Company Registration No. 02500599 (England and Wales)
CLASSIC INTERIORS (EAST YORKSHIRE) LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
CLASSIC INTERIORS (EAST YORKSHIRE) LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
CLASSIC INTERIORS (EAST YORKSHIRE) LTD
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2016
30 June 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
943
1,075
Current assets
Stocks
32,442
32,002
Debtors
13,941
14,719
Cash at bank and in hand
10,667
3,659
57,050
50,380
Creditors: amounts falling due within one year
(52,506)
(50,906)
Net current assets/(liabilities)
4,544
(526)
Total assets less current liabilities
5,487
549
Provisions for liabilities
(189)
(215)
5,298
334
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
5,198
234
Shareholders' funds
5,298
334
For the financial year ended 30 June 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 2 September 2016
Mr J Price
Director
Company Registration No. 02500599
CLASSIC INTERIORS (EAST YORKSHIRE) LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 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
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:
Fixtures, fittings & equipment
10% on cost
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015
18,237
Additions
156
At 30 June 2016
18,393
Depreciation
At 1 July 2015
17,162
Charge for the year
288
At 30 June 2016
17,450
Net book value
At 30 June 2016
943
At 30 June 2015
1,075
CLASSIC INTERIORS (EAST YORKSHIRE) LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
71 A Ordinary of £1 each
71
71
14 B Ordinary of £1 each
14
14
15 C Ordinary of £1 each
15
15
100
100