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Company Registration No. 13925169 (England and Wales)
PROFURN (MIDLANDS) LTD Unaudited accounts for the year ended 31 March 2024
PROFURN (MIDLANDS) LTD Unaudited accounts Contents
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PROFURN (MIDLANDS) LTD Company Information for the year ended 31 March 2024
Director
J P Phelan
Company Number
13925169 (England and Wales)
Registered Office
116 College Road Sutton Coldfield West Midlands B73 5AH England
Accountants
Parkers Accountancy And Taxation 590a Kingsbury Road Erdington Birmingham B24 9ND
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PROFURN (MIDLANDS) LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,590 
18,120 
Current assets
Inventories
30,000 
- 
Debtors
55,413 
112,370 
Cash at bank and in hand
42,345 
97,525 
127,758 
209,895 
Creditors: amounts falling due within one year
(65,033)
(109,224)
Net current assets
62,725 
100,671 
Net assets
76,315 
118,791 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
76,314 
118,790 
Shareholders' funds
76,315 
118,791 
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 November 2024 and were signed on its behalf by
J P Phelan Director Company Registration No. 13925169
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PROFURN (MIDLANDS) LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
PROFURN (MIDLANDS) LTD is a private company, limited by shares, registered in England and Wales, registration number 13925169. The registered office is 116 College Road, Sutton Coldfield, West Midlands, B73 5AH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2023
18,120 
At 31 March 2024
18,120 
Depreciation
Charge for the year
4,530 
At 31 March 2024
4,530 
Net book value
At 31 March 2024
13,590 
At 31 March 2023
18,120 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
55,413 
112,370 
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PROFURN (MIDLANDS) LTD Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
51,514 
29,218 
Taxes and social security
- 
24,986 
Other creditors
13,519 
55,020 
65,033 
109,224 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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