2023-07-012024-06-302024-06-30false09106078PROFECT TRAINING & CONSULTANCY 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PROFECT TRAINING & CONSULTANCY LTD

Registered Number
09106078
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

PROFECT TRAINING & CONSULTANCY LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

BIRKENHEAD, Graham
WIND, Samantha Jane

Registered Address

70 Wright Street
Hull
HU2 8JD

Registered Number

09106078 (England and Wales)
PROFECT TRAINING & CONSULTANCY LTD
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets360,73575,918
60,73575,918
Current assets
Debtors427,3726,774
Cash at bank and on hand66,91546,440
94,28753,214
Creditors amounts falling due within one year5(69,588)(56,321)
Net current assets (liabilities)24,699(3,107)
Total assets less current liabilities85,43472,811
Net assets85,43472,811
Capital and reserves
Called up share capital22
Profit and loss account85,43272,809
Shareholders' funds85,43472,811
The financial statements were approved and authorised for issue by the Board of Directors on 8 November 2024, and are signed on its behalf by:
BIRKENHEAD, Graham
Director
Registered Company No. 09106078
PROFECT TRAINING & CONSULTANCY LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings20
Vehicles20
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Vehicles

Fixtures & fittings

Total

£££
Cost or valuation
At 01 July 2340,861126,944167,805
At 30 June 2440,861126,944167,805
Depreciation and impairment
At 01 July 2314,71077,17791,887
Charge for year5,2309,95315,183
At 30 June 2419,94087,130107,070
Net book value
At 30 June 2420,92139,81460,735
At 30 June 2326,15149,76775,918
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables27,3726,774
Total27,3726,774
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables4,810369
Bank borrowings and overdrafts51,05151,543
Taxation and social security12,6523,334
Other creditors1,0751,075
Total69,58856,321
6.Share capital
2 ordinary shares