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REGISTERED NUMBER: 09158102 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Profiwall Ltd

Profiwall Ltd (Registered number: 09158102)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Profiwall Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr I T Parashkevov
Mr P J Pritchard





REGISTERED OFFICE: Unit 9 Simonstone Business Park
Blackburn Road
Simonstone
Burnley
Lancashire
BB12 7FS





REGISTERED NUMBER: 09158102 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Profiwall Ltd (Registered number: 09158102)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,801 27,815

CURRENT ASSETS
Stocks 72,111 15,008
Debtors 5 382,000 318,135
Cash at bank 50,007 132,708
504,118 465,851
CREDITORS
Amounts falling due within one year 6 361,067 281,250
NET CURRENT ASSETS 143,051 184,601
TOTAL ASSETS LESS CURRENT
LIABILITIES

169,852

212,416

CREDITORS
Amounts falling due after more than one
year

7

(55,556

)

(100,000

)

PROVISIONS FOR LIABILITIES 11 (6,001 ) (5,090 )
NET ASSETS 108,295 107,326

CAPITAL AND RESERVES
Called up share capital 12 150 150
Retained earnings 108,145 107,176
SHAREHOLDERS' FUNDS 108,295 107,326

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Profiwall Ltd (Registered number: 09158102)

Balance Sheet - continued
31 March 2023


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 28 November 2023 and were signed on its behalf by:




Mr I T Parashkevov - Director



Mr P J Pritchard - Director


Profiwall Ltd (Registered number: 09158102)

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


1. STATUTORY INFORMATION

Profiwall Ltd 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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Profiwall Ltd (Registered number: 09158102)

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


2. ACCOUNTING POLICIES - continued

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.

Retentions
Retentions are shown within debtors and are calculated as a percentage of the long term contract valuations at the year end.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 10,010 19,919 4,742 6,015 40,686
Additions - 7,181 190 1,127 8,498
At 31 March 2023 10,010 27,100 4,932 7,142 49,184
DEPRECIATION
At 1 April 2022 4,368 4,026 656 3,821 12,871
Charge for year 3,563 4,178 618 1,153 9,512
At 31 March 2023 7,931 8,204 1,274 4,974 22,383
NET BOOK VALUE
At 31 March 2023 2,079 18,896 3,658 2,168 26,801
At 31 March 2022 5,642 15,893 4,086 2,194 27,815

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 232,880 204,160
Other debtors 4,319 4,185
Retentions 87,865 87,073
Directors' current accounts 25,768 910
Corporation tax 8,686 296
VAT 12,353 12,763
Prepayments 10,129 8,748
382,000 318,135

Profiwall Ltd (Registered number: 09158102)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other loans (see note 8) 44,444 44,444
Trade creditors 142,451 150,154
Corporation tax 58,047 38,569
Social security and other taxes 52,100 14,000
Other creditors 59,867 8,938
Directors' current accounts - 3,781
Accrued expenses 4,158 21,364
361,067 281,250

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other loans (see note 8) 55,556 100,000

8. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Other loans 44,444 44,444

Amounts falling due between one and two years:
Other loans - 1-2 years 55,556 44,444

Amounts falling due between two and five years:
Other loans - 2-5 years - 55,556

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 46,150 13,950
Between one and five years 51,357 11,947
97,507 25,897

Profiwall Ltd (Registered number: 09158102)

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


10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Other loans 100,000 144,444

The loan is secured by a fixed and floating charge over the company assets in favour of Santander UK PLC.

11. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 6,001 5,090

Deferred
tax
£   
Balance at 1 April 2022 5,090
Provided during year 911
Balance at 31 March 2023 6,001

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
150 Ordinary £1 150 150

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.23 31.3.22
£    £   
Mr P J Pritchard
Balance outstanding at start of year 910 -
Amounts advanced 14,569 910
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,479 910

Profiwall Ltd (Registered number: 09158102)

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


13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr I T Parashkevov
Balance outstanding at start of year - -
Amounts advanced 10,289 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,289 -

14. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.