High Profile Limited - Period Ending 2014-06-30

Registration number: 02833627

High Profile Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2014
 

King & Taylor Limited
4th Floor, Joynes House
New Road
Gravesend
Kent
DA11 0AT

High Profile Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Management Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
High Profile Limited
for the Year Ended 30 June 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of High Profile Limited for the year ended 30 June 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the The Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at www.cimaglobal.co.uk.

This report is made solely to the Board of Directors of High Profile Limited , as a body, in accordance with the terms of our engagement letter dated 19 February 2010 . Our work has been undertaken solely to prepare for your approval the accounts of High Profile Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with The Chartered Institute of Management Accountants as detailed at www.cimaglobal.com . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than High Profile Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that High Profile Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of High Profile Limited. You consider that High Profile Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of High Profile Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

King & Taylor Limited
4th Floor, Joynes House
New Road
Gravesend
Kent
DA11 0AT

30 March 2015

Page 1

High Profile Limited
(Registration number: 02833627)
Abbreviated Balance Sheet at 30 June 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					16,853			21,174
Current assets
Stocks					1,330			466
Debtors					40,712			31,670
Cash at bank and in hand					18,852			21,150
					60,894			53,286
Creditors: Amounts falling due within one year					(24,387)			(21,575)
Net current assets					36,507			31,711
Net assets					53,360			52,885
Capital and reserves
Called up share capital		3			200			200
Profit and loss account					53,160			52,685
Shareholders' funds					53,360			52,885

For the year ending 30 June 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 30 March 2015 and signed on its behalf by:

.........................................
Mr P A Scutts
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

High Profile Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance basis
Fixtures, fittings and equipment	25% reducing balance basis

Work in progress

Work in progress is valued at the lower of cost and net realisable value. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred taxation is provided on the liability method to take account of the timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. The company has not adopted the policy of discounting deferred tax assets and liabilities.

Page 3

High Profile Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2013		170,510			170,510
Additions		3,038			3,038
At 30 June 2014		173,548			173,548
Depreciation
At 1 July 2013		149,336			149,336
Charge for the year		7,359			7,359
At 30 June 2014		156,695			156,695
Net book value
At 30 June 2014		16,853			16,853
At 30 June 2013		21,174			21,174

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary A shares of £1 each		100			100			100			100
Ordinary B shares of £1 each		100			100			100			100
		200			200			200			200

Page 4