Company Registration No. SC671759 (Scotland)
Profit Champions Limited
Unaudited accounts
for the year ended 31 August 2025
Profit Champions Limited
Unaudited accounts
Contents
Profit Champions Limited
Company Information
for the year ended 31 August 2025
Company Number
SC671759 (Scotland)
Registered Office
Waterheads Farmhouse
Waterheads
PEEBLES
Peeblesshire
EH45 8QX
Scotland
Profit Champions Limited
Statement of financial position
as at 31 August 2025
Intangible assets
892
1,783
Tangible assets
138,497
139,591
Cash at bank and in hand
4,311
10,310
Creditors: amounts falling due within one year
(132,416)
(147,348)
Net current liabilities
(128,105)
(137,002)
Called up share capital
1
1
Profit and loss account
11,283
4,371
Shareholders' funds
11,284
4,372
For the year ending 31 August 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 28 May 2026 and were signed on its behalf by
Dave Drimmie
Director
Company Registration No. SC671759
Profit Champions Limited
Notes to the Accounts
for the year ended 31 August 2025
Profit Champions Limited is a private company, limited by shares, registered in Scotland, registration number SC671759. The registered office is Waterheads Farmhouse, Waterheads , PEEBLES, Peeblesshire, EH45 8QX, Scotland.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
4
Intangible fixed assets
Other
Profit Champions Limited
Notes to the Accounts
for the year ended 31 August 2025
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 September 2024
132,696
6,895
139,591
At 31 August 2025
132,696
7,636
140,332
Charge for the year
-
1,835
1,835
At 31 August 2025
-
1,835
1,835
At 31 August 2025
132,696
5,801
138,497
At 31 August 2024
132,696
6,895
139,591
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
1,835
-
Loans from directors
129,881
146,648
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).