A & I Leather Beds Limited

	Registered number
	07189723

	A & I Leather Beds Limited
	Unaudited Accounts
	for the year ended
	31 January 2018

A & I Leather Beds Limited Balance Sheet as at 31 January 2018
	Notes		2018 £		2017 £
Fixed assets
Tangible assets	4		33,546		40,910
			33,546		40,910

Current assets
Stocks		117,500		71,610
Debtors	5	26,362		83,502
Cash at bank and in hand		2,048		1,853
		145,910		156,965

Creditors: amounts falling due within one year	6	(131,687)		(132,834)

Net current assets / (liabilities)			14,223		24,131

Total assets less current liabilities			47,769		65,041

Creditors: amounts falling due after more than one year	7		(38,712)		(44,340)

Total net assets (liabilities)			9,057		20,701

Capital and reserves
Called up share capital			100		100
Profit and loss account			8,957		20,601
Shareholders' funds			9,057		20,701

These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 January 2018 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.

Signed on behalf of the board of directors

...............................

Mr M Ibrar

Director

Approved by the board on 22 May 2018

Company Number: 07189723 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

22-26 Halifax Road
Liversedge
West Yorkshire
WF15 6JQ
England

1.	Accounting policies
	Basis of preparation of financial statements These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.

Tangible fixed assets depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.

Plant & machinery	18% Reducing Balance
Vehicles	18% Reducing Balance
Fixtures & fittings	18% Reducing Balance

	Stocks
	Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.

Stocks

Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.

	Deferred taxation
	Taxation represents the sum of tax currently payable and deferred tax. Current tax is calculated using tax rates that have been enacted or substantially enacted at the end of the reporting period. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of part of the asset to be recovered.

Deferred taxation

Taxation represents the sum of tax currently payable and deferred tax. Current tax is calculated using tax rates that have been enacted or substantially enacted at the end of the reporting period. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of part of the asset to be recovered.

Profit or loss
Profit before tax is stated after charging the following:	2018	2017
	£	£
Directors' remuneration	30,344	32,349

Taxation
	2018	2017
	£	£
UK Corporation Tax	0	11,594
Tax on profit/(loss) on ordinary activities	0	11,594

Tangible fixed assets
	Plant & machinery	Vehicles	Fixtures & fittings	Total
Cost or valuation	£	£	£	£
At 1 February 2017	30,969	20,821	9,144	60,934
At 31 January 2018	30,969	20,821	9,144	60,934
Depreciation
At 1 February 2017	13,463	4,916	1,645	20,024
Charge for the period	3,151	2,863	1,350	7,364
At 31 January 2018	16,614	7,779	2,995	27,388
Net book value
At 31 January 2018	14,355	13,042	6,149	33,546
At 31 January 2017	17,506	15,905	7,499	40,910

Debtors
	2018	2017
	£	£
Trade debtors	26,362	83,502
	26,362	83,502

Creditors: amounts falling due within one year
	2018	2017
	£	£
Bank Loans & Overdrafts	20,475	34,863
Trade creditors	53,462	42,367
Other creditors	57,750	55,604
	131,687	132,834

Creditors: amounts falling due after one year
	2018	2017
	£	£
Other	38,712	44,340
	38,712	44,340

Dividends
	2018	2017
	£	£
Total dividend payment	0	40,000

Borrowings
	2018	2017
Creditors repayable in more than five years:	£	£
Total	0	0