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REGISTERED NUMBER: 09731046 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

PROFESSIONAL TRADERS (2015) LIMITED

PROFESSIONAL TRADERS (2015) LIMITED (REGISTERED NUMBER: 09731046)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROFESSIONAL TRADERS (2015) LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: S J East
T Kemp
T J Scott





SECRETARY:





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





REGISTERED NUMBER: 09731046 (England and Wales)





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

PROFESSIONAL TRADERS (2015) LIMITED (REGISTERED NUMBER: 09731046)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 131,946 174,608

CURRENT ASSETS
Stocks 653,567 941,160
Debtors 5 410,049 456,956
Prepayments and accrued income 10,080 50,800
Cash at bank and in hand 752,206 846,788
1,825,902 2,295,704
CREDITORS
Amounts falling due within one year 6 669,360 935,313
NET CURRENT ASSETS 1,156,542 1,360,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,288,488

1,534,999

CREDITORS
Amounts falling due after more than one
year

7

34,079

46,681
NET ASSETS 1,254,409 1,488,318

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,254,309 1,488,218
SHAREHOLDERS' FUNDS 10 1,254,409 1,488,318

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 (2015) LIMITED (REGISTERED NUMBER: 09731046)

BALANCE SHEET - continued
31 July 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 14 April 2025 and were signed on its behalf by:




S J East - Director



T Kemp - Director


PROFESSIONAL TRADERS (2015) LIMITED (REGISTERED NUMBER: 09731046)

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

1. STATUTORY INFORMATION

Professional Traders (2015) 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - Over the duration of the lease
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33.33% 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 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

PROFESSIONAL TRADERS (2015) LIMITED (REGISTERED NUMBER: 09731046)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 214,088 494,098 30,600 13,496 752,282
Additions 11,290 26,980 11,890 - 50,160
Disposals - (19,200 ) - - (19,200 )
At 31 July 2024 225,378 501,878 42,490 13,496 783,242
DEPRECIATION
At 1 August 2023 195,388 342,774 26,017 13,495 577,674
Charge for year 24,845 60,421 7,556 - 92,822
Eliminated on disposal - (19,200 ) - - (19,200 )
At 31 July 2024 220,233 383,995 33,573 13,495 651,296
NET BOOK VALUE
At 31 July 2024 5,145 117,883 8,917 1 131,946
At 31 July 2023 18,700 151,324 4,583 1 174,608

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 August 2023
and 31 July 2024 227,665
DEPRECIATION
At 1 August 2023
and 31 July 2024 142,416
NET BOOK VALUE
At 31 July 2024 85,249
At 31 July 2023 85,249

PROFESSIONAL TRADERS (2015) LIMITED (REGISTERED NUMBER: 09731046)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 346,510 394,854
Other debtors 63,539 62,102
410,049 456,956

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 11,367 11,367
Trade creditors 359,718 797,847
Taxation and social security 123,275 114,198
Other creditors 175,000 11,901
669,360 935,313

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 34,079 46,681

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £186,000 (2023 - £118,000) were paid to the directors .

9. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party.

10. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
2024 2023
£    £   
Profit for the financial year 76,091 276,928
Dividends (310,000 ) (186,000 )
(233,909 ) 90,928
Opening shareholders' funds - 1,397,390
Net (reduction)/addition to shareholders' funds (233,909 ) 1,488,318
Opening shareholders' funds 1,488,318 -
Closing shareholders' funds 1,254,409 1,488,318