Total Interiors Direct Limited - Accounts to registrar (filleted) - small 18.2

Total Interiors Direct Limited - Accounts to registrar (filleted) - small 18.2

TOTAL INTERIORS DIRECT LIMITED - Company Information

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REGISTERED NUMBER: 03156899 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2018

for

Total Interiors Direct Limited
Total Interiors Direct Limited (Registered number: 03156899)






Contents of the Financial Statements
for the Year Ended 31 December 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Total Interiors Direct Limited

Company Information
for the Year Ended 31 December 2018







DIRECTORS: J H Ruane
J J Ruane





SECRETARY: Mrs G Ruane





REGISTERED OFFICE: Cadbury House
Blackpole East
Worcester
Worcestershire
WR3 8SG





REGISTERED NUMBER: 03156899 (England and Wales)





ACCOUNTANTS: dhjh
Wyre Forest House
Finepoint Way
Kidderminster
Worcestershire
DY11 7WF
Page 1
Total Interiors Direct Limited (Registered number: 03156899)

Abridged Balance Sheet
31 December 2018

2018 2017
Notes £    £   
FIXED ASSETS
Tangible assets 4 65,859 74,360

CURRENT ASSETS
Stocks 228,601 177,665
Debtors 645,735 705,069
Cash at bank and in hand 1,569,627 1,065,899
2,443,963 1,948,633
CREDITORS
Amounts falling due within one year (1,720,630 ) (1,233,478 )
NET CURRENT ASSETS 723,333 715,155
TOTAL ASSETS LESS CURRENT
LIABILITIES
789,192
789,515

CREDITORS
Amounts falling due after more than one
year
(10,935
)
(17,435
)
NET ASSETS 778,257 772,080

CAPITAL AND RESERVES
Called up share capital 130 130
Retained earnings 778,127 771,950
SHAREHOLDERS' FUNDS 778,257 772,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these financial statements

Page 2
Total Interiors Direct Limited (Registered number: 03156899)

Abridged Balance Sheet - continued
31 December 2018


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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 26 February 2019 and were signed on its behalf
by:




J H Ruane - Director



J J Ruane - Director


The notes form part of these financial statements

Page 3
Total Interiors Direct Limited (Registered number: 03156899)

Notes to the Financial Statements
for the Year Ended 31 December 2018

1. STATUTORY INFORMATION

Total Interiors Direct Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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. The policy adopted for the recognition of turnover is as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods
have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic
benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in
respect of the transaction can be measured reliably. This is usually on delivery to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Work in progress
Work in progress has been valued based upon costs incurred to date after giving due consideration to the state
of completion of the job, anticipated profit on the job and any likely overrun on costs.

Taxation
Taxation for the year 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 year 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.

Page 4
Total Interiors Direct Limited (Registered number: 03156899)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2017 - 8 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2018 121,016
Additions 13,037
At 31 December 2018 134,053
DEPRECIATION
At 1 January 2018 46,656
Charge for year 21,538
At 31 December 2018 68,194
NET BOOK VALUE
At 31 December 2018 65,859
At 31 December 2017 74,360

Page 5
Total Interiors Direct Limited (Registered number: 03156899)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2018 93,179
Transfer to ownership (24,040 )
At 31 December 2018 69,139
DEPRECIATION
At 1 January 2018 24,412
Charge for year 15,045
Transfer to ownership (15,456 )
At 31 December 2018 24,001
NET BOOK VALUE
At 31 December 2018 45,138
At 31 December 2017 68,767

Page 6