REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 JANUARY 2016 |
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FOR |
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DESIGN FLOORS 1 LTD |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 JANUARY 2016 |
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FOR |
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DESIGN FLOORS 1 LTD |
DESIGN FLOORS 1 LTD (REGISTERED NUMBER: 06576641) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 January 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
DESIGN FLOORS 1 LTD |
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COMPANY INFORMATION |
for the Year Ended 31 January 2016 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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DESIGN FLOORS 1 LTD (REGISTERED NUMBER: 06576641) |
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ABBREVIATED BALANCE SHEET |
31 January 2016 |
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31.1.16 | 31.1.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
DESIGN FLOORS 1 LTD (REGISTERED NUMBER: 06576641) |
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ABBREVIATED BALANCE SHEET - continued |
31 January 2016 |
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The financial statements were approved by the director on
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DESIGN FLOORS 1 LTD (REGISTERED NUMBER: 06576641) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 January 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance |
with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover & income recognition |
Turnover represents net invoiced sales of goods and services, excluding value added tax. Turnover is |
recognised upon the satisfactory completion of the contract. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Website | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date where transactions or events that result in an obligation to pay more tax in the |
future or a right to pay less tax in the future have occurred at the balance sheet date. Timing |
differences are differences between the company's taxable profit or loss and its results as stated in the |
financial statements that arise from the inclusion of gains and losses in assessments in periods |
different from those in which they are recognised in the financial statements. |
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A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will |
be suitable taxable profits from which the future reversal of the underlying timing differences can be |
deducted. |
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Deferred tax assets and liabilities are not discounted. |
DESIGN FLOORS 1 LTD (REGISTERED NUMBER: 06576641) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the Year Ended 31 January 2016 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 February 2015 |
and 31 January 2016 |
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DEPRECIATION |
At 1 February 2015 |
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Charge for year |
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At 31 January 2016 |
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NET BOOK VALUE |
At 31 January 2016 |
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At 31 January 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.16 | 31.1.15 |
value: | £ | £ |
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Ordinary | £1 |
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4. | RELATED PARTY DISCLOSURES |
DESIGN FLOORS 1 LTD (REGISTERED NUMBER: 06576641) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the Year Ended 31 January 2016 |
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4. | RELATED PARTY DISCLOSURES - continued |
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Director and shareholder |
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Movements on S G Thompson's loan account with the company during the year are shown below |
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31.1.16 |
£ |
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Balance at 1 February 2015 | 8,017 |
Payments made on behalf of the company | (109,487 | ) |
Personal payments & cash drawn | 118,174 |
Balance at 31 January 2016 | 16,704 |
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31.1.15 |
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Balance at 1 February 2014 | 6,792 |
Payments made on behalf of the company | (132,751 | ) |
Personal payments & cash drawn | 144,976 |
Dividend | (11,000 | ) |
Balance at 31 January 2015 | 8,017 |
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The maximum indebtedness of the director to the company during the year was £29,518 (2015 |
£8,483) |
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The loan does not bear interest. |