1 April 2024 false No description of principal activity Taxfiler 2024.6 SC722619business:PrivateLimitedCompanyLtd2024-04-012025-03-31 SC7226192024-03-31 SC7226192024-04-012025-03-31 SC722619business:AuditExempt-NoAccountantsReport2024-04-012025-03-31 SC722619business:FilletedAccounts2024-04-012025-03-31 SC7226192025-03-31 SC722619business:Director12024-04-012025-03-31 SC722619business:Director22024-04-012025-03-31 SC722619business:Director32024-04-012025-03-31 SC722619business:RegisteredOffice2024-04-012025-03-31 SC7226192024-03-31 SC722619core:WithinOneYear2025-03-31 SC722619core:WithinOneYear2024-03-31 SC722619core:ShareCapitalcore:PreviouslyStatedAmount2025-03-31 SC722619core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 SC722619core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 SC722619core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 SC722619core:PreviouslyStatedAmount2025-03-31 SC722619core:PreviouslyStatedAmount2024-03-31 SC722619business:SmallEntities2024-04-012025-03-31 SC722619countries:Scotland2024-04-012025-03-31 SC722619core:MotorVehicles2024-04-012025-03-31 SC722619core:MotorVehicles2024-03-31 SC722619core:MotorVehicles2025-03-31 SC7226192023-04-012024-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC722619 (Scotland)
Profix Contracts Ltd Unaudited accounts for the year ended 31 March 2025
Profix Contracts Ltd Unaudited accounts Contents
Page
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Profix Contracts Ltd Company Information for the year ended 31 March 2025
Directors
D McGartland R J Smith K Toner
Company Number
SC722619 (Scotland)
Registered Office
Unit 1, Block 10 Dundyvan Industrial Estate Coatbridge ML5 4AQ United Kingdom
Accountants
Ambient Accounting Ltd Suite 6 Ellesmere House 1 Pennington Street Worsley Manchester M28 3LR
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Profix Contracts Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
62,033 
26,577 
Current assets
Inventories
158,225 
114,646 
Debtors
546,567 
247,163 
Cash at bank and in hand
75,680 
51,680 
780,472 
413,489 
Creditors: amounts falling due within one year
(716,361)
(393,324)
Net current assets
64,111 
20,165 
Net assets
126,144 
46,742 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
126,044 
46,642 
Shareholders' funds
126,144 
46,742 
For the year ending 31 March 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by
K Toner Director Company Registration No. SC722619
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Profix Contracts Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Profix Contracts Ltd is a private company, limited by shares, registered in Scotland, registration number SC722619. The registered office is Unit 1, Block 10, Dundyvan Industrial Estate, Coatbridge, ML5 4AQ, United Kingdom.
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:
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2024
30,521 
Additions
43,931 
At 31 March 2025
74,452 
Depreciation
At 1 April 2024
3,944 
Charge for the year
8,475 
At 31 March 2025
12,419 
Net book value
At 31 March 2025
62,033 
At 31 March 2024
26,577 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
318,438 
179,509 
Other debtors
228,129 
67,654 
546,567 
247,163 
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Profix Contracts Ltd Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
28,500 
- 
Trade creditors
561,001 
300,525 
Taxes and social security
81,429 
57,943 
Other creditors
45,431 
34,856 
716,361 
393,324 
7
Average number of employees
During the year the average number of employees was 3 (2024: 1).
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