Profitlink Group Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04668680 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2017

FOR

PROFITLINK GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R Chamberlain

REGISTERED OFFICE:

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

REGISTERED NUMBER:

04668680 (England and Wales)

ACCOUNTANTS:

TGFP

Chartered Accountants

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

FIXED ASSETS

Tangible assets

3

9,762

10,961

CURRENT ASSETS

Debtors

4

23,803

24,803

Investments

5

28,778

22,636

Cash at bank and in hand

25,261

14,252

77,842

61,691

CREDITORS

Amounts falling due within one year

6

75,455

58,672

NET CURRENT ASSETS

2,387

3,019

TOTAL ASSETS LESS CURRENT LIABILITIES

12,149

13,980

CREDITORS

Amounts falling due after more than one year

7

-

2,574

NET ASSETS

12,149

11,406

CAPITAL AND RESERVES

Called up share capital

8

1,300

1,200

Retained earnings

9

10,849

10,206

SHAREHOLDERS' FUNDS

12,149

11,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 23 October 2017 and were signed by:

Mr R Chamberlain - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

3.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 31 March 2016

3,204

1,149

7,000

10,817

22,170

Additions

-

-

-

524

524

At 30 March 2017

3,204

1,149

7,000

11,341

22,694

DEPRECIATION

At 31 March 2016

2,816

997

1,943

5,453

11,209

Charge for year

58

23

759

883

1,723

At 30 March 2017

2,874

1,020

2,702

6,336

12,932

NET BOOK VALUE

At 30 March 2017

330

129

4,298

5,005

9,762

At 30 March 2016

388

152

5,057

5,364

10,961

4.

DEBTORS

2017

2016

£

£

Amounts falling due within one year:

Trade debtors

21,978

13,193

Other debtors

984

884

Directors' current accounts

339

9,726

23,301

23,803

Amounts falling due after more than one year:

Other debtors

502

1,000

Aggregate amounts

23,803

24,803

5.	CURRENT ASSET INVESTMENTS

2017

2016

£

£

Listed investments

1,748

-

Unlisted investments

27,030

22,636

28,778

22,636

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

6,769

5,347

Trade creditors

6,375

3,574

Barclaycard

4,345

1,100

Tax

20,719

19,508

Social security and other taxes

-

663

VAT

18,635

20,648

Other creditors

1,167

1,167

Accruals and deferred income

17,445

6,665

75,455

58,672

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans - 1-2 years

-

2,574

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1,000

Ordinary A

£1

1,000

1,000

200

Ordinary B

£1

200

200

100

Ordinary C

£1

100

-

1,300

1,200

The following shares were issued during the year for cash at par :

100 Ordinary C shares of £1

9.

RESERVES

Retained

earnings

£

At 31 March 2016

10,206

Profit for the year

83,130

Dividends

(82,487

)

At 30 March 2017

10,849

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 March 2017 and

30 March 2016:

2017

2016

£

£

Mr R Chamberlain

Balance outstanding at start of year

9,726

-

Amounts advanced

339

9,726

Amounts repaid

(9,726

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

339

9,726

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £34,494 (2016 - £28,451) were paid to the director .