PROFILE_RETAIL_INTERIOR_A - Accounts


Company registration number 02315775 (England and Wales)
PROFILE RETAIL INTERIOR AND GRAPHIC DESIGN LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PROFILE RETAIL INTERIOR AND GRAPHIC DESIGN LTD
COMPANY INFORMATION
Directors
Ms J Hounslow
Mr P S Crossley
Company number
02315775
Registered office
12 Goldings Lane
Waterford
Herts
United Kingdom
SG14 2PT
Accountants
David Howard
1 Park Road
Hampton Wick
Kingston Upon Thames
KT1 4AS
PROFILE RETAIL INTERIOR AND GRAPHIC DESIGN LTD
CONTENTS
Page
Accountants' report
1
Profit and loss account
2
Balance sheet and notes to the financial statements
3 - 4
PROFILE RETAIL INTERIOR AND GRAPHIC DESIGN LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PROFILE RETAIL INTERIOR AND GRAPHIC DESIGN LTD FOR THE YEAR ENDED 31 MARCH 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Profile Retail Interior and Graphic Design Ltd for the year ended 31 March 2023, which comprise the profit and loss account and the balance sheet, from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Profile Retail Interior and Graphic Design Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Profile Retail Interior and Graphic Design Ltd and state those matters that we have agreed to state to the board of directors of Profile Retail Interior and Graphic Design Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Profile Retail Interior and Graphic Design Ltd and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Profile Retail Interior and Graphic Design Ltd has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that Profile Retail Interior and Graphic Design Ltd 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 financial statements of Profile Retail Interior and Graphic Design Ltd. 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 financial statements.

David Howard
5 December 2023
Chartered Accountants
1 Park Road
Hampton Wick
Kingston Upon Thames
KT1 4AS
PROFILE RETAIL INTERIOR AND GRAPHIC DESIGN LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
2023
2022
£
£
Turnover
22,131
4,646
Other income
3
4,275
Staff costs
(11,436)
(15,000)
Depreciation and other amounts written off assets
(72)
(167)
Other charges
(8,308)
(5,932)
Profit/(loss)
2,318
(12,178)
PROFILE RETAIL INTERIOR AND GRAPHIC DESIGN LTD
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 3 -
2023
2022
£
£
£
£
Fixed assets
429
502
Current assets
9,981
3,674
Creditors: amounts falling due within one year
(27,723)
(23,807)
Net current liabilities
(17,742)
(20,133)
Total assets less current liabilities
(17,313)
(19,631)
Net liabilities
(17,313)
(19,631)
Capital and reserves
(17,313)
(19,631)
Notes to the financial statements
1
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2023
2022
Number
Number
Employees
2
2

Profile Retail Interior and Graphic Design Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 12 Goldings Lane, Waterford, Herts, United Kingdom, SG14 2PT.

For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and the provisions applicable to companies subject to the small companies regime.

PROFILE RETAIL INTERIOR AND GRAPHIC DESIGN LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023
31 March 2023
- 4 -
The financial statements were approved by the board of directors and authorised for issue on 5 December 2023 and are signed on its behalf by:
Ms J Hounslow
Director
Company registration number 02315775 (England and Wales)
PROFILE RETAIL INTERIOR AND GRAPHIC DESIGN LTD
TANGIBLE ASSETS
FOR THE YEAR ENDED 31 MARCH 2023
Description
2023
2022
£
£
Fixtures and fittings
429
502
429
502
PROFILE RETAIL INTERIOR AND GRAPHIC DESIGN LTD
DEBTORS DUE WITHIN 1 YEAR
FOR THE YEAR ENDED 31 MARCH 2023
Description
2023
2022
£
£
Trade debtors
2,280
448
2,280
448
PROFILE RETAIL INTERIOR AND GRAPHIC DESIGN LTD
CREDITORS DUE WITHIN 1 YEAR
FOR THE YEAR ENDED 31 MARCH 2023
Description
2023
2022
£
£
Other loans
21,881
21,576
Trade creditors
2,173
-
Taxation and social security
1,437
14
Other creditors
1,507
1,507
Accruals and deferred income
725
710
27,723
23,807
PROFILE RETAIL INTERIOR AND GRAPHIC DESIGN LTD
CAPITAL AND RESERVES
FOR THE YEAR ENDED 31 MARCH 2023
Profit and Loss Account
2023
2022
£
£
Balance at the beginning of the year
(20,631)
598
Profit/(loss) for the year
2,318
(12,178)
Balance at the end of the year
(18,313)
(20,631)
Capital and Reserves
2023
2022
£
£
Called up share capital
1,000
1,000
Profit and loss reserves
(18,313)
(20,631)
(17,313)
(19,631)
PROFILE RETAIL INTERIOR AND GRAPHIC DESIGN LTD
SCHEDULES TO THE PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
£
£
Administrative expenses
Social security costs
436
-
Staff welfare
1,051
1,060
Staff pension costs
3,000
3,000
Directors' remuneration
8,000
12,000
Use of Home
345
312
Premises insurance
148
168
Repairs & Maintenance
410
360
Computer running costs
1,499
1,562
Legal and professional fees
108
178
Accountancy
604
661
Charitable donations
120
120
Bank charges
102
122
Printing and stationery
3,309
547
Advertising
15
152
Telecommunications
597
634
Sundry expenses
-
56
Depreciation
72
167
19,816
21,099
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