Protectolite Limited - Accounts to registrar (filleted) - small 18.2

Protectolite Limited - Accounts to registrar (filleted) - small 18.2

PROTECTOLITE LIMITED - Company Information

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REGISTERED NUMBER: 03538084 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2019

for

Protectolite Limited
Protectolite Limited (Registered number: 03538084)






Contents of the Financial Statements
for the Year Ended 30 June 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Protectolite Limited

Company Information
for the Year Ended 30 June 2019







DIRECTOR: I R Webb



SECRETARY: Miss J Webb



REGISTERED OFFICE: 4 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF



REGISTERED NUMBER: 03538084 (England and Wales)



ACCOUNTANTS: Haines Watts
4 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF



BANKERS: Nat West Bank Plc
1-4 Berkeley Square House
Berkeley Square
London
W1A 1SN
Page 1
Protectolite Limited (Registered number: 03538084)

Balance Sheet
30 June 2019

30.6.19 30.6.18
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,206 -
Investments 5 300 300
2,506 300

CURRENT ASSETS
Debtors 6 1,447,773 2,944,189
Cash at bank and in hand 175 29,134
1,447,948 2,973,323
CREDITORS
Amounts falling due within one year 7 1,214,647 2,783,369
NET CURRENT ASSETS 233,301 189,954
TOTAL ASSETS LESS CURRENT LIABILITIES 235,807 190,254

PROVISIONS FOR LIABILITIES 419 -
NET ASSETS 235,388 190,254

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 235,188 190,054
SHAREHOLDERS' FUNDS 235,388 190,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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 notes form part of these financial statements

Page 2 continued...
Protectolite Limited (Registered number: 03538084)

Balance Sheet - continued
30 June 2019


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 Income Statement has not been delivered.

The financial statements were approved by the director on 30 October 2019 and were signed by:





I R Webb - Director


The notes form part of these financial statements

Page 3
Protectolite Limited (Registered number: 03538084)

Notes to the Financial Statements
for the Year Ended 30 June 2019

1. STATUTORY INFORMATION

Protectolite 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are
measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Page 4 continued...
Protectolite Limited (Registered number: 03538084)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2019

2. ACCOUNTING POLICIES - continued

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 5 (2018 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 2,596
At 30 June 2019 2,596
AMORTISATION
Charge for year 390
At 30 June 2019 390
NET BOOK VALUE
At 30 June 2019 2,206

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2018
and 30 June 2019 300
NET BOOK VALUE
At 30 June 2019 300
At 30 June 2018 300

Page 5 continued...
Protectolite Limited (Registered number: 03538084)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2019

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.19 30.6.18
£    £   
Amounts owed by group undertakings 1,402,641 2,912,592
Other debtors 45,132 31,597
1,447,773 2,944,189

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.19 30.6.18
£    £   
Trade creditors 160 196
Amounts owed to group undertakings 1,172,313 2,736,736
Taxation and social security 10,230 8,928
Other creditors 31,944 37,509
1,214,647 2,783,369

Page 6
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Protectolite Limited

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 Protectolite Limited for the year ended 30 June 2019 which comprise
the Income Statement, 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 Protectolite Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Protectolite Limited and state those matters that we have agreed to state to the director of Protectolite 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 Protectolite Limited and its director for our work or for this report.

It is your duty to ensure that Protectolite 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 Protectolite Limited. You consider that Protectolite 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 Protectolite 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.






Haines Watts
4 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF


4 November 2019

This page does not form part of the statutory financial statements

Page 7