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REGISTERED NUMBER: 09731046 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

PROFESSIONAL TRADERS (2015) LIMITED

PROFESSIONAL TRADERS (2015) LIMITED (REGISTERED NUMBER: 09731046)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROFESSIONAL TRADERS (2015) LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTORS: S J East
T Kemp
T J Scott





SECRETARY:





REGISTERED OFFICE: 222 Upper Richmond Road West
London
SW14 8AH





REGISTERED NUMBER: 09731046 (England and Wales)





ACCOUNTANTS: K S Goring & Co Chartered Accountants
222 Upper Richmond Road West
London
SW14 8AH

PROFESSIONAL TRADERS (2015) LIMITED (REGISTERED NUMBER: 09731046)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 174,608 51,060

CURRENT ASSETS
Stocks 941,160 1,140,287
Debtors 5 456,956 440,823
Prepayments and accrued income 50,800 41,853
Cash at bank and in hand 846,788 483,944
2,295,704 2,106,907
CREDITORS
Amounts falling due within one year 6 935,313 760,577
NET CURRENT ASSETS 1,360,391 1,346,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,534,999

1,397,390

CREDITORS
Amounts falling due after more than one
year

7

46,681

-
NET ASSETS 1,488,318 1,397,390

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,488,218 1,397,290
SHAREHOLDERS' FUNDS 10 1,488,318 1,397,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

PROFESSIONAL TRADERS (2015) LIMITED (REGISTERED NUMBER: 09731046)

BALANCE SHEET - continued
31 July 2023


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 Board of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by:




S J East - Director



T Kemp - Director


PROFESSIONAL TRADERS (2015) LIMITED (REGISTERED NUMBER: 09731046)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Professional Traders (2015) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - Over the duration of the lease
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33.33% on cost

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

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

PROFESSIONAL TRADERS (2015) LIMITED (REGISTERED NUMBER: 09731046)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Pension costs
The company's workplace pension scheme for its employees is provided through automatic enrolment pension scheme in line with Government legislation.
Under the terms of this scheme, employees make pension contributions out of their salaries, and the company also makes additional contributions.
Contributions payable for the year are charged to the profit and loss account in the period to which they relate. Staff contribution are charged to wages and salaries and company contribution are charged to pension cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 27 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 176,689 361,261 30,600 13,496 582,046
Additions 37,399 184,500 - - 221,899
Disposals - (51,663 ) - - (51,663 )
At 31 July 2023 214,088 494,098 30,600 13,496 752,282
DEPRECIATION
At 1 August 2022 165,296 330,762 21,433 13,495 530,986
Charge for year 30,092 61,050 4,584 - 95,726
Eliminated on disposal - (49,038 ) - - (49,038 )
At 31 July 2023 195,388 342,774 26,017 13,495 577,674
NET BOOK VALUE
At 31 July 2023 18,700 151,324 4,583 1 174,608
At 31 July 2022 11,393 30,499 9,167 1 51,060

PROFESSIONAL TRADERS (2015) LIMITED (REGISTERED NUMBER: 09731046)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 August 2022 133,200
Additions 113,665
Transfer to ownership (19,200 )
At 31 July 2023 227,665
DEPRECIATION
At 1 August 2022 132,930
Charge for year 28,686
Transfer to ownership (19,200 )
At 31 July 2023 142,416
NET BOOK VALUE
At 31 July 2023 85,249
At 31 July 2022 270

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 394,854 361,583
Other debtors 62,102 79,240
456,956 440,823

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 11,367 2,970
Trade creditors 797,847 600,743
Taxation and social security 114,198 87,812
Other creditors 11,901 69,052
935,313 760,577

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 46,681 -

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £118,000 were paid to the directors .

PROFESSIONAL TRADERS (2015) LIMITED (REGISTERED NUMBER: 09731046)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

9. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party.

10. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
2023 2022
£    £   
Profit for the financial year 276,928 252,960
Dividends (186,000 ) -
90,928 252,960
Opening shareholders' funds - 1,144,430
Net addition to shareholders' funds 90,928 1,397,390
Opening shareholders' funds 1,397,390 -
Closing shareholders' funds 1,488,318 1,397,390