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REGISTERED NUMBER: 03078404 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Profitample Limited

Profitample Limited (Registered number: 03078404)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Profitample Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mrs S B Karim
B K Karim





REGISTERED OFFICE: 7 High Garth
Esher
SURREY KT10 9DW





REGISTERED NUMBER: 03078404 (England and Wales)





ACCOUNTANT: J N Flanagan ATT (Fellow)
The Granary,
Hones Yard,
1 Waverley Lane,
Farnham,
Surrey
GU9 8BB

Profitample Limited (Registered number: 03078404)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 207,302 207,403

CURRENT ASSETS
Debtors 5 32,082 -
Cash at bank 78,107 59,850
110,189 59,850
CREDITORS
Amounts falling due within one year 6 210,376 183,865
NET CURRENT LIABILITIES (100,187 ) (124,015 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,115

83,388

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 107,113 83,386
SHAREHOLDERS' FUNDS 107,115 83,388

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:





Mrs S B Karim - Director


Profitample Limited (Registered number: 03078404)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Profitample 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 1% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 August 2022
and 31 July 2023 210,131
DEPRECIATION
At 1 August 2022 2,728
Charge for year 101
At 31 July 2023 2,829
NET BOOK VALUE
At 31 July 2023 207,302
At 31 July 2022 207,403

The freehold property comprises a shop and three flats which are let under long term leases.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 200 -
Other debtors 31,882 -
32,082 -

Profitample Limited (Registered number: 03078404)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security 5,691 5,426
Other creditors 204,685 178,439
210,376 183,865

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
Mrs S B Karim
Balance outstanding at start of year - -
Amounts advanced 31,882 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,882 -

The loan to Mrs Karim was repaid in full to the company on 16th October 2023.