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REGISTERED NUMBER: 09697412 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2022

for

Profile Interiors Limited

Profile Interiors Limited (Registered number: 09697412)






Contents of the Financial Statements
for the Year Ended 31 July 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Profile Interiors Limited

Company Information
for the Year Ended 31 July 2022







DIRECTORS: Mr G Black
Ms S Oliver





REGISTERED OFFICE: 54-56 Ormskirk Street
ST HELENS
Merseyside
WA10 2TF





REGISTERED NUMBER: 09697412 (England and Wales)





ACCOUNTANTS: GR Taylor & Co Accountants
54-56 Ormskirk Street
ST HELENS
Merseyside
WA10 2TF

Profile Interiors Limited (Registered number: 09697412)

Abridged Balance Sheet
31 July 2022

31.7.22 31.7.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 27,000 36,000
Tangible assets 5 308,915 322,013
335,915 358,013

CURRENT ASSETS
Debtors 15,375 33,593
Cash at bank 86,104 89,950
101,479 123,543
CREDITORS
Amounts falling due within one year 99,259 81,497
NET CURRENT ASSETS 2,220 42,046
TOTAL ASSETS LESS CURRENT
LIABILITIES

338,135

400,059

CREDITORS
Amounts falling due after more than one
year

142,034

165,421
NET ASSETS 196,101 234,638

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 196,099 234,636
SHAREHOLDERS' FUNDS 196,101 234,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

Profile Interiors Limited (Registered number: 09697412)

Abridged Balance Sheet - continued
31 July 2022



The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by:





Mr G Black - Director


Profile Interiors Limited (Registered number: 09697412)

Notes to the Financial Statements
for the Year Ended 31 July 2022

1. STATUTORY INFORMATION

Profile Interiors 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Showroom and display - 25% on reducing balance

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 3 (2021 - 3 ) .

Profile Interiors Limited (Registered number: 09697412)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2021
and 31 July 2022 90,000
AMORTISATION
At 1 August 2021 54,000
Amortisation for year 9,000
At 31 July 2022 63,000
NET BOOK VALUE

At 31 July 2022 27,000
At 31 July 2021 36,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2021
and 31 July 2022 414,450
DEPRECIATION
At 1 August 2021 92,437
Charge for year 13,098
At 31 July 2022 105,535
NET BOOK VALUE
At 31 July 2022 308,915
At 31 July 2021 322,013