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Company No: 06914409 (England and Wales)

HIGH PROFILE SERVICES (UK) LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

HIGH PROFILE SERVICES (UK) LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

HIGH PROFILE SERVICES (UK) LIMITED

BALANCE SHEET

As at 31 July 2024
HIGH PROFILE SERVICES (UK) LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 50,023 50,845
50,023 50,845
Current assets
Stocks 4 19,614 19,614
Debtors 5 395,953 408,494
Cash at bank and in hand 26,698 7,107
442,265 435,215
Creditors: amounts falling due within one year 6 ( 242,294) ( 257,633)
Net current assets 199,971 177,582
Total assets less current liabilities 249,994 228,427
Creditors: amounts falling due after more than one year 7 ( 30,000) ( 60,000)
Net assets 219,994 168,427
Capital and reserves
Called-up share capital 100 100
Profit and loss account 219,894 168,327
Total shareholders' funds 219,994 168,427

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of High Profile Services (UK) Limited (registered number: 06914409) were approved and authorised for issue by the Director on 25 April 2025. They were signed on its behalf by:

N Armstrong
Director
HIGH PROFILE SERVICES (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
HIGH PROFILE SERVICES (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

High Profile Services (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line, reducing balance basis over its expected useful life, as follows:

Plant and machinery 4 years straight line
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 3 3

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 August 2023 31,310 77,261 12,229 8,080 128,880
Additions 0 0 0 3,422 3,422
At 31 July 2024 31,310 77,261 12,229 11,502 132,302
Accumulated depreciation
At 01 August 2023 30,497 34,669 10,982 1,887 78,035
Charge for the financial year 241 1,624 312 2,067 4,244
At 31 July 2024 30,738 36,293 11,294 3,954 82,279
Net book value
At 31 July 2024 572 40,968 935 7,548 50,023
At 31 July 2023 813 42,592 1,247 6,193 50,845

4. Stocks

2024 2023
£ £
Stocks 19,614 19,614

5. Debtors

2024 2023
£ £
Trade debtors 0 850
Corporation tax 0 2,793
Other debtors 395,953 404,851
395,953 408,494

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 30,000 30,000
Trade creditors 77,953 171,734
Taxation and social security 12,072 13,774
Other creditors 122,269 42,125
242,294 257,633

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 30,000 60,000