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Filleted
Registration number: 12637086

Eprofiler Solutions Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

Eprofiler Solutions Ltd

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Eprofiler Solutions Ltd

Company Information

Directors

Mr Paul Anthony Evans

Mr David Christopher Lane

Registered office

Grendon Lodge
Long Street
Atherstone
Warwickshire
CV9 1BA

Accountants

LHP Tenby
Chartered Certified Accountants
Barclays Bank Chambers
18 High Street
High Street
Tenby
Pembrokeshire
SA70 7HD

 

Eprofiler Solutions Ltd

Directors' Report for the Year Ended 30 June 2023

The directors present their report and the financial statements for the year ended 30 June 2023.

Director of the company

The director who held office during the year was as follows:

Mr Paul Anthony Evans

The following director was appointed after the year end:

Mr David Christopher Lane (appointed 25 September 2023)

Principal activity

The principal activity of the company is Manufacture of electronic measuring, testing etc. equipment, not for industrial process control.

Small companies provision statement

This report has 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.

Approved by the Board on 30 January 2024 and signed on its behalf by:

.........................................
Mr Paul Anthony Evans
Director

   

.........................................
Mr David Christopher Lane
Director

   
 

Eprofiler Solutions Ltd

(Registration number: 12637086)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

46,207

21,307

Current assets

 

Debtors

5

996

996

Cash at bank and in hand

 

1,147

798

 

2,143

1,794

Creditors: Amounts falling due within one year

6

(53,494)

(24,356)

Net current liabilities

 

(51,351)

(22,562)

Net liabilities

 

(5,144)

(1,255)

Capital and reserves

 

Called up share capital

7

1,000

1,000

Retained earnings

(6,144)

(2,255)

Shareholders' deficit

 

(5,144)

(1,255)

For the financial year ending 30 June 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 January 2024 and signed on its behalf by:
 

.........................................
Mr Paul Anthony Evans
Director

   
 

Eprofiler Solutions Ltd

(Registration number: 12637086)
Balance Sheet as at 30 June 2023

.........................................
Mr David Christopher Lane
Director

   
 

Eprofiler Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Grendon Lodge
Long Street
Atherstone
Warwickshire
CV9 1BA
England

These financial statements were authorised for issue by the Board on 30 January 2024.

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 financial statements have been prepared on a going concern basis.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Software Development Costs

Not Amortised

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Eprofiler Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Trade creditors

Trade creditors 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.

Trade creditors 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 1 (2022 - 1).

 

Eprofiler Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 July 2022

21,307

21,307

Additions acquired separately

24,900

24,900

At 30 June 2023

46,207

46,207

Amortisation

Carrying amount

At 30 June 2023

46,207

46,207

At 30 June 2022

21,307

21,307

5

Debtors

Current

2023
£

2022
£

Other debtors

996

996

 

996

996

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Other related parties

 

52,306

23,456

Other creditors

 

1,188

900

 

53,494

24,356

 

Eprofiler Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

4

4

4

4

         

Allotted, called up and not fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £0.01 each

94,600

946.00

94,600

946.00

A Ordinary of £0.01 each

5,000

50.00

5,000

50.00

 

99,600

996

99,600

996

8

Related party transactions

The balance due to the Director at the reporting date was £34,456 (2022 £23,456). The loan is interest free and repayable on demand.

The balance due to the reappointed Director at the reporting date was £17,850. The loan is interest free and repayable on demand.