2023-03-012024-02-292024-02-29false11686443PROFOUNDLY U.K. LTD2024-12-03falseiso4217:GBPxbrli:pure116864432023-03-01116864432024-02-29116864432023-03-012024-02-29116864432022-03-01116864432023-02-28116864432022-03-012023-02-2811686443bus:SmallEntities2023-03-012024-02-2911686443bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2911686443bus:AbridgedAccounts2023-03-012024-02-2911686443bus:PrivateLimitedCompanyLtd2023-03-012024-02-2911686443core:WithinOneYear2024-02-2911686443core:AfterOneYear2024-02-2911686443core:WithinOneYear2023-02-2811686443core:AfterOneYear2023-02-2811686443core:ShareCapital2024-02-2911686443core:SharePremium2024-02-2911686443core:RevaluationReserve2024-02-2911686443core:OtherReservesSubtotal2024-02-2911686443core:RetainedEarningsAccumulatedLosses2024-02-2911686443core:ShareCapital2023-02-2811686443core:SharePremium2023-02-2811686443core:RevaluationReserve2023-02-2811686443core:OtherReservesSubtotal2023-02-2811686443core:RetainedEarningsAccumulatedLosses2023-02-2811686443core:LandBuildings2024-02-2911686443core:PlantMachinery2024-02-2911686443core:Vehicles2024-02-2911686443core:FurnitureFittings2024-02-2911686443core:OfficeEquipment2024-02-2911686443core:NetGoodwill2024-02-2911686443core:IntangibleAssetsOtherThanGoodwill2024-02-2911686443core:ListedExchangeTraded2024-02-2911686443core:UnlistedNon-exchangeTraded2024-02-2911686443core:LandBuildings2023-02-2811686443core:PlantMachinery2023-02-2811686443core:Vehicles2023-02-2811686443core:FurnitureFittings2023-02-2811686443core:OfficeEquipment2023-02-2811686443core:NetGoodwill2023-02-2811686443core:IntangibleAssetsOtherThanGoodwill2023-02-2811686443core:ListedExchangeTraded2023-02-2811686443core:UnlistedNon-exchangeTraded2023-02-2811686443core:LandBuildings2023-03-012024-02-2911686443core:PlantMachinery2023-03-012024-02-2911686443core:Vehicles2023-03-012024-02-2911686443core:FurnitureFittings2023-03-012024-02-2911686443core:OfficeEquipment2023-03-012024-02-2911686443core:NetGoodwill2023-03-012024-02-2911686443core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2911686443core:ListedExchangeTraded2023-03-012024-02-2911686443core:UnlistedNon-exchangeTraded2023-03-012024-02-2911686443core:MoreThanFiveYears2023-03-012024-02-2911686443core:Non-currentFinancialInstruments2024-02-2911686443core:Non-currentFinancialInstruments2023-02-2811686443dpl:CostSales2023-03-012024-02-2911686443dpl:DistributionCosts2023-03-012024-02-2911686443core:LandBuildings2023-03-012024-02-2911686443core:PlantMachinery2023-03-012024-02-2911686443core:Vehicles2023-03-012024-02-2911686443core:FurnitureFittings2023-03-012024-02-2911686443core:OfficeEquipment2023-03-012024-02-2911686443dpl:AdministrativeExpenses2023-03-012024-02-2911686443core:NetGoodwill2023-03-012024-02-2911686443core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2911686443dpl:GroupUndertakings2023-03-012024-02-2911686443dpl:ParticipatingInterests2023-03-012024-02-2911686443dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2911686443core:ListedExchangeTraded2023-03-012024-02-2911686443dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2911686443core:UnlistedNon-exchangeTraded2023-03-012024-02-2911686443dpl:CostSales2022-03-012023-02-2811686443dpl:DistributionCosts2022-03-012023-02-2811686443core:LandBuildings2022-03-012023-02-2811686443core:PlantMachinery2022-03-012023-02-2811686443core:Vehicles2022-03-012023-02-2811686443core:FurnitureFittings2022-03-012023-02-2811686443core:OfficeEquipment2022-03-012023-02-2811686443dpl:AdministrativeExpenses2022-03-012023-02-2811686443core:NetGoodwill2022-03-012023-02-2811686443core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2811686443dpl:GroupUndertakings2022-03-012023-02-2811686443dpl:ParticipatingInterests2022-03-012023-02-2811686443dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2811686443core:ListedExchangeTraded2022-03-012023-02-2811686443dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2811686443core:UnlistedNon-exchangeTraded2022-03-012023-02-2811686443core:NetGoodwill2024-02-2911686443core:IntangibleAssetsOtherThanGoodwill2024-02-2911686443core:LandBuildings2024-02-2911686443core:PlantMachinery2024-02-2911686443core:Vehicles2024-02-2911686443core:FurnitureFittings2024-02-2911686443core:OfficeEquipment2024-02-2911686443core:AfterOneYear2024-02-2911686443core:WithinOneYear2024-02-2911686443core:ListedExchangeTraded2024-02-2911686443core:UnlistedNon-exchangeTraded2024-02-2911686443core:ShareCapital2024-02-2911686443core:SharePremium2024-02-2911686443core:RevaluationReserve2024-02-2911686443core:OtherReservesSubtotal2024-02-2911686443core:RetainedEarningsAccumulatedLosses2024-02-2911686443core:NetGoodwill2023-02-2811686443core:IntangibleAssetsOtherThanGoodwill2023-02-2811686443core:LandBuildings2023-02-2811686443core:PlantMachinery2023-02-2811686443core:Vehicles2023-02-2811686443core:FurnitureFittings2023-02-2811686443core:OfficeEquipment2023-02-2811686443core:AfterOneYear2023-02-2811686443core:WithinOneYear2023-02-2811686443core:Liste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PROFOUNDLY U.K. LTD

Registered Number
11686443
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

PROFOUNDLY U.K. LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

MAUTHOOR, Mohammud Afzaal
SO, Kai Cheung
ZHUO, Shi

Registered Address

Dowgate Hill House
14 - 16 Dowgate Hill
London
EC4R 2SU

Registered Number

11686443 (England and Wales)
PROFOUNDLY U.K. LTD
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors323,83337,500
Cash at bank and on hand14,8942,989
38,72740,489
Creditors amounts falling due within one year4(10,919)(24,027)
Net current assets (liabilities)27,80816,462
Total assets less current liabilities27,80816,462
Creditors amounts falling due after one year5(50,000)(50,000)
Net assets(22,192)(33,538)
Capital and reserves
Called up share capital111111
Share premium49,98949,989
Profit and loss account(72,292)(83,638)
Shareholders' funds(22,192)(33,538)
The financial statements were approved and authorised for issue by the Board of Directors on 3 December 2024, and are signed on its behalf by:
MAUTHOOR, Mohammud Afzaal
Director
Registered Company No. 11686443
PROFOUNDLY U.K. LTD
Notes to the Financial Statements
for the year ended 29 February 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.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2.Average number of employees

20242023
Average number of employees during the year12
3.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables16,90229,919
Other debtors6,9317,581
Total23,83337,500
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-2,500
Bank borrowings and overdrafts413429
Taxation and social security9,2739,773
Other creditors3310,125
Accrued liabilities and deferred income1,2001,200
Total10,91924,027
5.Creditors: amounts due after one year

2024

2023

££
Other creditors50,00050,000
Total50,00050,000
6.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
MAUTHOOR, Mohammud Afzaal2,28006501,630
Short term loan
2,28006501,630
The balances on these loans are included in 'Other debtors' in the financial statements, due within one year.