Building Profiles Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01309274 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

BUILDING PROFILES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J S Cheriton

REGISTERED OFFICE:

Timothy's Bridge Road

Stratford Enterprise Park

Stratford-upon-Avon

Warwickshire

CV37 9NQ

REGISTERED NUMBER:

01309274 (England and Wales)

BANKERS:

Lloyds Bank plc

22 Bridge Street

Stratford-Upon-Avon

Warwickshire

CV37 6AG

FIXED ASSETS

Tangible assets

4

-

6,235

CURRENT ASSETS

Stocks

41,175

69,562

Debtors

10,320

82,586

Cash at bank and in hand

215,080

133,293

266,575

285,441

CREDITORS

Amounts falling due within one year

36,320

118,804

NET CURRENT ASSETS

230,255

166,637

TOTAL ASSETS LESS CURRENT
LIABILITIES

230,255

172,872

CAPITAL AND RESERVES

Called up share capital

901

Share premium

78,196

Capital redemption reserve

8,788

Retained earnings

142,370

84,987

SHAREHOLDERS' FUNDS

230,255

172,872

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

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

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 December 2019 and were signed by:

J S Cheriton - Director

1.	STATUTORY INFORMATION

Building 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.

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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting

policies adopted in the preparation of the financial statements are set out below.

Turnover

Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal

course of business. Revenue is recognised in respect of service contracts when the company obtains the right to

consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings and equipment

-

15% on reducing balance and Straight line over 3 years

Motor vehicles

-

33% on cost

Investment property is included at valuation, or where in the opinion of the directors the open market value and

original cost of the property is not significantly different, at cost. No depreciation is provided on the property as

the estimated residual value of the property approximates to the carrying value and any depreciation would be

immaterial.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

In addition the company makes contributions to the personal pensions of employees. Contributions payable for

the year are charged in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2018

408,106

Disposals

(401,306

)

At 31 March 2019

6,800

DEPRECIATION

At 1 April 2018

401,871

Charge for year

2,267

Eliminated on disposal

(397,338

)

At 31 March 2019

6,800

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

6,235

5.	PENSION COMMITMENTS

At the balance sheet date there were outstanding pension contributions of £199 (2018 : £386). This amount is

included within other creditors.

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2019 and

31 March 2018:

2019

2018

£

J S Cheriton

Balance outstanding at start of year

7,178

-

Amounts advanced

-

7,178

Amounts repaid

(8,816

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(1,638

)

7,178

7.	CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in

respect of the financial and operating policies of the company.

Building Profiles Limited - Accounts to registrar (filleted) - small 18.2

Building Profiles Limited - Accounts to registrar (filleted) - small 18.2