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REGISTERED NUMBER: 10559088 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

PROFILE WINES LIMITED

PROFILE WINES LIMITED (REGISTERED NUMBER: 10559088)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


PROFILE WINES LIMITED (REGISTERED NUMBER: 10559088)

ABRIDGED BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,043 467

CURRENT ASSETS
Stocks - 500
Debtors 13,407 18,980
Cash at bank 295 590
13,702 20,070
CREDITORS
Amounts falling due within one year 16,086 13,091
NET CURRENT (LIABILITIES)/ASSETS (2,384 ) 6,979
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,341

)

7,446

CREDITORS
Amounts falling due after more than one
year

4,625

6,475
NET (LIABILITIES)/ASSETS (5,966 ) 971

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (5,968 ) 969
SHAREHOLDERS' FUNDS (5,966 ) 971

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 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.

PROFILE WINES LIMITED (REGISTERED NUMBER: 10559088)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2023


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 Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:




Mr J F Bowles - Director



Ms E J Richmond - Director


PROFILE WINES LIMITED (REGISTERED NUMBER: 10559088)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Profile Wines Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10559088

Registered office: Spitfire House
19 Falcon Court
Preston Farm Ind. Est.
Stockton-on-Tees
TS18 3TU

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.
Computer equipment - 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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

PROFILE WINES LIMITED (REGISTERED NUMBER: 10559088)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


4. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 February 2022 3,024
Additions 999
At 31 January 2023 4,023
DEPRECIATION
At 1 February 2022 2,557
Charge for year 423
At 31 January 2023 2,980
NET BOOK VALUE
At 31 January 2023 1,043
At 31 January 2022 467

5. RELATED PARTY DISCLOSURES

The company made a loan to EJR Inns Limited, a company in which Mr J F Bowles and Ms E J Richmond are directors and shareholders. The balance of £6,500 was written off during the year as an exceptional item.

6. ULTIMATE CONTROLLING PARTY

The company is controlled by the Directors on behalf of the shareholders.