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REGISTERED NUMBER: 04286892















Unaudited Financial Statements for the Year Ended 30 September 2024

for

PROFEET LIMITED

PROFEET LIMITED (Registered number: 04286892)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROFEET LIMITED

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mrs S A Wolfenden





SECRETARY: Mrs S A Wolfenden





REGISTERED OFFICE: 867-869 Fulham Road
London
SW6 5HP





BUSINESS ADDRESS: 50 Annett Road
Walton on Thames
Surrey
KT12 2JS





REGISTERED NUMBER: 04286892





ACCOUNTANTS: EKB Accountancy Services Ltd
Certified Accountants
39-41 North Road
London
N7 9DP

PROFEET LIMITED (Registered number: 04286892)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 34,331 41,214

CURRENT ASSETS
Stocks 398,750 303,750
Debtors 5 44,014 39,671
Cash at bank and in hand 65 538
442,829 343,959
CREDITORS
Amounts falling due within one year 6 572,981 491,323
NET CURRENT LIABILITIES (130,152 ) (147,364 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(95,821

)

(106,150

)

CREDITORS
Amounts falling due after more than one year 7 16,362 27,010
NET LIABILITIES (112,183 ) (133,160 )

CAPITAL AND RESERVES
Called up share capital 1,345 1,345
Retained earnings (113,528 ) (134,505 )
SHAREHOLDERS' FUNDS (112,183 ) (133,160 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

PROFEET LIMITED (Registered number: 04286892)

Balance Sheet - continued
30 September 2024


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 5 April 2025 and were signed by:





Mrs S A Wolfenden - Director


PROFEET LIMITED (Registered number: 04286892)

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

1. STATUTORY INFORMATION

PROFEET LIMITED is a private company, limited by shares , registered in Not specified/Other. 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.

The financial statements have been prepared on a going basis because it is assumed that the company will continue in operational existence for the foreseeable future. It has the support of its directors and bankers.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over the life of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

PROFEET LIMITED (Registered number: 04286892)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 October 2023
and 30 September 2024 100,052 182,070 129,733 16,751 428,606
DEPRECIATION
At 1 October 2023 77,241 172,831 123,219 14,101 387,392
Charge for year 2,281 2,310 1,629 663 6,883
At 30 September 2024 79,522 175,141 124,848 14,764 394,275
NET BOOK VALUE
At 30 September 2024 20,530 6,929 4,885 1,987 34,331
At 30 September 2023 22,811 9,239 6,514 2,650 41,214

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 28,841 29,396
VAT 7,473 -
Prepayments and accrued income 7,700 10,275
44,014 39,671

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 40,461 45,677
Trade creditors 501,416 396,778
Taxation and social security 8,159 42,986
Other creditors 22,945 5,882
572,981 491,323

PROFEET LIMITED (Registered number: 04286892)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 16,362 27,010