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REGISTERED NUMBER: 08577450 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Protheros Garage Limited

Protheros Garage Limited (Registered number: 08577450)

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

Protheros Garage Limited (Registered number: 08577450)

Balance Sheet

30 June 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 34,272 |  | 36,300 |  |

34,272 |  | 36,300 |  |

CURRENT ASSETS

Stocks | 6 | 6,829 |  | 6,829 |  |

Debtors | 7 | 12,757 |  | 13,928 |  |

Cash at bank and in hand | 176,488 |  | 143,735 |  |

196,074 |  | 164,492 |  |

CREDITORS

Amounts falling due within one year | 8 | 142,534 |  | 127,293 |  |

NET CURRENT ASSETS | 53,540 |  | 37,199 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 87,812 |  | 73,499 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (650 | ) | (4,667 | ) |

PROVISIONS FOR LIABILITIES | (627 | ) | (3,795 | ) |

NET ASSETS | 86,535 |  | 65,037 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 100 |  | 100 |  |

Retained earnings | 86,435 |  | 64,937 |  |

SHAREHOLDERS' FUNDS | 86,535 |  | 65,037 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Protheros Garage Limited (Registered number: 08577450)

Balance Sheet - continued

30 June 2025

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 January 2026 and were signed on its behalf by:

Mr CD Prothero - Director

Mr D Prothero - Director

Protheros Garage Limited (Registered number: 08577450)

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| Protheros Garage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 08577450

| Registered office: | Unit 1 The Cam Centre

| Wilbury Way

| Hitchin

| Hertfordshire

| SG4 0TW

2. | ACCOUNTING POLICIES

| Summary of significant accounting policies and key accounting estimates

| The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

| Statement of compliance

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

| Turnover

| Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

| The company recognises revenue when:

| The amount of revenue can be reliably measured;

| it is probable that future economic benefits will flow to the entity;

| and specific criteria have been met for each of the company's activities.

| Government grants

| Grants relating to revenue are recognised in income on a systematic basis over the periods in which the business recognises related costs which the grant is intended to compensate.

| A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.

| Goodwill

| Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery | - | 20% on reducing balance

| Fixtures and fittings | - | 20% on reducing balance

| Motor vehicles | - | 20% on reducing balance

| Computer equipment | - | 20% on reducing balance

| Judgements

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Protheros Garage Limited (Registered number: 08577450)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

| Basis of preparation

| These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

| The financial statements are prepared in sterling, which is the functional currency of the entity.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

| 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.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash on hand and call deposits.

| Trade debtors

| Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

| Trade debtors are recognised initially at the transaction price.

| Trade creditors

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

| Trade creditors are recognised initially at the transaction price.

Protheros Garage Limited (Registered number: 08577450)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2024 - 4 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 71,020 |  |

| AMORTISATION

| At 1 July 2024

| and 30 June 2025 | 71,020 |  |

| NET BOOK VALUE

| At 30 June 2025 | - |  |

| At 30 June 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 July 2024 | 24,951 |  | 7,421 |  | 42,243 |  | 1,757 |  | 76,372 |  |

| Additions | - |  | - |  | 25,580 |  | 248 |  | 25,828 |  |

| Disposals | - |  | - |  | (35,360 | ) | - |  | (35,360 | ) |

| At 30 June 2025 | 24,951 |  | 7,421 |  | 32,463 |  | 2,005 |  | 66,840 |  |

| DEPRECIATION

| At 1 July 2024 | 17,971 |  | 4,173 |  | 17,611 |  | 317 |  | 40,072 |  |

| Charge for year | 1,396 |  | 649 |  | 5,967 |  | 341 |  | 8,353 |  |

| Eliminated on disposal | - |  | - |  | (15,857 | ) | - |  | (15,857 | ) |

| At 30 June 2025 | 19,367 |  | 4,822 |  | 7,721 |  | 658 |  | 32,568 |  |

| NET BOOK VALUE

| At 30 June 2025 | 5,584 |  | 2,599 |  | 24,742 |  | 1,347 |  | 34,272 |  |

| At 30 June 2024 | 6,980 |  | 3,248 |  | 24,632 |  | 1,440 |  | 36,300 |  |

6. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 5,722 |  | 5,722 |  |

| Work-in-progress | 1,107 |  | 1,107 |  |

6,829 |  | 6,829 |  |

Protheros Garage Limited (Registered number: 08577450)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 7,054 |  | 8,709 |  |

| Other debtors | 5,703 |  | 5,219 |  |

12,757 |  | 13,928 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 5,830 |  | 4,000 |  |

| Trade creditors | 8,549 |  | 12,763 |  |

| Taxation and social security | 39,564 |  | 35,016 |  |

| Other creditors | 88,591 |  | 75,514 |  |

142,534 |  | 127,293 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| Within creditors there is a bounce back loan from the government provided through Lloyds bank. This is split between a current liability repayable within one year of £4,000 and a non-current liability repayable over one year of £650. As per government regulations there is no security required on this loan by either Protheros Garage Limited or the directors.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary shares | £1 | 100 |  | 100 |  |

11. | RELATED PARTY DISCLOSURES

| At the balance sheet date the company owed Mr D Prothero, a director of the company, £84,910 (2024: £71,928) and Mr C Prothero, a director of the company, £333 (2024: £176). There are no terms relating to the repayment of this loan and no interest is being charged.

12. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr D Prothero, by virtue of his majority shareholding.