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 2020

for

Profit Finder Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

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

2,262

3,015

CURRENT ASSETS

Debtors

5

2,181

7,961

Cash at bank

29,053

13,849

31,234

21,810

CREDITORS

Amounts falling due within one year

6

14,881

12,921

NET CURRENT ASSETS

16,353

8,889

TOTAL ASSETS LESS CURRENT LIABILITIES

18,615

11,904

PROVISIONS FOR LIABILITIES

430

573

NET ASSETS

18,185

11,331

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

18,085

11,231

SHAREHOLDERS' FUNDS

18,185

11,331

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 13 September 2021 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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2020

and 31 December 2020

6,489

DEPRECIATION

At 1 January 2020

3,474

Charge for year

753

At 31 December 2020

4,227

NET BOOK VALUE

At 31 December 2020

2,262

At 31 December 2019

3,015

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade debtors

1,464

7,789

Other debtors

717

172

2,181

7,961

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Taxation and social security

13,696

11,817

Other creditors

1,185

1,104

14,881

12,921