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Company Registration No. 11686443 (England and Wales)
PROFOUNDLY U.K. LTD Unaudited accounts for the year ended 28 February 2025
PROFOUNDLY U.K. LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PROFOUNDLY U.K. LTD Company Information for the year ended 28 February 2025
Directors
Mohammud Afzaal MAUTHOOR Shi ZHUO Kai Cheung SO
Company Number
11686443 (England and Wales)
Registered Office
DOWGATE HILL HOUSE 14 - 16 DOWGATE HILL LONDON EC4R 2SU UNITED KINGDOM
Accountants
WNR Associates Limited 167-169 Great Portland Street 5th Floor London W1W 5PF
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PROFOUNDLY U.K. LTD Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Current assets
Debtors
4
23,834
23,834
Cash at bank and in hand
6,698
14,446
30,532
38,280
Creditors: amounts falling due within one year
5
(53,866)
(60,472)
Net current liabilities
(23,334)
(22,192)
Net liabilities
(23,334)
(22,192)
Capital and reserves
Called up share capital
7
111
111
Share premium
49,989
49,989
Profit and loss account
(73,434)
(72,292)
Shareholders' funds
(23,334)
(22,192)
For the year ending 28 February 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 23 April 2026 and were signed on its behalf by
Mohammud Afzaal MAUTHOOR Director Company Registration No. 11686443
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PROFOUNDLY U.K. LTD Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
PROFOUNDLY U.K. LTD is a private company, limited by shares, registered in England and Wales, registration number 11686443. The registered office is DOWGATE HILL HOUSE, 14 - 16 DOWGATE HILL, LONDON, EC4R 2SU, UNITED KINGDOM.
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.
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.
Going concern
The company at present is showing a deficit on resources and in the Balance sheet totals. The Directors have accessed situation and have also showed intention not to draw down on any loans made to the company until such a time when the company is able to begin repayment without adversely affecting its operations. The directors consider the use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
4
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
16,903
16,903
Other debtors
1,630
1,630
18,533
18,533
Amounts falling due after more than one year
Other debtors
5,301
5,301
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PROFOUNDLY U.K. LTD Notes to the Accounts for the year ended 28 February 2025
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
302
-
Taxes and social security
7,273
9,272
Other creditors
91
-
Loans from directors
45,000
50,000
Accruals
1,200
1,200
53,866
60,472
Included in 'Creditors due after one year' is a director loan which represents an amount owed to Mr Kai Cheung So of £45,000. This loan is interest free, unsecured and for a duration of 5 years from 01/08/2019. This loan will subordinate in favour of third party creditors. Mr Kai Cheung So is both a director of the the company and holds 10% of the share capital of the company.
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
111 Ordinary shares of £1 each
111
111
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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