Registration number: 12795329

Profidrum BV Limited

(Registration number: 12795329)

Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	3	141,410	164,881
Tangible assets	4	32,154	43,056
		173,564	207,937
Current assets
Stocks		75,000	20,000
Debtors	5	9,465	20,268
Cash at bank and in hand		37,211	71,512
		121,676	111,780
Creditors: Amounts falling due within one year	6	(66,325)	(80,978)
Net current assets		55,351	30,802
Total assets less current liabilities		228,915	238,739
Creditors: Amounts falling due after more than one year	6	(187,720)	(187,720)
Provisions for liabilities		(8,038)	(10,764)
Net assets		33,157	40,255
Capital and reserves
Called up share capital		100	100
Retained earnings		33,057	40,155
Shareholders' funds		33,157	40,255

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

Profidrum BV Limited

(Registration number: 12795329)

Balance Sheet as at 31 December 2024 (continued)

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 10 September 2025 and signed on its behalf by:
 

.........................................

Mr D Gray

Director

Profidrum BV Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	Accounting policies

Statutory information

Profidrum BV Limited is a private company, limited by shares, domiciled in England and Wales, company number 12795329. The registered office is at Burnwood House, Great North Road, Rockley, Retford, DN22 0QW.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Profidrum BV Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

1	Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	25% Reducing Balance
Office Equipment	33% Reducing Balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line
Product development costs	10% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Profidrum BV Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

1	Accounting policies (continued)

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the Statement of Income and Retained Earnings on a straight-line basis over the period of the lease.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

Profidrum BV Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

3	Intangible assets

	Goodwill  £	Product development costs  £	Total £
Cost
At 1 January 2024	228,745	5,950	234,695
At 31 December 2024	228,745	5,950	234,695
Amortisation
At 1 January 2024	68,625	1,190	69,815
Amortisation charge	22,875	595	23,470
At 31 December 2024	91,500	1,785	93,285
Carrying amount
At 31 December 2024	137,245	4,165	141,410
At 31 December 2023	160,120	4,761	164,881

4	Tangible assets

	Plant and machinery £	Office equipment £	Total £
Cost
At 1 January 2024	61,382	3,519	64,901
At 31 December 2024	61,382	3,519	64,901
Depreciation
At 1 January 2024	20,049	1,796	21,845
Charge for the year	10,333	569	10,902
At 31 December 2024	30,382	2,365	32,747
Carrying amount
At 31 December 2024	31,000	1,154	32,154
At 31 December 2023	41,333	1,723	43,056

Profidrum BV Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

5

Debtors

	2024 £	2023 £
Other debtors	9,465	20,268
	9,465	20,268

6

Creditors

	2024 £	2023 £
Due within one year
Trade creditors	51,193	51,862
Taxation and social security	7,150	15,544
Accruals and deferred income	1,725	7,500
Other creditors	4,661	4,660
Director current account	1,596	1,412
	66,325	80,978