REGISTERED NUMBER: 08629149 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Made Profiles Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M K Derbyshire

Mrs A Derbyshire

SECRETARY:

Mrs A Derbyshire

REGISTERED OFFICE:

Unit 9B Pagefield Industrial Estate

Wigan

Lancashire

WN6 7LA

REGISTERED NUMBER:

08629149 (England and Wales)

ACCOUNTANTS:

Andrew S Parker

16 Foundry Close

Halton

Lancaster

Lancashire

LA2 6FE

FIXED ASSETS

Tangible assets

4

938,015

1,079,108

CURRENT ASSETS

Stocks

344,215

237,228

Debtors

5

1,138,439

1,030,442

Cash at bank

161,943

46,927

1,644,597

1,314,597

CREDITORS

Amounts falling due within one year

6

815,213

612,650

NET CURRENT ASSETS

829,384

701,947

TOTAL ASSETS LESS CURRENT LIABILITIES

1,767,399

1,781,055

CREDITORS

Amounts falling due after more than one year

7

(263,115

)

(370,096

)

PROVISIONS FOR LIABILITIES

(221,558

)

(256,005

)

NET ASSETS

1,282,726

1,154,954

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,282,626

1,154,854

SHAREHOLDERS' FUNDS

1,282,726

1,154,954

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 8 April 2025 and were signed on its behalf by:

M K Derbyshire - Director

1.	STATUTORY INFORMATION

Made Profiles 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Plant and machinery etc

-

33% on cost and at varying rates 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debt financing

The company factors a significant proportion of its' debts and these have been shown gross after providing for bad debts, credit protection charges and any accrued interest. Any amounts received from a factor in respect of these debts to the extent that these are not returnable have been shown as a deduction from the debts due. The company is not required to support bad debts in respect of factored debts and the factors have stated in writing that they will not seek recourse other than out of factored debts. The factored debts are fully insured with the company being responsible for the first £500 of any one claim.

The interest element of the factor's charges, are recognised as they accrue and are included in the profit and loss account with other interest charges.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

1,712,205

Additions

48,898

At 31 January 2025

1,761,103

DEPRECIATION

At 1 February 2024

633,097

Charge for year

189,991

At 31 January 2025

823,088

NET BOOK VALUE

At 31 January 2025

938,015

At 31 January 2024

1,079,108

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 February 2024

and 31 January 2025

893,590

DEPRECIATION

At 1 February 2024

122,685

Charge for year

88,609

At 31 January 2025

211,294

NET BOOK VALUE

At 31 January 2025

682,296

At 31 January 2024

770,905

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

726,559

597,665

Other debtors

411,880

432,777

1,138,439

1,030,442

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

20,000

20,000

Hire purchase contracts

86,981

104,382

Trade creditors

339,734

362,647

Taxation and social security

209,170

9,389

Other creditors

159,328

116,232

815,213

612,650

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

16,667

36,667

Hire purchase contracts

246,448

333,429

263,115

370,096

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Hire purchase contracts

333,429

437,811

The finance leases and hire purchase contracts are secured on the assets concerned.

Other loans are secured on the trade debtors.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

£

M K Derbyshire

Balance outstanding at start of year

-

-

Amounts advanced

221,869

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

221,869

-

10.	ULTIMATE CONTROLLING PARTY

The company is controlled jointly by Mr Mark Derbyshire and Mrs Andrea Derbyshire the company's directors, who hold 100% of the voting share capital.