High Profile Limited - Period Ending 2015-06-30

Registration number: 02833627

High Profile Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2015
 

King & Taylor Limited
4th Floor, Joynes House
New Road
Gravesend
Kent
DA11 0AT

High Profile Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

High Profile Limited
(Registration number: 02833627)
Abbreviated Balance Sheet at 30 June 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					13,847			16,853
Current assets
Stocks					1,623			1,330
Debtors					44,770			40,712
Cash at bank and in hand					2,739			18,852
					49,132			60,894
Creditors: Amounts falling due within one year					(28,896)			(24,387)
Net current assets					20,236			36,507
Net assets					34,083			53,360
Capital and reserves
Called up share capital		3			200			200
Profit and loss account					33,883			53,160
Shareholders' funds					34,083			53,360

For the year ending 30 June 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 23 February 2016 and signed on its behalf by:

.........................................
Mr P A Scutts
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

High Profile Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance basis
Fixtures, fittings and equipment	25% reducing balance basis

Work in progress

Work in progress is valued at the lower of cost and net realisable value. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2014		173,548			173,548
Additions		1,610			1,610
At 30 June 2015		175,158			175,158
Depreciation
At 1 July 2014		156,695			156,695
Charge for the year		4,616			4,616
At 30 June 2015		161,311			161,311
Net book value
At 30 June 2015		13,847			13,847
At 30 June 2014		16,853			16,853

Page 2

High Profile Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary A shares of £1 each		100			100			100			100
Ordinary B shares of £1 each		100			100			100			100
		200			200			200			200

Page 3