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
Profound Ideas Limited
Company Information
for the year ended 30 September 2023
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
Profound Ideas Limited
Statement of financial position
as at 30 September 2023
Tangible assets
2,335
1,998
Cash at bank and in hand
198,182
62,568
Creditors: amounts falling due within one year
(139,226)
(3,754)
Net current assets
91,694
88,298
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
Profound Ideas Limited
Notes to the Accounts
for the year ended 30 September 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 30 September 2023
867
6,139
7,006
At 1 October 2022
326
3,397
3,723
Charge for the year
135
842
977
At 30 September 2023
461
4,210
4,671
At 30 September 2023
406
1,929
2,335
At 30 September 2022
541
1,457
1,998
Profound Ideas Limited
Notes to the Accounts
for the year ended 30 September 2023
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
48,179
1,021
Proposed dividends
70,000
-
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
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).