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REGISTERED NUMBER: 12131507 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PROFILM ADVANCED MATERIALS LIMITED

PROFILM ADVANCED MATERIALS LIMITED (REGISTERED NUMBER: 12131507)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROFILM ADVANCED MATERIALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr P J A Rockey
Mr D Robertson
Mr G Li





REGISTERED OFFICE: Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 12131507 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

PROFILM ADVANCED MATERIALS LIMITED (REGISTERED NUMBER: 12131507)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes $    $    $   
FIXED ASSETS
Tangible assets 4 215,847 261,486

CURRENT ASSETS
Stocks 5 488,180 754,833
Debtors 6 1,244,012 502,612
Cash at bank 304,766 110,563
2,036,958 1,368,008
CREDITORS
Amounts falling due within one year 7 1,703,440 1,295,659
NET CURRENT ASSETS 333,518 72,349
TOTAL ASSETS LESS CURRENT
LIABILITIES

549,365

333,835

CREDITORS
Amounts falling due after more than one
year

8

317,155

317,155
NET ASSETS 232,210 16,680

CAPITAL AND RESERVES
Called up share capital 9 104 103
Retained earnings 10 232,106 16,577
SHAREHOLDERS' FUNDS 232,210 16,680

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

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

The directors acknowledge their 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.

PROFILM ADVANCED MATERIALS LIMITED (REGISTERED NUMBER: 12131507)

BALANCE SHEET - continued
31 DECEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2025 and were signed on its behalf by:





Mr D Robertson - Director


PROFILM ADVANCED MATERIALS LIMITED (REGISTERED NUMBER: 12131507)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Profilm Advanced Materials Limited is a private company, limited by shares , registered in England and Wales. 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 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.

Leasehold 5% on cost
Plant & Machinery 20% on cost
Motor Vehicles 20% on cost
Computer Equipment 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2023 - 8 ) .

PROFILM ADVANCED MATERIALS LIMITED (REGISTERED NUMBER: 12131507)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Office Motor Computer
property Equipment vehicles equipment Totals
$    $    $    $    $   
COST
At 1 January 2024
and 31 December 2024 192,691 39,829 98,575 28,661 359,756
DEPRECIATION
At 1 January 2024 13,649 19,469 47,848 17,304 98,270
Charge for year 9,635 7,966 19,715 8,323 45,639
At 31 December 2024 23,284 27,435 67,563 25,627 143,909
NET BOOK VALUE
At 31 December 2024 169,407 12,394 31,012 3,034 215,847
At 31 December 2023 179,042 20,360 50,727 11,357 261,486

5. STOCKS
31.12.24 31.12.23
$    $   
Stocks 488,180 754,833

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
$    $   
Trade debtors 695,270 394,387
Provision for bad debts - (1,207 )
Other debtors 198,074 76,016
VAT 36,422 33,416
Prepayments and accrued income 314,246 -
1,244,012 502,612

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
$    $   
Trade creditors 1,423,330 1,185,834
Corporation tax 103,138 -
Other creditors 35,035 27,806
Director's current account - 57,539
Accruals and deferred income 141,937 24,480
1,703,440 1,295,659

PROFILM ADVANCED MATERIALS LIMITED (REGISTERED NUMBER: 12131507)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
$    $   
Loan - D W Robertson 60,000 60,000
Loan - P J A Rockey 60,000 60,000
Loan - Profilm Advanced Materi 197,155 197,155
317,155 317,155

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: $    $   
100 Ordinary £1 104 103

10. RESERVES
Retained
earnings
$   

At 1 January 2024 16,577
Profit for the year 397,350
Dividends (181,821 )
At 31 December 2024 232,106

11. RELATED PARTY DISCLOSURES

Included under debtors is an amount owed by a related party, Profilm LLC of $Nil (2023: $13,844).

Included under creditors is an amount owed to the company shareholder:
Profilm Advanced Materials Co Ltd of $197,155 (2023: $197,155).

These loans are interest free, unsecured and repayable on demand.
The ultimate controlling party of the company is its directors.