Company Registration No. 06102805 (England and Wales)
PROFILE ARCHES LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
PROFILE ARCHES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
PROFILE ARCHES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
8,488
11,806
Current assets
Stocks
16,300
18,135
Debtors
69,777
77,487
Cash at bank and in hand
36,347
24,831
122,424
120,453
Creditors: amounts falling due within one year
(76,733)
(68,955)
Net current assets
45,691
51,498
Total assets less current liabilities
54,179
63,304
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
54,079
63,204
Shareholders' funds
54,179
63,304
PROFILE ARCHES LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2015
31 March 2015
- 2 -
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
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;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 24 December 2015
Mr M Mulford
Director
Company Registration No. 06102805
PROFILE ARCHES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Leasehold improvements
Over the rent-free period of the lease
Plant and machinery
33% on the reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
63,067
Additions
862
At 31 March 2015
63,929
Depreciation
At 1 April 2014
51,261
Charge for the year
4,180
At 31 March 2015
55,441
Net book value
At 31 March 2015
8,488
At 31 March 2014
11,806
PROFILE ARCHES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 4 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
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