Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-2812022-03-01falseNo description of principal activity1truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09993660 2022-03-01 2023-02-28 09993660 2021-03-01 2022-02-28 09993660 2023-02-28 09993660 2022-02-28 09993660 c:Director1 2022-03-01 2023-02-28 09993660 d:CurrentFinancialInstruments 2023-02-28 09993660 d:CurrentFinancialInstruments 2022-02-28 09993660 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 09993660 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 09993660 d:ShareCapital 2023-02-28 09993660 d:ShareCapital 2022-02-28 09993660 d:RetainedEarningsAccumulatedLosses 2023-02-28 09993660 d:RetainedEarningsAccumulatedLosses 2022-02-28 09993660 c:FRS102 2022-03-01 2023-02-28 09993660 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 09993660 c:FullAccounts 2022-03-01 2023-02-28 09993660 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 09993660










PROFIMA HOLDINGS LTD.








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
PROFIMA HOLDINGS LTD.
REGISTERED NUMBER: 09993660

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
150,038
54,213

  
150,038
54,213

Creditors: amounts falling due within one year
 5 
(22,218)
(9,711)

Net current assets
  
 
 
127,820
 
 
44,502

Total assets less current liabilities
  
127,820
44,502

  

Net assets
  
127,820
44,502


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
127,819
44,501

  
127,820
44,502


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 November 2023.




Oliver Gerard Scott Donovan
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
PROFIMA HOLDINGS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England (no.09993660). The address of the registered office is The Light Bulb Unit 419, 1 Filament Walk, London, England, SW18 4GQ.
These financial statements present information about the company as an individual undertaking; it is not a member of a group of companies. The principal activity of the company is that of management consultancy.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
PROFIMA HOLDINGS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Other debtors
150,037
54,212

Called up share capital not paid
1
1

150,038
54,213



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
19,434
7,277

Accruals and deferred income
2,784
2,434

22,218
9,711


 
Page 3