Prophet Profiling Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03665491

Prophet Profiling Limited

Filleted Unaudited Financial Statements

31 March 2025

Prophet Profiling Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Officers and professional advisers	1

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Prophet Profiling Limited

Officers and Professional Advisers

The board of directors	M A Coates
	S A Wyman

Registered office	91 Wimpole Street
	London
	W1G 0EF

Accountants	Complete Accounting Solutions
	Chartered Certified Accountants
	727-729 High Road
	London
	N12 0BP

Prophet Profiling Limited

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Prophet Profiling Limited

Year ended 31 March 2025

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2025, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Complete Accounting Solutions Chartered Certified Accountants

727-729 High Road London N12 0BP

Prophet Profiling Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	6	542,219	406,457
Tangible assets	7	2,029	2,399
		---------	---------
		544,248	408,856

Current assets

Debtors	8	341,124	677,769
Cash at bank and in hand		55,830	226,131
		---------	---------
		396,954	903,900

Creditors: amounts falling due within one year	9	( 143,740)	( 386,503)
		---------	---------
Net current assets		253,214	517,397
		---------	---------
Total assets less current liabilities		797,462	926,253

Creditors: amounts falling due after more than one year	10	–	( 20,947)

Provisions	11	( 106)	( 194)
		---------	---------
Net assets		797,356	905,112
		---------	---------

Capital and reserves

Called up share capital	12	4,130	4,130
Share premium account		26,813	26,813
Capital redemption reserve		2,625	2,625
Profit and loss account		763,788	871,544
		---------	---------
Shareholders funds		797,356	905,112
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Prophet Profiling Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 19 November 2025 , and are signed on behalf of the board by:

M A Coates

Director

Company registration number: 03665491

Prophet Profiling Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 91 Wimpole Street, London, W1G 0EF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity .

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Going concern

The directors have considered the company's position for a period of 12 months from the date of the financial statements, taking in to account events that have occurred subsequent to the year end. Following this, the directors consider that the company will continue to trade as a going concern.

Cash & cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: - the amount of revenue can be measured reliably; - it is probable that the Company will receive the consideration due under the contract; - the stage of completion of the contract at the end of the reporting period can be measured reliably; and - the costs incurred and the costs to complete the contract can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference .

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Development costs	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% straight line
Computer Equipment	-	25% straight line

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	85,813	252,968

Deferred tax:

Origination and reversal of timing differences	( 88)	( 286)
	--------	---------
Tax on profit	85,725	252,682
	--------	---------

6. Intangible assets

	Development costs
	£
Cost
At 1 April 2024	898,089
Additions	220,055
	------------
At 31 March 2025	1,118,144
	------------
Amortisation
At 1 April 2024	491,632
Charge for the year	84,293
	------------
At 31 March 2025	575,925
	------------
Carrying amount
At 31 March 2025	542,219
	------------
At 31 March 2024	406,457
	------------

7. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2024	328	10,190	10,518
Additions	–	883	883
	----	--------	--------
At 31 March 2025	328	11,073	11,401
	----	--------	--------
Depreciation
At 1 April 2024	328	7,791	8,119
Charge for the year	–	1,253	1,253
	----	--------	--------
At 31 March 2025	328	9,044	9,372
	----	--------	--------
Carrying amount
At 31 March 2025	–	2,029	2,029
	----	--------	--------
At 31 March 2024	–	2,399	2,399
	----	--------	--------

8. Debtors

	2025	2024
	£	£
Trade debtors	153,853	104,441
Prepayments and accrued income	24,782	354,401
Other debtors	162,489	218,927
	---------	---------
	341,124	677,769
	---------	---------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans	18,961	21,412
Trade creditors	2,058	59,163
Accruals and deferred income	7,500	26,330
Corporation tax	86,764	258,700
Social security and other taxes	23,996	20,236
Other creditors	4,461	662
	---------	---------
	143,740	386,503
	---------	---------

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans	–	20,947
	----	--------

The loans are secured as part of the Coronavirus Business Interruption Loan Scheme which has a 80% government-backed guarantee .

11. Provisions

	Deferred tax
	£
At 1 April 2024	194
Charge against provision	( 88)
	----
At 31 March 2025	106
	----

The deferred tax balance of £194 (2024 : £194) is made up of accelerated capital allowances of £(247) (2024 : £(281)) and pension surplus of £140 (2024 : £87).

12. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary A shares of £ 0.01 each	412,500	4,125	412,500	4,125
Ordinary C shares of £ 0.01 each	200	2	200	2
Ordinary D shares of £ 0.01 each	75	1	75	1
Ordinary E shares of £ 0.01 each	105	1	105	1
Ordinary F shares of £ 0.01 each	95	1	95	1
	---------	-------	---------	-------
	412,975	4,130	412,975	4,130
	---------	-------	---------	-------

Of the above share capital, 75,000 Ordinary "A" Shares remains unpaid at the balance sheet date

13. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	8,776	8,280
	-------	-------

14. Pension commitments

The company operates a defined contributions pension 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 by the company to the fund and amounted to £8,001 (2024 - £5,553). The amount outstanding at the balance sheet date was £1,011 (2024 - £662).

15. Events after the end of the reporting period

After the reporting period, the company re-designated it's entire issued share capital (all at £0.01 each) of 412,500 Ordinary A 1P shares, 200 Ordinary C 1P shares, 75 Ordinary A 1P shares, 105 Ordinary E 1P shares and 95 Ordinary F 1P shares into 275,275 Ordinary A1 shares of £0.01 each and 137,700 Ordinary A2 shares of £0.01 each .

16. Transactions with directors

The amount due from the directors in aggregate at the year end was £30,062 (2024 - £80,567). Interest has been charged on these loans at the HMRC approved rate of 2.5%. These loans are repayable on demand. The amount due from a shareholder at the year end was £33,416 (2024 - £39,825). Interest has been charged on this loan at the HMRC approved rate of 2.5%. This loan is repayable on demand.