REGISTERED NUMBER: 15545484 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 7 MARCH 2024 TO 31 DECEMBER 2024

FOR

PROFIONICS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Fergus

REGISTERED OFFICE:

Stevenage Bioscience Catalyst

Gunnels Wood Road

Stevenage

SG1 2FX

REGISTERED NUMBER:

15545484 (England and Wales)

AUDITORS:

Armstrongs Accountancy Ltd

Chartered Accountants and Statutory Auditor

1 & 2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

CURRENT ASSETS

Debtors

4

7,634

Cash at bank

88,627

96,261

CREDITORS

Amounts falling due within one year

5

24,547

NET CURRENT ASSETS

71,714

TOTAL ASSETS LESS CURRENT LIABILITIES

71,714

CREDITORS

Amounts falling due after more than one year

6

126,036

NET LIABILITIES

(54,322

)

CAPITAL AND RESERVES

Called up share capital

6

Retained earnings

(54,328

)

(54,322

)

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 2 September 2025 and were signed by:

D Fergus - Director

1.	STATUTORY INFORMATION

Profionics Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

4

Directors' current accounts

1

VAT

7,341

Prepayments and accrued income

288

7,634

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

14,496

Amounts owed to group undertakings

6,301

Accrued expenses

3,750

24,547

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other loans more 5yrs non-inst

126,036

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

126,036

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Muhammed Shabbir (Senior Statutory Auditor)

for and on behalf of Armstrongs Accountancy Ltd

8.	ULTIMATE CONTROLLING PARTY

The controlling party is NLC Ventures Netherlands B.V.

The registered address of NLC Ventures Netherlands B.V. is Paasheuvelweg 25 1105 BP Amsterdam.