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REGISTERED NUMBER: 14020253 (England and Wales)















PROFILE PLASTERING LONDON LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






PROFILE PLASTERING LONDON LTD (REGISTERED NUMBER: 14020253)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROFILE PLASTERING LONDON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr D Hayes





SECRETARY:





REGISTERED OFFICE: Hale House Unit 5
296a Green Lanes
Palmers Green
London
N13 5TP





REGISTERED NUMBER: 14020253 (England and Wales)





ACCOUNTANTS: T. PA Accountancy Services Limited
Hale House
Unit 5
296a Green Lanes
Palmers Green
London
N13 5TP

PROFILE PLASTERING LONDON LTD (REGISTERED NUMBER: 14020253)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,528 3,371
Investments 5 8,900 -
11,428 3,371

CURRENT ASSETS
Debtors 6 16,823 -
Cash at bank and in hand 59,049 48,650
75,872 48,650
CREDITORS
Amounts falling due within one year 7 22,847 16,305
NET CURRENT ASSETS 53,025 32,345
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,453

35,716

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 64,353 35,616
SHAREHOLDERS' FUNDS 64,453 35,716

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

PROFILE PLASTERING LONDON LTD (REGISTERED NUMBER: 14020253)

BALANCE SHEET - continued
30 APRIL 2024


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 20 May 2024 and were signed by:





Mr D Hayes - Director


PROFILE PLASTERING LONDON LTD (REGISTERED NUMBER: 14020253)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Profile Plastering London Ltd 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.

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
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 1 (2023 - 1 ) .

PROFILE PLASTERING LONDON LTD (REGISTERED NUMBER: 14020253)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 3,220 1,274 4,494
DEPRECIATION
At 1 May 2023 805 318 1,123
Charge for year 604 239 843
At 30 April 2024 1,409 557 1,966
NET BOOK VALUE
At 30 April 2024 1,811 717 2,528
At 30 April 2023 2,415 956 3,371

5. FIXED ASSET INVESTMENTS
Loans to
other
participating
interests
£   
New in year 8,900
At 30 April 2024 8,900

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,288 -
CIS Tax deducted 2,535 -
16,823 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax payable 13,868 12,361
Social security and other taxes 284 (116 )
VAT 6,540 767
Directors' current accounts 655 1,793
Accrued expenses 1,500 1,500
22,847 16,305

PROFILE PLASTERING LONDON LTD (REGISTERED NUMBER: 14020253)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 May 2023 35,616
Profit for the year 49,737
Dividends (21,000 )
At 30 April 2024 64,353