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Company Registration No. 10771046 (England and Wales)
PROFBUILD LTD Unaudited accounts for the year ended 31 May 2025
PROFBUILD LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PROFBUILD LTD Company Information for the year ended 31 May 2025
Director
Timofej Culkov
Company Number
10771046 (England and Wales)
Registered Office
6a Severnmead, Hemel Hempstead HP2 6DX England
Accountants
BNA Consulting Services Ltd One Kingdom Street Paddington Central London W2 6BD
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PROFBUILD LTD Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
9,282
11,319
Current assets
Debtors
5
20,159
13,409
Cash at bank and in hand
544
1,285
20,703
14,694
Creditors: amounts falling due within one year
6
(14,268)
(25,588)
Net current assets/(liabilities)
6,435
(10,894)
Net assets
15,717
425
Capital and reserves
Called up share capital
10
10
Profit and loss account
15,707
415
Shareholders' funds
15,717
425
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 8 January 2026 and were signed on its behalf by
Timofej Culkov Director Company Registration No. 10771046
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PROFBUILD LTD Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
PROFBUILD LTD is a private company, limited by shares, registered in England and Wales, registration number 10771046. The registered office is 6a Severnmead, , Hemel Hempstead, HP2 6DX, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
18% Straight line method
Turnover
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Financial instruments
The company has elected to apply the provisions of section 11 ' Basic Financial Instruments' and section 12 'Other Financial Instruments issues' of FRS 102 to all of its financial instruments. Basic financial assets, which includes debtors, cash and bank balances, are initially measured a transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement consists a financing transaction, where the transaction is measured at the present valve of the future receipts discounted at market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Cash and cash equivalents
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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PROFBUILD LTD Notes to the Accounts for the year ended 31 May 2025
Taxation
The tax expenses represents the sum of the tax currently payable. The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further includes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 June 2024
16,834
At 31 May 2025
16,834
Depreciation
At 1 June 2024
5,515
Charge for the year
2,037
At 31 May 2025
7,552
Net book value
At 31 May 2025
9,282
At 31 May 2024
11,319
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
350
495
Accrued income and prepayments
19,809
12,914
20,159
13,409
6
Creditors: amounts falling due within one year
2025
2024
£
£
Loans from directors
14,268
25,588
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PROFBUILD LTD Notes to the Accounts for the year ended 31 May 2025
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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