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REGISTERED NUMBER: 09596506 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Profectus Consultancy Limited

Profectus Consultancy Limited (Registered number: 09596506)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Profectus Consultancy Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: I E Wilson
Mrs F Wilson



REGISTERED OFFICE: 1 Pansy Gardens
Walton Cardiff
Tewkesbury
Gloucestershire
GL20 7FR



REGISTERED NUMBER: 09596506 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Bank of Scotland
PO Box 17235
Edinburgh
EH11 1YH

Profectus Consultancy Limited (Registered number: 09596506)

Statement of Financial Position
31 May 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 772 1,291

CURRENT ASSETS
Debtors 5 18,983 17,508
Cash at bank 13,141 13,498
32,124 31,006
CREDITORS
Amounts falling due within one year 6 32,837 31,547
NET CURRENT LIABILITIES (713 ) (541 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

59

750

RESERVES
Retained earnings 59 750
SHAREHOLDERS' FUNDS 59 750

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 27 September 2023 and were signed on its behalf by:




Mrs F Wilson - Director



I E Wilson - Director


Profectus Consultancy Limited (Registered number: 09596506)

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


1. STATUTORY INFORMATION

Profectus Consultancy 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Computer equipment - 25% on 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 statement of financial position date.

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.

Going concern
Despite net current liabilities of £713 at 31/05/2023 (£541 - 2022), the accounts have been prepared on a going concern basis. The directors have reviewed future cash flows and consider it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Profectus Consultancy Limited (Registered number: 09596506)

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


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 June 2022 1,775 1,959 3,734
Additions - 149 149
At 31 May 2023 1,775 2,108 3,883
Depreciation
At 1 June 2022 888 1,555 2,443
Charge for year 443 225 668
At 31 May 2023 1,331 1,780 3,111
Net book value
At 31 May 2023 444 328 772
At 31 May 2022 887 404 1,291

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Other debtors 18,983 17,508

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Taxation and social security 32,105 29,782
Other creditors 732 1,765
32,837 31,547

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/5/23 31/5/22
£    £   
Within one year 10,605 -
Between one and five years 31,815 -
42,420 -

Profectus Consultancy Limited (Registered number: 09596506)

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


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

31/5/23 31/5/22
£    £   
I E Wilson and Mrs F Wilson
Balance outstanding at start of year 4,489 1,728
Amounts advanced 108,133 92,719
Amounts repaid (106,331 ) (89,958 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,291 4,489

The above interest free loan to the directors was repaid within 9 months of the year end.