Company Registration No. 04855649 (England and Wales)
ABOUT INTERIORS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
ABOUT INTERIORS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABOUT INTERIORS LTD
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
10,299
14,816
Current assets
Stocks
2,000
2,000
Debtors
59,342
102,196
Cash at bank and in hand
58,908
114,066
120,250
218,262
Creditors: amounts falling due within one year
3
(36,184)
(99,575)
Net current assets
84,066
118,687
Total assets less current liabilities
94,365
133,503
Provisions for liabilities
(2,060)
(2,878)
92,305
130,625
Capital and reserves
Called up share capital
4
100
100
Profit and loss account
92,205
130,525
Shareholders' funds
92,305
130,625
For the financial year ended 30 September 2016 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 30 June 2017
E Hegarty
Director
Company Registration No. 04855649
ABOUT INTERIORS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
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 January 2015).
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
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
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:
Plant and machinery
20% straight line
Computer equipment
25% straight line
Motor vehicles
25% reducing balance
1.6
Stock
Stock is valued at the lower of cost and net realisable value.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
ABOUT INTERIORS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 October 2015
64,000
44,552
108,552
Disposals
-
(7,608)
(7,608)
At 30 September 2016
64,000
36,944
100,944
Depreciation
At 1 October 2015
64,000
29,737
93,737
On disposals
-
(6,847)
(6,847)
Charge for the year
-
3,755
3,755
At 30 September 2016
64,000
26,645
90,645
Net book value
At 30 September 2016
-
10,299
10,299
At 30 September 2015
-
14,816
14,816
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £0 (2015 - £2,123).
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100