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REGISTERED NUMBER: 03496453















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

PROFESSIONAL TRADERS LIMITED

PROFESSIONAL TRADERS LIMITED (REGISTERED NUMBER: 03496453)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROFESSIONAL TRADERS LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTORS: L. Kemp
S N V Kemp
Mr T Kemp





SECRETARY: L. Kemp





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





REGISTERED NUMBER: 03496453





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

PROFESSIONAL TRADERS LIMITED (REGISTERED NUMBER: 03496453)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 1,240 276
Investments 6 1,300 1,300
2,541 1,577

CURRENT ASSETS
Stocks 582,822 620,813
Debtors 7 1,451,859 1,345,645
Cash at bank and in hand 30,722 560
2,065,403 1,967,018
CREDITORS
Amounts falling due within one year 8 755,191 665,047
NET CURRENT ASSETS 1,310,212 1,301,971
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,312,753

1,303,548

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,312,653 1,303,448
SHAREHOLDERS' FUNDS 1,312,753 1,303,548

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

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

PROFESSIONAL TRADERS LIMITED (REGISTERED NUMBER: 03496453)

BALANCE SHEET - continued
31 January 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 Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





Mr S N V Kemp - Director


PROFESSIONAL TRADERS LIMITED (REGISTERED NUMBER: 03496453)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

PROFESSIONAL TRADERS LIMITED is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% 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.

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.

Investment
Investments held as fixed assets are shown at the directors estimate of current market value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

PROFESSIONAL TRADERS LIMITED (REGISTERED NUMBER: 03496453)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 25,000
AMORTISATION
At 1 February 2023
and 31 January 2024 24,999
NET BOOK VALUE
At 31 January 2024 1
At 31 January 2023 1

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 222,959
Additions 1,648
At 31 January 2024 224,607
DEPRECIATION
At 1 February 2023 222,683
Charge for year 684
At 31 January 2024 223,367
NET BOOK VALUE
At 31 January 2024 1,240
At 31 January 2023 276

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023
and 31 January 2024 1,300
NET BOOK VALUE
At 31 January 2024 1,300
At 31 January 2023 1,300

Unlisted investments consist of shares held in various building merchants buying groups.

PROFESSIONAL TRADERS LIMITED (REGISTERED NUMBER: 03496453)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,165,652 1,249,588
Other debtors 286,207 96,057
1,451,859 1,345,645

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 91,779 88,277
Trade creditors 74,059 40,604
Taxation and social security 21,589 28,357
Other creditors 567,764 507,809
755,191 665,047

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 91,779 88,277

The company's overdraft facility is secured by a fixed charge over the company's assets and also by a personal guarantee given by the directors.






10. RELATED PARTY DISCLOSURES

The company is related to Professional Refurbishment Co. Limited by virtue of both companies having a common board of directors /shareholders relationship.

11. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party.