Protime Clocks Limited Filleted accounts for Companies House (small and micro)

Protime Clocks Limited

Unaudited financial statements

31 December 2025

Company Registration Number 03716628

Protime Clocks Limited

Financial statements

year ended 31 December 2025

Contents	Pages

Balance sheet	1 to 2

Notes to the financial statements	3 to 6

Protime Clocks Limited

Balance sheet

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		283,620	252,318

Current assets

Debtors	5	12,960	3,184
Investments	6	628,609	579,793
Cash at bank and in hand		1,502	3,070
		---------	---------
		643,071	586,047

Creditors: amounts falling due within one year	7	365,294		274,869
		---------		---------
Net current assets			277,777	311,178
			---------	---------
Total assets less current liabilities			561,397	563,496

Creditors: amounts falling due after more than one year	8	120,000	120,000
		---------	---------
Net assets		441,397	443,496
		---------	---------

Capital and reserves

Called up share capital	165,100	165,100
Profit and loss account	276,297	278,396
	---------	---------
Shareholders funds	441,397	443,496
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Protime Clocks Limited

Balance sheet (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 7 September 2026 , and are signed on behalf of the board by:

Mrs B Cheslyn-Curtis	Mr G Cheslyn-Curtis
Director	Director

Company registration number: 03716628

Protime Clocks Limited

Notes to the financial statements

year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Lake View, Whinleys Road, Clarborough, Retford, Notts, DN22 9ND.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

3.1 Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

3.2 Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

3.3 Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

3.4 Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Plant and machinery	-	15% reducing balance
Office equipment	-	25% reducing balance

3.5 Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Tangible assets

Land and buildings	Plant and machinery	Equipment	Total
£	£	£	£

Cost
At 1 January 2025	336,382	29,558	25,395	391,335
Additions	22,364	20,231	200	42,795
	---------	--------	--------	---------
At 31 December 2025	358,746	49,789	25,595	434,130
	---------	--------	--------	---------
Depreciation
At 1 January 2025	92,425	24,275	22,317	139,017
Charge for the year	7,175	3,827	491	11,493
	---------	--------	--------	---------
At 31 December 2025	99,600	28,102	22,808	150,510
	---------	--------	--------	---------
Carrying amount
At 31 December 2025	259,146	21,687	2,787	283,620
	---------	--------	--------	---------
At 31 December 2024	243,957	5,283	3,078	252,318
	---------	--------	--------	---------

5. Debtors

	2025	2024
	£	£

Trade debtors	7,584	2,883
Other debtors	5,376	301
	--------	-------
	12,960	3,184
	--------	-------

6. Investments

	2025	2024
	£	£

Other investments	628,609	579,793
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£

Trade creditors	5,113	8,262
Corporation tax	11,595	17,545
Social security and other taxes	–	846
Other creditors	348,586	248,216
	---------	---------
	365,294	274,869
	---------	---------

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

	2025	2024
	£	£

Bank loans and overdrafts	120,000	120,000
	---------	---------

9. Related party transactions

The company was under the control of Mr G Cheslyn-Curtis throughout the current and previous year. Mr G Cheslyn-Curtis is the managing director and majority shareholder.