

DEPRECIATION

At 1 April 2024

895

7,294

8,189

Charge for year

277

1,361

1,638

At 31 March 2025

1,172

8,655

9,827

NET BOOK VALUE

At 31 March 2025

831

740

1,571

At 31 March 2024

1,108

2,101

3,209

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by group undertakings

7,172

1,478

Other debtors

110

110

7,282

1,588

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

549

546

Amounts owed to group undertakings

-

216

Tax

609

405

VAT

314

417

Accrued expenses

1,290

1,210

2,762

2,794

7.	RELATED PARTY DISCLOSURES

During the year the company made sales to Artefekz Limited a company which has certain individuals who are directors and shareholders who are common to both companies amounting to £2,095. At the 31.03.25 £1,078 was outstanding in respect of this.

During the year the company made sales to Defenda Packaging Limited which has certain individuals who are directors and shareholders who are common to both companies amounting to £10,296. At the 31.03.25 £4,828 was outstanding in respect of this.

During the year the company made sales to and purchases from Defenda Transport and Logistics Limited which has certain individuals who are directors and shareholders who are common to both companies amounting to £3,083 and £1,998. At the 31.03.25 £263 was outstanding in respect of this.

During the year the company made sales to Defenda Marketing Limited which has certain individuals who are directors and shareholders who are common to both companies amounting to £1,541. At the 31.03.25 £779 was outstanding in respect of this.

During the year the company made purchases from Protean Group Holding Limited which has certain individuals who are directors and shareholders who are common to both companies amounting to £89. At the 31.03.25 £224 (2024: £135) was outstanding in respect of this,

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P Clark by virtue of his majority shareholding in the company.