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REGISTERED NUMBER: 03195143 (England and Wales)













Unaudited Financial Statements for the Year Ended 31 March 2024

for

Profile Industrial Roofing Services
Limited

Profile Industrial Roofing Services
Limited (Registered number: 03195143)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Profile Industrial Roofing Services
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D W Tilley
G A Tilley
A W Tilley





REGISTERED OFFICE: Unit 50 Britannia Way
Britannia Enterprise Park
Lichfield
Staffordshire
WS14 9UY





REGISTERED NUMBER: 03195143 (England and Wales)





ACCOUNTANTS: Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Profile Industrial Roofing Services
Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In accordance with your instructions we have compiled the trading profit and loss account for the period ended 31 December 2022 and the balance sheet as at 31 December 2022 from the accounting records, information, and explanations supplied to us.

We have not carried out an audit and accordingly we do not express an opinion on these accounts which do not include all the information that would be required for statutory accounts purposes under the Companies Act 2006.

We do not accept any duty of care or liability towards any persons other than the directors of Profile Industrial Roofing Limited in connection with these accounts.






Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS


22 April 2024

Profile Industrial Roofing Services
Limited (Registered number: 03195143)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 393,925 198,235

CURRENT ASSETS
Stocks 10,250 10,250
Debtors 5 511,763 937,296
Cash at bank 3,570,218 2,182,802
4,092,231 3,130,348
CREDITORS
Amounts falling due within one year 6 (2,626,729 ) (1,545,171 )
NET CURRENT ASSETS 1,465,502 1,585,177
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,859,427

1,783,412

CREDITORS
Amounts falling due after more than
one year

7

(11,667

)

(21,667

)

PROVISIONS FOR LIABILITIES (48,192 ) (17,349 )
NET ASSETS 1,799,568 1,744,396

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,798,568 1,743,396
1,799,568 1,744,396

Profile Industrial Roofing Services
Limited (Registered number: 03195143)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2024 and were signed on its behalf by:





D W Tilley - Director


Profile Industrial Roofing Services
Limited (Registered number: 03195143)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Profile Industrial Roofing Services 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 - 25% on reducing balance
Computer equipment - 20% on reducing balance

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 Profit and Loss Account, 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.

Profile Industrial Roofing Services
Limited (Registered number: 03195143)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 28 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 69,499 40,438 246,554 58,346 414,837
Additions 21,684 4,952 359,136 16,283 402,055
Disposals - - (197,410 ) - (197,410 )
At 31 March 2024 91,183 45,390 408,280 74,629 619,482
DEPRECIATION
At 1 April 2023 59,869 31,353 81,977 43,403 216,602
Charge for year 5,650 2,466 79,992 5,035 93,143
Eliminated on disposal - - (84,188 ) - (84,188 )
At 31 March 2024 65,519 33,819 77,781 48,438 225,557
NET BOOK VALUE
At 31 March 2024 25,664 11,571 330,499 26,191 393,925
At 31 March 2023 9,630 9,085 164,577 14,943 198,235

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 486,286 913,782
Other debtors 25,477 23,514
511,763 937,296

Profile Industrial Roofing Services
Limited (Registered number: 03195143)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,521,260 815,325
Amounts owed to group undertakings 127,500 -
Taxation and social security 597,329 370,079
Other creditors 370,640 349,767
2,626,729 1,545,171

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 11,667 21,667