PROFIT ACCOUNTING SERVICES LTD

Company Registration Number:
10622530 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2025

Period of accounts

Start date: 01 March 2024

End date: 28 February 2025

PROFIT ACCOUNTING SERVICES LTD

Contents of the Financial Statements

for the Period Ended 28 February 2025

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 11

PROFIT ACCOUNTING SERVICES LTD

Company Information

for the Period Ended 28 February 2025




Director: Ivaylo Ivanov
Registered office: 124
City Road
London
England
EC1V 2NX
Company Registration Number: 10622530 (England and Wales)

PROFIT ACCOUNTING SERVICES LTD

Profit and Loss Account

for the Period Ended 28 February 2025


Notes

2025
£

2024
£
Turnover 40,311 38,109
Gross Profit or (Loss) 40,311 38,109
Administrative Expenses ( 28,831 ) ( 27,601 )
Operating Profit or (Loss) 11,480 10,508
Profit or (Loss) Before Tax 11,480 10,508
Tax on Profit ( 2,181 ) ( 1,997 )
Profit or (Loss) for Period 9,299 8,511

The notes form part of these financial statements

PROFIT ACCOUNTING SERVICES LTD

Balance sheet

As at 28 February 2025


Notes

2025
£

2024
£
Fixed assets
Total fixed assets: - -
Current assets
Debtors: 5 6,741 6,741
Cash at bank and in hand: 19,016 18,235
Total current assets: 25,757 24,976
Creditors: amounts falling due within one year: 6 ( 2,027 ) ( 1,842 )
Net current assets (liabilities): 23,730 23,134
Total assets less current liabilities: 23,730 23,134
Total net assets (liabilities): 23,730 23,134

The notes form part of these financial statements

PROFIT ACCOUNTING SERVICES LTD

Balance sheet continued

As at 28 February 2025


Notes

2025
£

2024
£
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 23,720 23,124
Shareholders funds: 23,730 23,134

For the year ending 28 February 2025 the company was entitled to exemption 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.

This report was approved by the board of directors on 4 November 2025
And Signed On Behalf Of The Board By:

Name: Ivaylo Ivanov
Status: Director

The notes form part of these financial statements

PROFIT ACCOUNTING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PROFIT ACCOUNTING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 2. Employees


    2025

    2024
    Average number of employees during the period 1 2

PROFIT ACCOUNTING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 3. Off balance sheet disclosure

    No

PROFIT ACCOUNTING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

4. Dividends


2025
£

2024
£
Dividends paid 8,703 7,479

PROFIT ACCOUNTING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

5. Debtors


2025
£

2024
£
Other debtors 6,741 6,741
Total 6,741 6,741

PROFIT ACCOUNTING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

6.Creditors: amounts falling due within one year note


2025
£

2024
£
Taxation and social security 2,027 1,842
Total 2,027 1,842