Profile Carpentry Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08087569 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

FOR

PROFILE CARPENTRY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

L Fosh

REGISTERED OFFICE:

9 Beaumont Gate

Shenley Hill

Radlett

Hertfordshire

WD7 7AR

REGISTERED NUMBER:

08087569 (England and Wales)

ACCOUNTANTS:

Daniel Wolfson & Co Ltd

Chartered Accountants

9 Beaumont Gate

Shenley Hill

Radlett

Hertfordshire

WD7 7AR

FIXED ASSETS

Intangible assets

2

3,500

7,000

Tangible assets

3

4,795

7,002

8,295

14,002

CURRENT ASSETS

Debtors

33,422

2,480

Cash at bank

26,145

-

59,567

2,480

CREDITORS

Amounts falling due within one year

32,758

22,805

NET CURRENT ASSETS/(LIABILITIES)

26,809

(20,325

)

TOTAL ASSETS LESS CURRENT LIABILITIES

35,104

(6,323

)

CREDITORS

Amounts falling due after more than one year

35,000

-

NET ASSETS/(LIABILITIES)

104

(6,323

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

4

(6,423

)

SHAREHOLDERS' FUNDS

104

(6,323

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26 January 2015 and were signed by:

L Fosh - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of three years.

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

-

33% on cost

Motor vehicles

-

25% on reducing balance

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

10,500

AMORTISATION

At 1 June 2013

3,500

Amortisation for year

3,500

At 31 May 2014

7,000

NET BOOK VALUE

At 31 May 2014

3,500

At 31 May 2013

7,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

9,641

DEPRECIATION

At 1 June 2013

2,639

Charge for year

2,207

At 31 May 2014

4,846

NET BOOK VALUE

At 31 May 2014

4,795

At 31 May 2013

7,002

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

as restated

£

£

100

Ordinary

£1

100

100