REGISTERED NUMBER: 01066364 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

PROTOCON ENGINEERING LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

M J Smith

REGISTERED OFFICE:

Stock Road

Southend on Sea

Essex

SS2 5QF

REGISTERED NUMBER:

01066364 (England and Wales)

ACCOUNTANTS:

Goldwyns Limited

Chartered Accountants

1 Nelson Mews

Southend on Sea

Essex

SS1 1AL

FIXED ASSETS

Tangible assets

4

76,864

103,464

CURRENT ASSETS

Stocks

113,285

93,835

Debtors

147,245

221,983

Cash at bank

22,982

40,390

283,512

356,208

CREDITORS

Amounts falling due within one year

206,643

280,642

NET CURRENT ASSETS

76,869

75,566

TOTAL ASSETS LESS CURRENT LIABILITIES

153,733

179,030

CREDITORS

Amounts falling due after more than one year

5

(105,960

)

(144,515

)

PROVISIONS FOR LIABILITIES

(4,531

)

(9,593

)

NET ASSETS

43,242

24,922

CAPITAL AND RESERVES

Called up share capital

7

1,430

1,430

Share premium

29,570

29,570

Revaluation reserve

8

6,766

6,766

Retained earnings

5,476

(12,844

)

SHAREHOLDERS' FUNDS

43,242

24,922

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 June 2026 and were signed by:

M J Smith - Director

1.	STATUTORY INFORMATION

Protocon Engineering 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.

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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

Straight line over 50 years

Plant and machinery

-

at varying rates on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on reducing balance

The company's freehold property was valued on the basis of open market value for existing use in 1992. On adoption of Financial Reporting Standard for Smaller Entities, the company followed the transitional provisions to retain the book value of its freehold property which was revalued in 1992 and not to adopt a policy of revaluation in the future. Upon transition to the Financial Reporting Standard 102, this has subsequently been retained as the historical cost.

Plant and machinery is depreciated to a residual value of 20% on cost, on a straight line basis, over five years. This residual value is then depreciated to zero on a straight line basis for a further five years.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 October 2024

1,482,881

Additions

3,183

At 30 September 2025

1,486,064

DEPRECIATION

At 1 October 2024

1,379,417

Charge for year

29,783

At 30 September 2025

1,409,200

NET BOOK VALUE

At 30 September 2025

76,864

At 30 September 2024

103,464

The leasehold interest in the land and buildings was valued on 1 September 1992 by Frederick Hair & Son, Chartered Surveyors at an open market value on the basis of existing use of £82,500. During the year ended 30 September 1993 the freehold reversion was acquired at a cost of £23,000.

The net book value of freehold land and buildings at 30 September 2025 determined according to the historical cost convention is £32,957 (2024 - £34,222).

Cost or valuation at 30 September 2025 is represented by:

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

Valuation in 1990

46,576

-

-

-

46,576

Valuation in 1992

(15,378

)

-

-

-

(15,378

)

Cost

81,424

1,239,647

37,118

96,677

1,454,866

112,622

1,239,647

37,118

96,677

1,486,064

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST OR VALUATION

At 1 October 2024

and 30 September 2025

77,890

DEPRECIATION

At 1 October 2024

49,850

Charge for year

12,462

At 30 September 2025

62,312

NET BOOK VALUE

At 30 September 2025

15,578

At 30 September 2024

28,040

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

Bank loans more 5 yr by instal

51,487

66,693

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

138,038

184,029

Hire purchase contracts

8,289

21,062

146,327

205,091

The lease purchase contracts are secured against the assets to which they relate.

The bank overdraft and loans are secured against all the assets of the company by way of a debenture charge. In addition a separate legal charge was introduced against Units 12a2 and 12a3.

Other loans consists of a Coronavirus Business Interruption Loan and a Bounce Back Loan, which are backed by a partial guarantee from the UK government.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,430

Ordinary A

1.00

1,430

1,430

8.

RESERVES

Revaluation

reserve

£

At 1 October 2024

and 30 September 2025

6,766

9.	PENSION COMMITMENTS

The company operates a defined pension scheme in respect of certain employees. During the year premiums paid by the company amounted to £10,579 (2024 - £12,952). At the balance sheet date there were amounts outstanding of £4,988 (2024 - £4,894).

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Protocon Engineering Limited for the year ended 30 September 2025 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Protocon Engineering Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Protocon Engineering Limited and state those matters that we have agreed to state to the director of Protocon Engineering Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Protocon Engineering Limited and its director for our work or for this report.

It is your duty to ensure that Protocon Engineering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Protocon Engineering Limited. You consider that Protocon Engineering Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Protocon Engineering Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Goldwyns Limited

Chartered Accountants

1 Nelson Mews

Southend on Sea

Essex

SS1 1AL

22 June 2026