REGISTERED NUMBER: 06431249 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Professionaliverpool Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M P G Davies

J Gill

Mrs L Greenhalgh

A R Lovelady

B C M Miller

M L Noon

Ms J K Peters

A Reed

P J Rooney

D W Varey

S I Walker

SECRETARY:

A R Lovelady

REGISTERED OFFICE:

Suite 111d Cotton Exchange Building

Bixteth Street

Liverpool

L3 9LQ

REGISTERED NUMBER:

06431249 (England and Wales)

FIXED ASSETS

Intangible assets

4

32,887

14,757

Tangible assets

5

2,586

2,056

Investments

6

1

1

35,474

16,814

CURRENT ASSETS

Debtors

7

27,520

35,373

Cash at bank and in hand

29,403

35,609

56,923

70,982

CREDITORS

Amounts falling due within one year

8

29,168

28,433

NET CURRENT ASSETS

27,755

42,549

TOTAL ASSETS LESS CURRENT LIABILITIES

63,229

59,363

RESERVES

Other reserves

52,210

52,210

Income and expenditure account

11,019

7,153

63,229

59,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 surplus or deficit 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 Board of Directors on 3 October 2018 and were signed on its behalf by:

J Gill - Director

1.	STATUTORY INFORMATION

Professionaliverpool Limited is a private company, limited by guarantee , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	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 compromises subscriptions receivable during the year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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 etc

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Government and other grants

Government and the other grants are credited to the profit and loss account as the related expenditure is

incurred. Non-government grants are credited to profit and loss account when received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2017

18,990

Additions

24,840

At 31 March 2018

43,830

AMORTISATION

At 1 April 2017

4,233

Charge for year

6,710

At 31 March 2018

10,943

NET BOOK VALUE

At 31 March 2018

32,887

At 31 March 2017

14,757

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

2,424

Additions

1,522

At 31 March 2018

3,946

DEPRECIATION

At 1 April 2017

368

Charge for year

992

At 31 March 2018

1,360

NET BOOK VALUE

At 31 March 2018

2,586

At 31 March 2017

2,056

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2017

and 31 March 2018

1

NET BOOK VALUE

At 31 March 2018

1

At 31 March 2017

1

The investment comprises 1 ordinary share of £1 in Professional Liverpool Limited - a non-trading company,

being 100% of the issued share capital of that company.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

5,188

6,599

Other debtors

22,332

28,774

27,520

35,373

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

28,754

27,766

Taxation and social security

414

667

29,168

28,433

9.	LIMITED BY GUARANTEE

The company is a private company limited by guarantee and consequently does not have share capital. Each of

the members is liable to contribute an amount not exceeding £1 toward the assets of the company in the event

of liquidation.