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REGISTERED NUMBER: 09596506 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Profectus Consultancy Limited

Profectus Consultancy Limited (Registered number: 09596506)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Profectus Consultancy Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: I E Wilson
Mrs F Wilson



REGISTERED OFFICE: 1 Pansy Gardens
Walton Cardiff
Tewkesbury
Gloucestershire
GL20 7FR



REGISTERED NUMBER: 09596506 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Bank of Scotland
PO Box 17235
Edinburgh
EH11 1YH

Profectus Consultancy Limited (Registered number: 09596506)

Statement of Financial Position
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 853 772

CURRENT ASSETS
Debtors 5 35,979 18,983
Cash at bank 15,489 13,141
51,468 32,124
CREDITORS
Amounts falling due within one year 6 51,789 32,837
NET CURRENT LIABILITIES (321 ) (713 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

532

59

RESERVES
Retained earnings 532 59
SHAREHOLDERS' FUNDS 532 59

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:




Mrs F Wilson - Director



I E Wilson - Director


Profectus Consultancy Limited (Registered number: 09596506)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Profectus Consultancy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
Despite net current liabilities of £321 at 31/05/2024 (£713 - 2023), the accounts have been prepared on a going concern basis. The directors have reviewed future cash flows and consider it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Profectus Consultancy Limited (Registered number: 09596506)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 June 2023 1,775 2,108 3,883
Additions 999 - 999
At 31 May 2024 2,774 2,108 4,882
Depreciation
At 1 June 2023 1,331 1,780 3,111
Charge for year 694 224 918
At 31 May 2024 2,025 2,004 4,029
Net book value
At 31 May 2024 749 104 853
At 31 May 2023 444 328 772

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 8,159 -
Other debtors 27,820 18,983
35,979 18,983

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Taxation and social security 51,586 32,105
Other creditors 203 732
51,789 32,837

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/5/24 31/5/23
£    £   
Within one year 10,605 10,605
Between one and five years 21,210 31,815
31,815 42,420

Profectus Consultancy Limited (Registered number: 09596506)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31/5/24 31/5/23
£    £   
I E Wilson and Mrs F Wilson
Balance outstanding at start of year 6,291 4,489
Amounts advanced 123,607 108,133
Amounts repaid (122,065 ) (106,331 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,833 6,291

The above interest free loan to the directors was repaid within 9 months of the year end.