Company Registration No. 10108607 (England and Wales)
Profit& Ltd
Unaudited accounts
for the year ended 31 March 2025
Profit& Ltd
Unaudited accounts
Contents
Profit& Ltd
Company Information
for the year ended 31 March 2025
Directors
Pawel Kowalski
Francesco D'Aguanno
Company Number
10108607 (England and Wales)
Registered Office
100 Bishopsgate
18th Floor
London
EC4N 7BP
England
Accountants
The Accountancy Cloud
1 Fore Street Avenue
London
EC2Y 9DT
Profit& Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
452,851
361,566
Creditors: amounts falling due within one year
(80,723)
(41,385)
Net current assets
641,299
533,648
Net assets
664,042
556,887
Called up share capital
2,175
2,175
Profit and loss account
661,867
554,712
Shareholders' funds
664,042
556,887
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by
Francesco D'Aguanno
Director
Company Registration No. 10108607
Profit& Ltd
Notes to the Accounts
for the year ended 31 March 2025
Profit& Ltd is a private company, limited by shares, registered in England and Wales, registration number 10108607. The registered office is 100 Bishopsgate, 18th Floor, London, EC4N 7BP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
2 year straight line basis
Computer equipment
2 year straight line basis
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investments in shares are included at cost.
Profit& Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
2,788
22,363
25,151
At 31 March 2025
2,982
22,363
25,345
At 1 April 2024
2,779
22,363
25,142
Charge for the year
65
-
65
At 31 March 2025
2,844
22,363
25,207
At 31 March 2025
138
-
138
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Investments
Subsidiary undertakings
Valuation at 1 April 2024
23,230
Fair value adjustments
(625)
Valuation at 31 March 2025
22,605
Investments in shares are included at cost.
Amounts falling due within one year
Trade debtors
250,209
189,075
Accrued income and prepayments
18,547
23,574
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
2,079
10,201
Taxes and social security
71,560
29,350
Other creditors
3,432
1,834
Profit& Ltd
Notes to the Accounts
for the year ended 31 March 2025
Allotted, called up and fully paid:
2,000,000 A Ordinary shares of £0.001 each
2,000
2,000
175,000 B Ordinary shares of £0.001 each
175
175
At the year end, Pension Commitments of £3,032 (31 March 2024: £1,981) were outstanding.
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Average number of employees
During the year the average number of employees was 8 (2024: 7).