Profit Finder Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07081381 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2019

for

PROFIT FINDER LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

H Kanabar

A Kanabar

REGISTERED OFFICE:

78 York Street

London

W1H 1DP

REGISTERED NUMBER:

07081381 (England and Wales)

ACCOUNTANTS:

Altman Blane & Company Limited

Chartered Certified Accountants

Global House

303 Ballards Lane

London

N12 8NP

FIXED ASSETS

Tangible assets

4

3,015

1,907

CURRENT ASSETS

Debtors

5

7,961

1,046

Cash at bank

13,849

28,632

21,810

29,678

CREDITORS

Amounts falling due within one year

6

12,921

15,712

NET CURRENT ASSETS

8,889

13,966

TOTAL ASSETS LESS CURRENT LIABILITIES

11,904

15,873

PROVISIONS FOR LIABILITIES

573

362

NET ASSETS

11,331

15,511

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

11,231

15,411

SHAREHOLDERS' FUNDS

11,331

15,511

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

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

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2020 and were signed on its behalf by:

H Kanabar - Director

1.	STATUTORY INFORMATION

Profit Finder Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Fixtures and fittings

-

25% 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 statement of financial position date.

Deferred tax

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

the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2019

4,376

Additions

2,113

At 31 December 2019

6,489

DEPRECIATION

At 1 January 2019

2,469

Charge for year

1,005

At 31 December 2019

3,474

NET BOOK VALUE

At 31 December 2019

3,015

At 31 December 2018

1,907

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade debtors

7,789

960

Other debtors

172

86

7,961

1,046

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Taxation and social security

11,817

14,624

Other creditors

1,104

1,088

12,921

15,712