| Proflex Limited |
| Registered number: |
04718765 |
| Balance Sheet |
| as at 31 May 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
50,264 |
|
|
34,808 |
|
| Current assets |
| Debtors |
4 |
|
913,585 |
|
|
939,847 |
| Cash at bank and in hand |
|
|
864,332 |
|
|
873,581 |
|
|
|
1,777,917 |
|
|
1,813,428 |
|
| Creditors: amounts falling due within one year |
5 |
|
(412,342) |
|
|
(343,146) |
|
| Net current assets |
|
|
|
1,365,575 |
|
|
1,470,282 |
|
| Total assets less current liabilities |
|
|
|
1,415,839 |
|
|
1,505,090 |
|
|
| Provisions for liabilities |
|
|
|
(12,289) |
|
|
(8,408) |
|
|
| Net assets |
|
|
|
1,403,550 |
|
|
1,496,682 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
| Profit and loss account |
|
|
|
1,402,550 |
|
|
1,495,682 |
|
| Shareholders' funds |
|
|
|
1,403,550 |
|
|
1,496,682 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| G G Collacott |
| Director |
| Approved by the board on 19 December 2025 |
|
| Proflex Limited |
| Notes to the Accounts |
| for the year ended 31 May 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006. |
|
|
Turnover |
|
Turnover represents the value, net of value added tax, of work carried out in respect of services provided to customers. It is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
Plant and machinery |
10%-33.2% reducing balance |
|
|
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 the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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. Current and deferred tax assets and liabilities are not discounted. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable for the year by the company to the fund. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
44 |
|
38 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 June 2024 |
87,071 |
|
Additions |
28,397 |
|
Disposals |
(19,996) |
|
At 31 May 2025 |
95,472 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2024 |
52,263 |
|
Charge for the year |
9,563 |
|
On disposals |
(16,618) |
|
At 31 May 2025 |
45,208 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2025 |
50,264 |
|
At 31 May 2024 |
34,808 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
540,159 |
|
543,975 |
|
Other debtors |
373,426 |
|
395,872 |
|
|
|
|
|
|
913,585 |
|
939,847 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
28,234 |
|
4,990 |
|
Taxation and social security costs |
301,933 |
|
264,474 |
|
Other creditors |
82,175 |
|
73,682 |
|
|
|
|
|
|
412,342 |
|
343,146 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other financial commitments |
2025 |
|
2024 |
| £ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
6,326 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
G.G.Collacott |
|
The outstanding loan is interest free and repayable on demand.The amounts paid/repaid represent the total of such items during the year. The balance due from the director at the year end is shown under Other Debtors in the Balance Sheet. |
204,743 |
|
2,143 |
|
(60,000) |
|
146,886 |
|
|
|
204,743 |
|
2,143 |
|
(60,000) |
|
146,886 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
Proflex Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
HCH House |
|
Horton Road |
|
Slough |
|
Berkshire |
|
SL3 0AT |