REGISTERED NUMBER: 10731692 (England and Wales)

Unaudited Financial Statements

for the Period 20 April 2017 to 30 April 2018

for

Simon Elley Interiors Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Elley

Mrs J L Elley

SECRETARY:

REGISTERED OFFICE:

31 Brookfield Avenue

Nettleham

Lincoln

Lincolnshire

LN2 2TB

REGISTERED NUMBER:

10731692 (England and Wales)

ACCOUNTANTS:

Hurstons Ltd

46/48 High Street

Epworth

Doncaster

DN9 1EP

FIXED ASSETS

Intangible assets

4

9,000

Tangible assets

5

7,873

16,873

CURRENT ASSETS

Cash at bank

2,917

CREDITORS

Amounts falling due within one year

6

19,316

NET CURRENT LIABILITIES

(16,399

)

TOTAL ASSETS LESS CURRENT LIABILITIES

474

CAPITAL AND RESERVES

Called up share capital

104

Retained earnings

370

SHAREHOLDERS' FUNDS

474

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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 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 Board of Directors on 14 January 2019 and were signed on its behalf by:

S Elley - Director

1.	STATUTORY INFORMATION

Simon Elley Interiors Ltd is a private company, limited by shares , 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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

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.

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

-

25% on reducing balance

Taxation

Taxation for the period 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

period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

10,000

At 30 April 2018

10,000

AMORTISATION

Charge for period

1,000

At 30 April 2018

1,000

NET BOOK VALUE

At 30 April 2018

9,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

Additions

10,498

At 30 April 2018

10,498

DEPRECIATION

Charge for period

2,625

At 30 April 2018

2,625

NET BOOK VALUE

At 30 April 2018

7,873

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

2

Tax

3,297

Directors' current accounts

15,117

Accruals and deferred income

900

19,316