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REGISTERED NUMBER: 01302168 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 January 2023

for

Shaperite Profiles Limited

Shaperite Profiles Limited (Registered number: 01302168)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Shaperite Profiles Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: R E Utting





SECRETARY: R Gibbons





REGISTERED OFFICE: Unit J14
Dudley Central Trading Estate
Dudley
West Midlands
DY2 8QX





REGISTERED NUMBER: 01302168 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Shaperite Profiles Limited (Registered number: 01302168)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,689 48

CURRENT ASSETS
Stocks 7,500 7,500
Debtors 5 400,096 283,403
Cash at bank 158,456 133,790
566,052 424,693
CREDITORS
Amounts falling due within one year 6 194,082 212,848
NET CURRENT ASSETS 371,970 211,845
TOTAL ASSETS LESS CURRENT
LIABILITIES

391,659

211,893

CAPITAL AND RESERVES
Called up share capital 2,550 2,550
Retained earnings 389,109 209,343
SHAREHOLDERS' FUNDS 391,659 211,893

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 4 December 2023 and were signed by:





R E Utting - Director


Shaperite Profiles Limited (Registered number: 01302168)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Shaperite Profiles 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Shaperite Profiles Limited (Registered number: 01302168)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2022 89,240 8,445 3,450 101,135
Additions 24,562 - - 24,562
At 31 January 2023 113,802 8,445 3,450 125,697
DEPRECIATION
At 1 February 2022 89,240 8,397 3,450 101,087
Charge for year 4,912 9 - 4,921
At 31 January 2023 94,152 8,406 3,450 106,008
NET BOOK VALUE
At 31 January 2023 19,650 39 - 19,689
At 31 January 2022 - 48 - 48

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 235,108 59,519
Other debtors 164,988 223,884
400,096 283,403

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 122,698 166,450
Amounts owed to group undertakings 26,738 25,448
Taxation and social security 43,845 20,149
Other creditors 801 801
194,082 212,848

7. RELATED PARTY DISCLOSURES

At the year end there was a balance due to the director of £16 (2022: £16).

At the year end there was a balance due from Asset Engineering (2007) Ltd, a company controlled by the directors son, of £164,988 (2022: £223,884).

At the year end there was a balance due to the holding company of £26,738 (2022: £25,448).