Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 8 8 2024-04-01 false No description of principal activity true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC446822 2024-04-01 2025-03-31 SC446822 2023-04-01 2024-03-31 SC446822 2025-03-31 SC446822 2024-03-31 SC446822 c:Director1 2024-04-01 2025-03-31 SC446822 c:Director2 2024-04-01 2025-03-31 SC446822 c:Director3 2024-04-01 2025-03-31 SC446822 c:Director4 2024-04-01 2025-03-31 SC446822 c:RegisteredOffice 2024-04-01 2025-03-31 SC446822 d:Buildings 2024-04-01 2025-03-31 SC446822 d:Buildings 2025-03-31 SC446822 d:Buildings 2024-03-31 SC446822 d:Buildings d:LongLeaseholdAssets 2024-04-01 2025-03-31 SC446822 d:MotorVehicles 2024-04-01 2025-03-31 SC446822 d:MotorVehicles 2025-03-31 SC446822 d:MotorVehicles 2024-03-31 SC446822 d:OfficeEquipment 2024-04-01 2025-03-31 SC446822 d:OfficeEquipment 2025-03-31 SC446822 d:OfficeEquipment 2024-03-31 SC446822 d:CurrentFinancialInstruments 2025-03-31 SC446822 d:CurrentFinancialInstruments 2024-03-31 SC446822 d:Non-currentFinancialInstruments 2025-03-31 SC446822 d:Non-currentFinancialInstruments 2024-03-31 SC446822 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 SC446822 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC446822 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 SC446822 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC446822 d:ShareCapital 2025-03-31 SC446822 d:ShareCapital 2024-03-31 SC446822 d:RetainedEarningsAccumulatedLosses 2025-03-31 SC446822 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC446822 c:OrdinaryShareClass1 2024-04-01 2025-03-31 SC446822 c:OrdinaryShareClass1 2025-03-31 SC446822 c:OrdinaryShareClass1 2024-03-31 SC446822 c:OrdinaryShareClass2 2024-04-01 2025-03-31 SC446822 c:OrdinaryShareClass2 2025-03-31 SC446822 c:OrdinaryShareClass2 2024-03-31 SC446822 c:OrdinaryShareClass3 2024-04-01 2025-03-31 SC446822 c:OrdinaryShareClass3 2025-03-31 SC446822 c:OrdinaryShareClass3 2024-03-31 SC446822 c:FRS102 2024-04-01 2025-03-31 SC446822 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC446822 c:FullAccounts 2024-04-01 2025-03-31 SC446822 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC446822 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: SC446822 PROFILE PROJECTS LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
PROFILE PROJECTS LTD COMPANY INFORMATION
Directors | Mr N S Kinnell
| Mr M McGrath
| Mrs N Kinnell
| Mrs T A McGrath
Registered number | SC446822
Registered office | Blairingone Church
| Main Street
| Blairingone
| Dollar
| FK14 7NY
Accountants | EQ Accountants Limited
| Chartered Accountants
| Pentland House
| Saltire Centre
| Glenrothes
| Fife
| KY6 2AH
PROFILE PROJECTS LTD REGISTERED NUMBER: SC446822 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 555,498 |  | 555,498
|  |  | 555,498 |  | 555,498
Current assets |  |  |  |  |
Stocks |  | 1,006,425 |  | 754,203 |
Debtors: amounts falling due within one year | 5 | 1,116,952 |  | 882,087 |
Cash at bank and in hand |  | 138,184 |  | 58,461 |
|  | 2,261,561 |  | 1,694,751 |
Creditors: amounts falling due within one year | 6 | (1,072,454) |  | (1,110,649) |
Net current assets |  |  | 1,189,107 |  | 584,102
Total assets less current liabilities |  |  | 1,744,605 |  | 1,139,600
Creditors: amounts falling due after more than one year | 7 |  | (194,397) |  | (251,224)
Provisions for liabilities |  |  |  |  |
Deferred tax |  | - |  | (42) |
|  |  | - |  | (42)
Net assets |  |  | 1,550,208 |  | 888,334
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 100 |  | 100
Profit and loss account |  |  | 1,550,108 |  | 888,234
|  |  | 1,550,208 |  | 888,334
Page 1
PROFILE PROJECTS LTD REGISTERED NUMBER: SC446822 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Mr N S Kinnell | Mr M McGrath
Director | Director
Date: 9 December 2025 |
The notes on pages 3 to 7 form part of these financial statements. Page 2
PROFILE PROJECTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Profile Projects Ltd is a private company, limited by shares, incorporated in Scotland with registration number SC446822. The registered office is Blairingone Church, Blairingone, Dollar, FK14 7NY. The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised: Sale of goods Turnover from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of turnover can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of turnover can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Page 3
PROFILE PROJECTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.4 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.5 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current 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 income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date. Page 4
PROFILE PROJECTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.6 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - |  | Nil
|  |  |  | Leasehold improvement | - | 10% | straight line
|  |  |  | Motor vehicles | - | 25% | straight line
|  |  |  | Office equipment | - | 25% | straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.7 | Work in progress
Work in progress is valued at the lower of cost and net realisable value.
| 2.8 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the year was 8 (2024 - 8).
Page 5
PROFILE PROJECTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Freehold property | Motor vehicles | Office equipment | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 April 2024 | 555,498 | 5,634 | 4,086 | 565,218
| At 31 March 2025 | 555,498 | 5,634 | 4,086 | 565,218
| Depreciation |  |  |  |
| At 1 April 2024 | - | 5,634 | 4,086 | 9,720
| At 31 March 2025 | - | 5,634 | 4,086 | 9,720
| Net book value |  |  |  |
| At 31 March 2025 | 555,498 | - | - | 555,498
| At 31 March 2024 | 555,498 | - | - | 555,498
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 1,024,845 | 772,407
| Prepayments and accrued income | 7,215 | 1,527
| Tax recoverable | 84,892 | 108,153
|  | 1,116,952 | 882,087
| Included in other debtors are loans due from the directors amounting to £740,769 (2024 - £539,165). Interest is charged at official rates and no repayment terms have been agreed.
Page 6
PROFILE PROJECTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 77,812 | 78,926
| Trade creditors | 402,180 | 571,369
| Other taxation and social security | 541,692 | 446,098
| Other creditors | 48,852 | 11,928
| Accruals and deferred income | 1,918 | 2,328
|  | 1,072,454 | 1,110,649
| Bank loans of £25,812 are secured.
7. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 194,397 | 251,224
|  | 194,397 | 251,224
| Bank loans of £160,850 are secured with £57,601 falling due in more than 5 years.
8. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 90 (2024 - 90) Ordinary Shares of £1.00 each | 90 | 90
|  | 5 (2024 - 5) Ordinary A Shares of £1.00 each | 5 | 5
|  | 5 (2024 - 5) Ordinary B Shares of £1.00 each | 5 | 5
|  |  | 100 | 100
Page 7