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REGISTERED NUMBER: 10028636 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

PROFESSIONAL FABRIC DYES LIMITED

PROFESSIONAL FABRIC DYES LIMITED (REGISTERED NUMBER: 10028636)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PROFESSIONAL FABRIC DYES LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2022







DIRECTOR: R Searle





REGISTERED OFFICE: 2 Park Court
Pyrford Road
West Byfleet
Surrey
KT14 6SD





REGISTERED NUMBER: 10028636 (England and Wales)





ACCOUNTANTS: Pesters
2 Park Court
Pyrford Road
West Byfleet
Surrey
KT14 6SD

PROFESSIONAL FABRIC DYES LIMITED (REGISTERED NUMBER: 10028636)

STATEMENT OF FINANCIAL POSITION
28 February 2022

28.2.22 28.2.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 24,386 27,661
Tangible assets 5 201 748
24,587 28,409

CURRENT ASSETS
Stocks 45,758 39,619
Debtors 6 49,472 34,811
Cash at bank 12,988 95,970
108,218 170,400
CREDITORS
Amounts falling due within one year 7 68,437 132,321
NET CURRENT ASSETS 39,781 38,079
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,368

66,488

CREDITORS
Amounts falling due after more than one
year

8

-

43,333
NET ASSETS 64,368 23,155

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 64,268 23,055
SHAREHOLDERS' FUNDS 64,368 23,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 August 2022 and were signed by:



R Searle - Director


PROFESSIONAL FABRIC DYES LIMITED (REGISTERED NUMBER: 10028636)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2022


1. STATUTORY INFORMATION

Professional Fabric Dyes 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on cost and 25% on cost

Government grants
During the accounting period, the company received £313 in interest paid by the government on a Bounce Back Loan.

This grant has been recognised under other operating income.

The company is not aware on any unfulfilled conditions or other contingencies attached to this grants and has not received any other form of government assistance during the financial period.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

PROFESSIONAL FABRIC DYES LIMITED (REGISTERED NUMBER: 10028636)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2022


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2021
and 28 February 2022 32,749
AMORTISATION
At 1 March 2021 5,088
Charge for year 3,275
At 28 February 2022 8,363
NET BOOK VALUE
At 28 February 2022 24,386
At 28 February 2021 27,661

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2021
and 28 February 2022 1,979
DEPRECIATION
At 1 March 2021 1,231
Charge for year 547
At 28 February 2022 1,778
NET BOOK VALUE
At 28 February 2022 201
At 28 February 2021 748

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Trade debtors 45,516 33,424
Other debtors 3,956 1,387
49,472 34,811

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Trade creditors 14,945 685
Taxation and social security 15,003 7,597
Other creditors 38,489 124,039
68,437 132,321

PROFESSIONAL FABRIC DYES LIMITED (REGISTERED NUMBER: 10028636)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2022


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.22 28.2.21
£    £   
Other creditors - 43,333

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
28.2.22 28.2.21
£    £   
Within one year 3,635 6,231
Between one and five years - 3,635
3,635 9,866

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end, the Company owed the Director the sum of £14,868 (2021 - £90,188). Interest was not charged in the year (2021 - £1,357) and the loan is repayable on demand.