REGISTERED NUMBER: 12980072 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 October 2025

for

PROFEX SERVICE LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

J E Thompson

Buckingham Directors Limited

REGISTERED OFFICE:

19 Leyden Street

London

E1 7LE

REGISTERED NUMBER:

12980072 (England and Wales)

ACCOUNTANTS:

Trustige Limited

4th Floor, Portman House,

2 Portman Street

London

W1H 6DU

The directors present their report with the financial statements of the company for the year ended 31 October 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 November 2024 to the date of this report.

J E Thompson

Buckingham Directors Limited

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

J E Thompson - Director

30 October 2026

TURNOVER

9,666,911

3,694,601

Cost of sales

8,700,183

3,324,950

GROSS PROFIT

966,728

369,651

Administrative expenses

3,586,844

715,335

(2,620,116

)

(345,684

)

Other operating income

2,531

-

OPERATING LOSS

(2,617,585

)

(345,684

)

Interest payable and similar expenses

-

949

LOSS BEFORE TAXATION

(2,617,585

)

(346,633

)

Tax on loss

-

(2,925

)

LOSS FOR THE FINANCIAL YEAR

(2,617,585

)

(343,708

)

CURRENT ASSETS

Debtors

4

16,295,958

9,604,726

Cash at bank

5,576

37,953

16,301,534

9,642,679

CREDITORS

Amounts falling due within one year

5

17,029,735

8,324,558

NET CURRENT (LIABILITIES)/ASSETS

(728,201

)

1,318,121

TOTAL ASSETS LESS CURRENT LIABILITIES

(728,201

)

1,318,121

CREDITORS

Amounts falling due after more than one year

6

(797,554

)

(754,721

)

PROVISIONS FOR LIABILITIES

(1,731,137

)

(1,202,707

)

NET LIABILITIES

(3,256,892

)

(639,307

)

CAPITAL AND RESERVES

Called up share capital

1,369

1,369

Retained earnings

(3,258,261

)

(640,676

)

(3,256,892

)

(639,307

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2026 and were signed on its behalf by:

J E Thompson - Director

1.	STATUTORY INFORMATION

Profex Service Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.

DEBTORS

2025

2024

$

$

Amounts falling due within one year:

Trade debtors

16,295,125

-

Other debtors

833

-

16,295,958

-

Amounts falling due after more than one year:

Trade debtors

-

9,604,726

Aggregate amounts

16,295,958

9,604,726

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

$

$

Trade creditors

17,027,577

2,770,950

Taxation and social security

-

(2,925

)

Other creditors

2,158

5,556,533

17,029,735

8,324,558

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

$

$

Trade creditors

88,193

88,193

Other creditors

709,361

666,528

797,554

754,721