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REGISTERED NUMBER: SC257932 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PROFIT COUNTS LIMITED

PROFIT COUNTS LIMITED (REGISTERED NUMBER: SC257932)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROFIT COUNTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: B H Sheppard BAcc CA





REGISTERED OFFICE: 13 Glasgow Road
Paisley
Renfrewshire
PA1 3QS





REGISTERED NUMBER: SC257932 (Scotland)





ACCOUNTANTS: Profit Counts Limited
13 Glasgow Road
Paisley
Renfrewshire
PA1 3QS

PROFIT COUNTS LIMITED (REGISTERED NUMBER: SC257932)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25 25

CURRENT ASSETS
Debtors 5 100,350 142,843
Cash at bank 18,989 19,105
119,339 161,948
CREDITORS
Amounts falling due within one year 6 58,251 80,346
NET CURRENT ASSETS 61,088 81,602
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,113

81,627

CREDITORS
Amounts falling due after more than one
year

7

11,667

21,667
NET ASSETS 49,446 59,960

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 49,444 59,958
SHAREHOLDERS' FUNDS 49,446 59,960

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

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

The director acknowledges his 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 director and authorised for issue on 23 March 2025 and were signed by:





B H Sheppard BAcc CA - Director


PROFIT COUNTS LIMITED (REGISTERED NUMBER: SC257932)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Profit Counts Limited is a private company, limited by shares , registered in Scotland. 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 represents net invoiced sales of services, excluding value added tax.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 33,705
DEPRECIATION
At 1 April 2023
and 31 March 2024 33,680
NET BOOK VALUE
At 31 March 2024 25
At 31 March 2023 25

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Debtors 100,350 84,684
Other debtors - 58,159
100,350 142,843

PROFIT COUNTS LIMITED (REGISTERED NUMBER: SC257932)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 29,263 37,426
Taxation and social security 18,054 32,920
Other creditors 934 -
58,251 80,346

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,667 21,667

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the financial year end the the company owed the director £934. At the previous year end the director owed the Company £58,159 and this was repaid in full prior to 31 December 2023.