Silverfin false 31/12/2021 31/12/2021 01/01/2021 Mr Philip Henry Sampson 14/12/2015 Mrs Sandra Jane Sampson 14/12/2015 Sandra Jane Sampson 06 September 2022 The principal activity of the Company during the financial year was the development of individuals in a business environment. 9914479 2021-12-31 9914479 bus:Director1 2021-12-31 9914479 bus:Director2 2021-12-31 9914479 2020-12-31 9914479 core:CurrentFinancialInstruments 2021-12-31 9914479 core:CurrentFinancialInstruments 2020-12-31 9914479 core:ShareCapital 2021-12-31 9914479 core:ShareCapital 2020-12-31 9914479 core:RetainedEarningsAccumulatedLosses 2021-12-31 9914479 core:RetainedEarningsAccumulatedLosses 2020-12-31 9914479 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2020-12-31 9914479 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-12-31 9914479 bus:OrdinaryShareClass1 2021-12-31 9914479 2021-01-01 2021-12-31 9914479 bus:FullAccounts 2021-01-01 2021-12-31 9914479 bus:SmallEntities 2021-01-01 2021-12-31 9914479 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 9914479 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 9914479 bus:Director1 2021-01-01 2021-12-31 9914479 bus:Director2 2021-01-01 2021-12-31 9914479 bus:Director3 2021-01-01 2021-12-31 9914479 core:DevelopmentCostsCapitalisedDevelopmentExpenditure core:TopRangeValue 2021-01-01 2021-12-31 9914479 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-01-01 2021-12-31 9914479 2020-01-01 2020-12-31 9914479 bus:OrdinaryShareClass1 2021-01-01 2021-12-31 9914479 bus:OrdinaryShareClass1 2020-01-01 2020-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 9914479 (England and Wales)

BUSINESS PROFILES LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2021
Pages for filing with the registrar

BUSINESS PROFILES LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2021

Contents

BUSINESS PROFILES LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2021
BUSINESS PROFILES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2021
DIRECTORS Mr Philip Henry Sampson
Mrs Sandra Jane Sampson
REGISTERED OFFICE The Old School House
Clyst Honiton
Exeter
Devon
England
EX5 2LZ
United Kingdom
COMPANY NUMBER 9914479 (England and Wales)
CHARTERED ACCOUNTANTS Bishop Fleming LLP
Century House
Nicholson Road
Torquay
TQ2 7TD
BUSINESS PROFILES LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2021
BUSINESS PROFILES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2021
Note 2021 2020
£ £
Fixed assets
Intangible assets 3 157 1,679
157 1,679
Current assets
Cash at bank and in hand 17 17
17 17
Creditors
Amounts falling due within one year 4 ( 36,490) ( 35,252)
Net current liabilities (36,473) (35,235)
Total assets less current liabilities (36,316) (33,556)
Net liabilities ( 36,316) ( 33,556)
Capital and reserves
Called-up share capital 5 4 4
Profit and loss account ( 36,320 ) ( 33,560 )
Total shareholders' deficit ( 36,316) ( 33,556)

For the financial year ending 31 December 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Business Profiles Limited (registered number: 9914479) were approved and authorised for issue by the Board of Directors on 06 September 2022. They were signed on its behalf by:

Sandra Jane Sampson
Director
BUSINESS PROFILES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
BUSINESS PROFILES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Business Profiles Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Old School House, Clyst Honiton, Exeter, Devon, England, EX5 2LZ, United Kingdom. The registered number of the Company is 09914479.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Development costs 10 years straight line
Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the directors are satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the Company is expected to benefit. This period is between three and five years. Provision is made for any impairment.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2021 2020
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Development costs Total
£ £
Cost
At 01 January 2021 15,219 15,219
At 31 December 2021 15,219 15,219
Accumulated amortisation
At 01 January 2021 13,540 13,540
Charge for the financial year 1,522 1,522
At 31 December 2021 15,062 15,062
Net book value
At 31 December 2021 157 157
At 31 December 2020 1,679 1,679

4. Creditors: amounts falling due within one year

2021 2020
£ £
Trade creditors 210 0
Amounts owed to directors 16,106 16,106
Other creditors 19,039 18,002
Accruals 1,135 1,144
36,490 35,252

5. Called-up share capital

2021 2020
£ £
Allotted, called-up and fully-paid
4 Ordinary shares of £ 1.00 each 4 4

6. Related party transactions

Transactions with entities in which the entity itself has a participating interest

2021 2020
£ £
Motiv-8 SW Limited, company under common control, creditor. 2,156 1,075
Sampson Hall Limited, company under common control, creditor. 16,883 16,853

No interest is charged on the above balance and there is no fixed date for repayment.

Transactions with the entity's directors

2021 2020
£ £
Owed by the company to the directors 16,106 16,106

No interest is charged on the above balance and there is no fixed date for repayment.