Profam Limited 10917144 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is specialist medical practice activities Digita Accounts Production Advanced 6.30.9574.0 true true 10917144 2022-09-01 2023-08-31 10917144 2023-08-31 10917144 core:RetainedEarningsAccumulatedLosses 2023-08-31 10917144 core:ShareCapital 2023-08-31 10917144 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 10917144 bus:SmallEntities 2022-09-01 2023-08-31 10917144 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 10917144 bus:FullAccounts 2022-09-01 2023-08-31 10917144 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 10917144 bus:RegisteredOffice 2022-09-01 2023-08-31 10917144 bus:CompanySecretary1 2022-09-01 2023-08-31 10917144 bus:Director10 2022-09-01 2023-08-31 10917144 bus:Director2 2022-09-01 2023-08-31 10917144 bus:Director4 2022-09-01 2023-08-31 10917144 bus:Director5 2022-09-01 2023-08-31 10917144 bus:Director6 2022-09-01 2023-08-31 10917144 bus:Director8 2022-09-01 2023-08-31 10917144 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 10917144 countries:UnitedKingdom 2022-09-01 2023-08-31 10917144 2021-09-01 2022-08-31 10917144 2022-08-31 10917144 core:RetainedEarningsAccumulatedLosses 2022-08-31 10917144 core:ShareCapital 2022-08-31 10917144 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 10917144

Profam Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2023

 

Profam Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Profam Limited

Company Information

Directors

Ms M Elgendy

Mr Y Afifi

Mr P Hassun

Ms C Amorim

Ms M Pinnington

Mr S B Fishel

Company secretary

Ballards LLP

Registered office

Oakmoore Court Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11C Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

Profam Limited

(Registration number: 10917144)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

19,363

44,731

Creditors: Amounts falling due within one year

4

(157,910)

(158,841)

Net liabilities

 

(138,547)

(114,110)

Capital and reserves

 

Called up share capital

200

200

Retained earnings

(138,747)

(114,310)

Shareholders' deficit

 

(138,547)

(114,110)

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 April 2024 and signed on its behalf by:
 

.........................................
Mr S B Fishel
Director

   
 

Profam Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Oakmoore Court Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH
Great Britain

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The Balance Sheet shows a net liability however as the company has the full support of the directors and shareholders and forecasts positive future revenue the accounts have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Profam Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Payables

Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2022 - 6).

4

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Payables

 

900

900

Amounts owed to related parties

155,635

156,691

Other creditors

 

1,375

1,250

 

157,910

158,841