Profire Services Limited - Accounts to registrar (filleted) - small 18.2

Profire Services Limited - Accounts to registrar (filleted) - small 18.2

PROFIRE SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 08858154 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2019

FOR

PROFIRE SERVICES LIMITED
PROFIRE SERVICES LIMITED (REGISTERED NUMBER: 08858154)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROFIRE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2019







DIRECTOR: S W Fensome





REGISTERED OFFICE: 53 Roach Avenue
Rayleigh
Essex
SS6 7SZ





REGISTERED NUMBER: 08858154 (England and Wales)





ACCOUNTANTS: Abbey Stevens Limited
5 Forest House
186 Forest Road
Loughton
Essex
IG10 1EG
Page 1
PROFIRE SERVICES LIMITED (REGISTERED NUMBER: 08858154)

BALANCE SHEET
31 JANUARY 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,134 4,680

CURRENT ASSETS
Debtors 5 33,836 18,024
Cash at bank and in hand 17,143 3,920
50,979 21,944
CREDITORS
Amounts falling due within one year 6 22,192 13,104
NET CURRENT ASSETS 28,787 8,840
TOTAL ASSETS LESS CURRENT
LIABILITIES
33,921
13,520

CREDITORS
Amounts falling due after more than one
year
7
25,018
-
NET ASSETS 8,903 13,520

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,803 13,420
SHAREHOLDERS' FUNDS 8,903 13,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
PROFIRE SERVICES LIMITED (REGISTERED NUMBER: 08858154)

BALANCE SHEET - continued
31 JANUARY 2019


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 4 February 2019 and were signed by:





S W Fensome - Director


The notes form part of these financial statements

Page 3
PROFIRE SERVICES LIMITED (REGISTERED NUMBER: 08858154)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019

1. STATUTORY INFORMATION

Profire Services 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.
Plant and machinery etc - 33% on cost and 20% on reducing balance

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

Page 4 continued...
PROFIRE SERVICES LIMITED (REGISTERED NUMBER: 08858154)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2019

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2018 9,418
Additions 2,337
At 31 January 2019 11,755
DEPRECIATION
At 1 February 2018 4,738
Charge for year 1,883
At 31 January 2019 6,621
NET BOOK VALUE
At 31 January 2019 5,134
At 31 January 2018 4,680

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 20,108 18,024
Other debtors 13,728 -
33,836 18,024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 5,872 -
Trade creditors 6,273 2,300
Taxation and social security 10,047 10,563
Other creditors - 241
22,192 13,104

Page 5 continued...
PROFIRE SERVICES LIMITED (REGISTERED NUMBER: 08858154)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2019

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2019 2018
£    £   
Bank loans 25,018 -

Page 6