Protos Packaging Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02271212 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

PROTOS PACKAGING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T P S Fussell

J H Fussell

SECRETARY:

Mrs N Fussell

REGISTERED OFFICE:

Burma Road

Sharpness

Berkeley

Gloucestershire

GL13 9UQ

REGISTERED NUMBER:

02271212 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Tangible assets

4

72,807

39,572

CURRENT ASSETS

Stocks

404,672

431,779

Debtors

5

331,411

314,596

Cash at bank

536,918

459,133

1,273,001

1,205,508

CREDITORS

Amounts falling due within one year

6

341,184

335,189

NET CURRENT ASSETS

931,817

870,319

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,004,624

909,891

PROVISIONS FOR LIABILITIES

17,736

12,579

NET ASSETS

986,888

897,312

CAPITAL AND RESERVES

Called up share capital

1,607

Capital redemption reserve

393

Retained earnings

984,888

895,312

986,888

897,312

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 28 August 2026 and were signed on its behalf by:

T P S Fussell - Director

J H Fussell - Director

1.	STATUTORY INFORMATION

Protos Packaging 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 the provision of section 1A "Small entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

15% on cost

Computer & Office equipmt

-

15% on cost

Stocks

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

Financial instruments

Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

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.

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.

Provisions

Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Going concern

The directors have considered the risks and issues concerning the company and its activities and no material uncertainties that may cast significant doubt about the company's ability of the company to continue as a going concern have been identified by them.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Computer

Plant and

and

Motor

& Office

machinery

fittings

vehicles

equipmt

Totals

£

COST

At 1 December 2024

512,306

10,817

17,831

19,604

560,558

Additions

20,297

24,034

-

2,167

46,498

Disposals

-

(732

)

-

(4,519

)

(5,251

)

At 30 November 2025

532,603

34,119

17,831

17,252

601,805

DEPRECIATION

At 1 December 2024

483,848

7,220

17,831

12,087

520,986

Charge for year

8,362

1,874

-

1,391

11,627

Eliminated on disposal

-

(478

)

-

(3,137

)

(3,615

)

At 30 November 2025

492,210

8,616

17,831

10,341

528,998

NET BOOK VALUE

At 30 November 2025

40,393

25,503

-

6,911

72,807

At 30 November 2024

28,458

3,597

-

7,517

39,572

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as

restated

£

Trade debtors

223,207

266,788

Other debtors

35,105

28,723

Tax

6,745

Prepayments

66,354

12,340

331,411

314,596

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as

restated

£

Trade creditors

238,793

155,698

Corporation Tax

20,473

1,614

Plastic Packaging Tax

3,168

4,597

Social security and other taxes

13,248

11,957

Pensions Payable

3,031

3,272

VAT

18,071

35,967

Other creditors

39,210

35,383

Directors' loan accounts

4,008

3,902

Accrued expenses

1,182

82,799

341,184

335,189

7.	OTHER FINANCIAL COMMITMENTS

The company had total commitments at the year end of £86,180 (2024: £75,917). This relates to rolling rent on the business premises and a vehicle lease.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2025 and 30 November 2024:

2025

2024

as

restated

£

T P S Fussell

Balance outstanding at start of year

(3,621

)

(3,621

)

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(3,621

)

(3,621

)

J H Fussell

Balance outstanding at start of year

(281

)

(624

)

Amounts advanced

206

655

Amounts repaid

(312

)

(312

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(387

)

(281

)

No interest is charged on the director's loan and there are no set repayment terms.

9.	RELATED PARTY DISCLOSURES

Included within other debtors is an amount due to the company from Nicola Fussell, majority shareholder and company secretary. At the year-end this amounted to £20,754 (2024: £20,754).