Interior Finishes (UK) Limited - Period Ending 2013-12-31

Registration number: 04777582

Interior Finishes (UK) Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2013
 

A Singh Accountancy
Accountant
65 Lodge Road
Walsall
West Midlands
WS5 4SB

Interior Finishes (UK) Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Interior Finishes (UK) Limited
for the Year Ended 31 December 2013

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Interior Finishes (UK) Limited for the year ended 31 December 2013 set out on pages from the company's accounting records and from information and explanations you have given us.

As a member firm of the CIMA in England and Wales, we are subject to its professional requirements .

This report is made solely to the Board of Directors of Interior Finishes (UK) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Interior Finishes (UK) Limited We do not accept or assume responsibility for our work or for this report to anyone other than the board of directors of Interior Finishes (UK) Limited

It is your duty to ensure that Interior Finishes (UK) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Interior Finishes (UK) Limited. You consider that Interior Finishes (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Interior Finishes (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

A Singh Accountancy
Accountant
65 Lodge Road
Walsall
West Midlands
WS5 4SB

13 February 2015

Page 1

Interior Finishes (UK) Limited
(Registration number: 04777582)
Abbreviated Balance Sheet at 31 December 2013

		Note			2013 £			2012 £
Fixed assets
Tangible fixed assets					2,267			3,022
Current assets
Stocks					5,290			6,165
Debtors					27,236			13,572
					32,526			19,737
Creditors: Amounts falling due within one year					(34,047)			(22,552)
Net current liabilities					(1,521)			(2,815)
Net assets					746			207
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					646			107
Shareholders' funds					746			207

For the year ending 31 December 2013 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 13 February 2015

.........................................
Mr Alan Keith Darby
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Interior Finishes (UK) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	25& straight line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Interior Finishes (UK) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2013		10,347			10,347
At 31 December 2013		10,347			10,347
Depreciation
At 1 January 2013		7,325			7,325
Charge for the year		755			755
At 31 December 2013		8,080			8,080
Net book value
At 31 December 2013		2,267			2,267
At 31 December 2012		3,022			3,022

3	Share capital

Allotted, called up and fully paid shares

	2013						2012
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 4