Company No: 12126194 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	69,678		74,050
		69,678		74,050
Current assets
Stocks	4	2,600		3,500
Debtors	5	54,939		66,444
Cash at bank and in hand		0		4,654
		57,539		74,598
Creditors: amounts falling due within one year	6	( 46,689)		( 69,749)
Net current assets		10,850		4,849
Total assets less current liabilities		80,528		78,899
Creditors: amounts falling due after more than one year	7	( 58,855)		( 53,120)
Net assets		21,673		25,779
Capital and reserves
Called-up share capital	8	1		1
Profit and loss account		21,672		25,778
Total shareholder's funds		21,673		25,779

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

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Protectology Ltd (registered number: 12126194) were approved and authorised for issue by the Board of Directors on 01 May 2026. They were signed on its behalf by:

P Fairhurst Director

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

Protectology Ltd (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 5 Passage Street, Fowey, PL23 1DE, 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

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.

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 reducing balance basis over its expected useful life, as follows:

Plant and machinery	20 % reducing balance
Office equipment	20 % reducing balance

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.

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 is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Tangible assets

	Plant and machinery		Office equipment		Total
	£		£		£
Cost
At 01 August 2024	81,130		2,586		83,716
Additions	3,533		0		3,533
At 31 July 2025	84,663		2,586		87,249
Accumulated depreciation
At 01 August 2024	8,550		1,116		9,666
Charge for the financial year	7,611		294		7,905
At 31 July 2025	16,161		1,410		17,571
Net book value
At 31 July 2025	68,502		1,176		69,678
At 31 July 2024	72,580		1,470		74,050

4. Stocks

	2025		2024
	£		£
Stocks	2,600		3,500

5. Debtors

	2025		2024
	£		£
Trade debtors	23,094		30,542
Other debtors	31,845		35,902
	54,939		66,444

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	12,461		14,256
Trade creditors	646		3,437
Taxation and social security	8,522		0
Obligations under finance leases and hire purchase contracts (secured)	7,693		6,206
Other creditors	17,367		45,850
	46,689		69,749

Finance lease and hire purchase liabilities are secured on the assets to which they relate.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	19,512		6,083
Obligations under finance leases and hire purchase contracts (secured)	39,343		47,037
	58,855		53,120

Finance lease and hire purchase liabilities are secured on the assets to which they relate.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1 Ordinary share share of £ 1.00	1		1

9. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Balance outstanding brought forward	21,682		(18,680)
Amounts advanced	30,096		33,065
Amounts repaid	(22,279)		(30,063)
Balance outstanding at year end	29,499		21,682

Interest is charged on this loan at a rate of 2.25%/3.75% and it is repayable on demand.