Profile Display Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07953900 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

FOR

PROFILE DISPLAY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

K Fraser

SECRETARY:

K Fraser

REGISTERED OFFICE:

Unit 15A

Trading Estate Road

Willesden

London

NW10 7LU

REGISTERED NUMBER:

07953900 (England and Wales)

ACCOUNTANTS:

Godfrey, Anderson & Co

6 Latchmoor Way

Gerrards Cross

Buckinghamshire

SL9 8LP

FIXED ASSETS

Tangible assets

2

1,642

-

CURRENT ASSETS

Stocks

7,800

7,200

Debtors

8,169

714

Cash at bank and in hand

4,766

1,648

20,735

9,562

CREDITORS

Amounts falling due within one year

22,616

4,320

NET CURRENT (LIABILITIES)/ASSETS

(1,881

)

5,242

TOTAL ASSETS LESS CURRENT LIABILITIES

(239

)

5,242

CAPITAL AND RESERVES

Called up share capital

3

500

500

Profit and loss account

(739

)

4,742

SHAREHOLDERS' FUNDS

(239

)

5,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 24 February 2015 and were signed by:

K Fraser - 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.

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

2,450

At 30 April 2014

2,450

DEPRECIATION

Charge for year

808

At 30 April 2014

808

NET BOOK VALUE

At 30 April 2014

1,642

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

500

Ordinary

£1.00

500

500