ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

PROTEX HOLDINGS LIMITED - Company Information

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Caseware UK (AP4) 2018.0.196 2018.0.196 2017-10-312017-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2016-11-01 02269497 2016-11-01 2017-10-31 02269497 2017-10-31 02269497 2016-10-31 02269497 c:Director1 2016-11-01 2017-10-31 02269497 d:Buildings 2017-10-31 02269497 d:Buildings 2016-10-31 02269497 d:CurrentFinancialInstruments 2017-10-31 02269497 d:CurrentFinancialInstruments 2016-10-31 02269497 d:CurrentFinancialInstruments d:WithinOneYear 2017-10-31 02269497 d:CurrentFinancialInstruments d:WithinOneYear 2016-10-31 02269497 d:ShareCapital 2017-10-31 02269497 d:ShareCapital 2016-10-31 02269497 d:RevaluationReserve 2017-10-31 02269497 d:RevaluationReserve 2016-10-31 02269497 d:RetainedEarningsAccumulatedLosses 2017-10-31 02269497 d:RetainedEarningsAccumulatedLosses 2016-10-31 02269497 c:FRS102 2016-11-01 2017-10-31 02269497 c:AuditExempt-NoAccountantsReport 2016-11-01 2017-10-31 02269497 c:FullAccounts 2016-11-01 2017-10-31 02269497 c:PrivateLimitedCompanyLtd 2016-11-01 2017-10-31 iso4217:GBP

Registered number: 02269497









PROTEX HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2017
 
PROTEX HOLDINGS LIMITED
REGISTERED NUMBER: 02269497

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2017

2017
2016
Note
£
£

Fixed assets
  

Tangible assets
 4 
235,000
235,000

  
235,000
235,000

Current assets
  

Stocks
  
151,998
151,998

Debtors due within one year
 5 
2,424
2,667

Cash at bank
  
25
624,651

  
154,447
779,316

Creditors due within one year
 6 
(913)
(619,797)

Net current assets
  
 
 
153,534
 
 
159,519

  

Net assets
  
388,534
394,519


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
135,911
135,911

Profit and loss account
  
252,523
258,508

  
388,534
394,519


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.




 
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PROTEX HOLDINGS LIMITED
REGISTERED NUMBER: 02269497
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2017


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 June 2019.


R J Basrawy
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2
 
PROTEX HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2017

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Regina House, 124 Finchley Road, London, NW3 5JS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.



 
2.3

Stocks

Stock of property is valued at the lower of cost and net realisable value.

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2016 - 3).

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PROTEX HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2017

4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 November 2016
235,000



At 31 October 2017

235,000






Net book value



At 31 October 2017
235,000



At 31 October 2016
235,000


5.


Debtors

2017
2016
£
£


Trade debtors
-
2,667

Prepayments and accrued income
2,424
-



6.


Creditors: Amounts falling due within one year

2017
2016
£
£

Trade creditors
913
619,797


 
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