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Company Registration No. 09798600 (England and Wales)
Profound Ideas Limited Unaudited accounts for the year ended 30 September 2023
Profound Ideas Limited Unaudited accounts Contents
Page
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Profound Ideas Limited Company Information for the year ended 30 September 2023
Director
Simon Brooks
Company Number
09798600 (England and Wales)
Registered Office
3 Watts Lea Woking GU21 4XQ UK
Accountants
JV Accountancy Ltd 2 Firbank Drive Woking Surrey GU21 7QT
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Profound Ideas Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,335 
1,998 
Current assets
Debtors
32,738 
29,484 
Cash at bank and in hand
198,182 
62,568 
230,920 
92,052 
Creditors: amounts falling due within one year
(139,226)
(3,754)
Net current assets
91,694 
88,298 
Net assets
94,029 
90,296 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
94,027 
90,294 
Shareholders' funds
94,029 
90,296 
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 November 2023 and were signed on its behalf by
Simon Brooks Director Company Registration No. 09798600
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Profound Ideas Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Profound Ideas Limited is a private company, limited by shares, registered in England and Wales, registration number 09798600. The registered office is 3 Watts Lea, Woking, GU21 4XQ, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2022
867 
4,854 
5,721 
Additions
- 
1,324 
1,324 
Disposals
- 
(39)
(39)
At 30 September 2023
867 
6,139 
7,006 
Depreciation
At 1 October 2022
326 
3,397 
3,723 
Charge for the year
135 
842 
977 
On disposals
- 
(29)
(29)
At 30 September 2023
461 
4,210 
4,671 
Net book value
At 30 September 2023
406 
1,929 
2,335 
At 30 September 2022
541 
1,457 
1,998 
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Profound Ideas Limited Notes to the Accounts for the year ended 30 September 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
12,540 
Other debtors
299 
16,944 
299 
29,484 
Amounts falling due after more than one year
Trade debtors
32,439 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
19,217 
2,088 
Taxes and social security
48,179 
1,021 
Proposed dividends
70,000 
- 
Other creditors
897 
45 
Loans from directors
33 
- 
Accruals
900 
600 
139,226 
3,754 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Transactions with related parties
At the year end the company owed the director S Brooks £33.10
9
Controlling party
The company was under the control of Mr S Brooks throughout the year.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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