PROFILE LEARNING TECHNOLOGIES LTD

Company Registration Number:
14530112 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 08 December 2022

End date: 31 March 2024

PROFILE LEARNING TECHNOLOGIES LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

PROFILE LEARNING TECHNOLOGIES LTD

Company Information

for the Period Ended 31 March 2024




Director: John Edwyn Cooper
Valerie Cooper
Secretary: John Edwyn Cooper
Registered office: 21
Beckside
Wilberfoss
York
England
YO41 5NS
Company Registration Number: 14530112 (England and Wales)

PROFILE LEARNING TECHNOLOGIES LTD

Directors' Report Period Ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal Activities

The delivery of consultancy services relating to advanced L&D technology and eLearning delivery including learning management or eLearning authoring systems and technologies and the use and deployment and artificial intelligence in the L&D space.

Company policy on the employment of disabled persons

Profile Leaming Technologies is an Equal Opportunities Employer and selection of employees and sub-contractors will always be made on the basis of ability and experience. The company will never use selection criteria which are based on gender, race or ethnic origin, sexual orientation, religion or belief, disability or age. The company also expects its clients to adhere to non-discriminatory employment policies and practices and actively pursue equal opportunities in the workplace. As such, Profile Leaming Technologies will refuse to work with any company where selection or vetting of contractors to be used on any project is based on gender, race or ethnic origin, sexual orientation, religion or belief, disability or age. Similarly, the company will refuse to work on any project where the selection criteria for participation in training or project related activity is based on any of the above factors or where there is clear evidence that discriminatory employment or staff development practices are in use.

Additional information

Revenue growth has been modest, and the company has managed to break even in its first year of operation. The Directors believe the company is well-positioned to continue to grow revenues through FY 2024-25 whilst continuing to cover its operating costs and growth.

Directors

The director(s) shown below were appointed to the company during the period
John Edwyn Cooper
08 December 2023
Valerie Cooper
08 December 2023

Secretary
John Edwyn Cooper

This report was approved by the board of directors on 2 September 2024
And Signed On Behalf Of The Board By:

Name: John Edwyn Cooper
Status: Director

PROFILE LEARNING TECHNOLOGIES LTD

Profit and Loss Account

for the Period Ended 31 March 2024


Notes
16 months to
31 Mar 2024
£
Turnover 8,308
Cost of sales ( 3,545 )
Gross Profit or (Loss) 4,763
Income from coronavirus (COVID-19) business support grants 0
Distribution Costs ( 1,417 )
Administrative Expenses ( 3,314 )
Other operating income 0
Operating Profit or (Loss) 32
Interest Receivable and Similar Income 0
Interest Payable and Similar Charges ( 0 )
Profit or (Loss) Before Tax 32
Tax on Profit ( 6 )
Profit or (Loss) for Period 26

The notes form part of these financial statements

PROFILE LEARNING TECHNOLOGIES LTD

Balance sheet

As at 31 March 2024


Notes
16 months to
31 Mar 2024
£
Fixed assets
Total fixed assets: -
Current assets
Debtors: 4 240
Cash at bank and in hand: 213
Total current assets: 453
Creditors: amounts falling due within one year: 5 ( 321 )
Net current assets (liabilities): 132
Total assets less current liabilities: 132
Total net assets (liabilities): 132

The notes form part of these financial statements

PROFILE LEARNING TECHNOLOGIES LTD

Balance sheet continued

As at 31 March 2024


Notes
16 months to
31 Mar 2024
£
Capital and reserves
Called up share capital: 100
Profit and loss account: 32
Shareholders funds: 132

For the year ending 31 March 2024 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 2 September 2024
And Signed On Behalf Of The Board By:

Name: John Edwyn Cooper
Status: Director

The notes form part of these financial statements

PROFILE LEARNING TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The total turnover of the company for the year has been derived from its principal activity in the UK and Overseas.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are depreciated over 4 yeras using straignt-line depreciation. Equioment and assets with a cost of 1000 or less are fully expensed in the year in which they are acquired.

    Other accounting policies

    FOREIGN CURRENCY TRANSACTIONS AND EXCHANGE RATE VARIANCES These accounts are prepared in line with current FRS accounting standards for the handling of foreign currency transactions. Invoices raised in any currency other than GBP are valued in the accounts in GBP Sterling using the Bank of England (BOE) spot rate on the date the invoice is raised. US Dollars Payments received in US Dollars are held at their invoice value (less bank charges) in the USD account which is revalued as required using the BOE spot rate. Any material variances based on this revaluation are recorded as ‘Foreign Currency Exchange rate Gains/losses’ and are reflected under ‘Other Income’ in the Income Statement in these accounts. Payments made from the US Dollar account are valued using the BOE spot rate on the date of payment.

PROFILE LEARNING TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    16 months to
    31 Mar 2024
    Average number of employees during the period 2

PROFILE LEARNING TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

PROFILE LEARNING TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

16 months to
31 Mar 2024
£
Trade debtors 240
Total 240

PROFILE LEARNING TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5.Creditors: amounts falling due within one year note

16 months to
31 Mar 2024
£
Trade creditors 141
Taxation and social security 0
Other creditors 180
Total 321