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Registration number: 12637086

eProfiler Solutions Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

eProfiler Solutions Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

eProfiler Solutions Ltd

Company Information

Directors

Mr P A E Evans

Mr D C Lane

Registered office

Barclays Bank Chambers
18 High Street
Tenby
Pembrokeshire
SA70 7HD

 

eProfiler Solutions Ltd

(Registration number: 12637086)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

86,929

46,207

Current assets

 

Debtors

5

996

996

Cash at bank and in hand

 

1,284

1,147

 

2,280

2,143

Creditors: Amounts falling due within one year

6

(1,187)

(53,494)

Net current assets/(liabilities)

 

1,093

(51,351)

Total assets less current liabilities

 

88,022

(5,144)

Creditors: Amounts falling due after more than one year

6

(118,606)

-

Net liabilities

 

(30,584)

(5,144)

Capital and reserves

 

Called up share capital

1,000

1,000

Profit and loss account

(31,584)

(6,144)

Total equity

 

(30,584)

(5,144)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 3 March 2025 and signed on its behalf by:
 

.........................................
Mr D C Lane
Director

   
     
 

eProfiler Solutions Ltd

Notes to the Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Barclays Bank Chambers
18 High Street
Tenby
Pembrokeshire
SA70 7HD

These financial statements were authorised for issue by the Board on 3 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Software Development Costs

Not Amortised

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

eProfiler Solutions Ltd

Notes to the Financial Statements for the Year Ended 30 June 2024

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 1).

 

eProfiler Solutions Ltd

Notes to the Financial Statements for the Year Ended 30 June 2024

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 July 2023

46,207

46,207

Additions acquired separately

40,722

40,722

At 30 June 2024

86,929

86,929

Amortisation

Carrying amount

At 30 June 2024

86,929

86,929

At 30 June 2023

46,207

46,207

Revalued assets for the year ended 30 June 2023

5

Debtors

2024
£

2023
£

Other debtors

996

996

996

996

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Directors' loan accounts

 

-

52,306

Other creditors

 

1,187

1,188

 

1,187

53,494

Due after one year

 

Loans and borrowings

8

118,606

-

Creditors: amounts falling due after more than one year

 

eProfiler Solutions Ltd

Notes to the Financial Statements for the Year Ended 30 June 2024

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

118,606

-

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £0.01 each

95,000

950.00

95,000

950.00

A Ordinary of £0.01 each

5,000

50.00

5,000

50.00

 

100,000

1,000

100,000

1,000

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Other borrowings

118,606

-