Profile Traders Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02148771 (England and Wales)

Abbreviated Accounts for the Year Ended 30 September 2014

for

Profile Traders Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S J Plotnicki

SECRETARY:

A G Johnson

REGISTERED OFFICE:

3rd Floor

20 Bedford Street

Covent Garden

London

WC2E 9HP

REGISTERED NUMBER:

02148771 (England and Wales)

ACCOUNTANTS:

MGM Accountancy Limited

Chartered Certified Accountants

3rd Floor

20 Bedford Street

Covent Garden

London

WC2E 9HP

CURRENT ASSETS

Stocks

539,602

486,190

Debtors

37,829

38,316

Cash at bank

4,951

6,525

582,382

531,031

CREDITORS

Amounts falling due within one year

138,137

97,600

NET CURRENT ASSETS

444,245

433,431

TOTAL ASSETS LESS CURRENT LIABILITIES

444,245

433,431

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

444,243

433,429

SHAREHOLDERS' FUNDS

444,245

433,431

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 29 June 2015 and were signed by:

S J Plotnicki - 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).

The financial statements have been prepared on a going concern basis which assumes that the company will continue in

operational existence for the foreseeable future. The validity of the assumption depends upon the financial support of the

company's creditors.

Turnover

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

Stocks

Stock is valued at the lower of cost and net realisable value.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

10,661

DEPRECIATION

At 1 October 2013

and 30 September 2014

10,661

NET BOOK VALUE

At 30 September 2014

-

At 30 September 2013

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

£

2

Ordinary

£1

2

2