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Company registration number:09306829
PROFINEST UK LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 July 2023
PROFINEST UK LIMITED
BALANCE SHEET
AS AT 31 July 2023
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets33,8635,150
3,8635,150
CURRENT ASSETS
Stocks4,3835,518
Debtors45,2265,014
Cash at bank and in hand36738,462
9,97648,994
CREDITORS
Amounts falling due within one year 5 (130,360) (130,782)
NET CURRENT ASSETS (120,384) (81,788)
TOTAL ASSETS LESS
CURRENT LIABILITIES (116,521) (76,638)
Creditors falling due after one year6(39,283)(44,718)
NET ASSETS (155,804) (121,356)
CAPITAL AND RESERVES
Called-up equity share capital 7 10,000 10,000
Profit and loss account (165,804) (131,356)
SHAREHOLDERS FUNDS (155,804) (121,356)
For the year ending 31 July 2023 the company was entitled to exemption 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the 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. Approved by the board of directors on 6 February 2024 and signed on its behalf.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
..........................................................................
Mrs Pui Shan Nicole Ying
6 February 2024
The annexed notes form part of these financial statements.

PROFINEST UK LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2023
Share Share P and L Revaluation Other Total
Capital Premium Account reserve reserves equity
£ £ £ £ £ £
Balance at 1 August 202110,0000(93,705)00(83,705)
Changes in equity
Total Comprehensive Income00(37,651)00(37,651)
Balance at 31 July 202210,0000(131,356)00(121,356)
Changes in equity
Total comprehensive income00(34,448)00(34,448)
Balance at 31 July 202310,0000(165,804)00(155,804)

PROFINEST UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
1. Accounting policies
Statutory information
The company is registered in England and its registered number is 09306829. The company is a private company limited by shares. Its registered office is Unit G5b Fort Dunlop, Fort Parkway, Birmingham, B24
Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign Currency
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Fixed Assets
Tangible fixed assets are stated at cost less depreciation. Depreciation i provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and Machinery 25% on reducing balance basi
Stocks and Work In Progress
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.
Government grants
The Coronavirus Job Retention Scheme Grant is recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. The first 12 months interest on the Bounce Bank Loan is recognised in the period it is payable.
Pension Scheme
The company operates a defined contribution pension scheme, NEST pension scheme, and the pension charge represents the amounts payable by the company to the fund in respect of the year.
2.Employees
The average number of persons employed by the company (including directors) during the year was 3.
3.Tangible fixed assets
Plant Total
Cost
At start of period 20,935 20,935
At end of period 20,935 20,935
Depreciation
At start of period 15,785 15,785
Provided during the period 1,287 1,287
At end of period 17,072 17,072
Net Book Value
At start of period 5,150 5,150
At end of period 3,863 3,863
4.Debtors
20232022
££
Due within one year
Trade Debtors4,9150
Other Debtors3114,093
Prepayments and accrued income0921
5,2265,014
5.Creditors due within one year
20232022
££
Trade creditors2201,192
Bank Loans and Overdrafts5,4345,282
Other taxes and social security costs771908
Other creditors07,835
Accruals and deferred income3,5013,742
Loan from directors120,434111,823
130,360 130,782
6.Creditors due after one year
20232022
££
Bank Loans39,28344,718
39,283 44,718
7. Share capital Alloted, Issued and fully paid
2023 2022
£ £
Ordinary shares of £100 each10,00010,000
Total issued share capital10,00010,000