Offspring Furniture Consultants Ltd - Limited company - abbreviated - 11.6

Offspring Furniture Consultants Ltd - Limited company - abbreviated - 11.6

OFFSPRING DESIGN LTD - Company Information

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07249138 1.6.13 31.5.14 31.5.14 Company accounts Private Limited Company FY true false true false true false false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure072491382013-05-31072491382014-05-31072491382013-06-012014-05-31072491382012-05-31072491382012-06-012013-05-31072491382013-05-3107249138ns12:England2013-06-012014-05-3107249138ns14:PoundSterling2013-06-012014-05-3107249138ns7:Director12013-06-012014-05-3107249138ns7:OrdinaryShareClass12013-06-012014-05-3107249138ns5:PlantMachinery2013-06-012014-05-3107249138ns5:FixturesFittings2013-06-012014-05-3107249138ns5:MotorVehicles2013-06-012014-05-3107249138ns5:ComputerEquipment2013-06-012014-05-3107249138ns7:OrdinaryShareClass12014-05-3107249138ns7:OrdinaryShareClass12013-05-3107249138ns7:Director12013-05-3107249138ns7:Director12012-05-3107249138ns7:Director12012-06-012013-05-3107249138ns7:Director12014-05-3107249138ns7:Director12013-05-31
REGISTERED NUMBER: 07249138 (England and Wales)












ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

FOR

OFFSPRING FURNITURE CONSULTANTS LTD

OFFSPRING FURNITURE CONSULTANTS LTD (REGISTERED NUMBER: 07249138)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2014










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

OFFSPRING FURNITURE CONSULTANTS LTD (REGISTERED NUMBER: 07249138)

ABBREVIATED BALANCE SHEET
31 MAY 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 27,965 13,608

CURRENT ASSETS
Stocks 28,865 13,791
Debtors 124,311 59,710
Cash at bank and in hand 11,759 22,626
164,935 96,127
CREDITORS
Amounts falling due within one year 148,058 85,995
NET CURRENT ASSETS 16,877 10,132
TOTAL ASSETS LESS CURRENT
LIABILITIES
44,842
23,740

CREDITORS
Amounts falling due after more than one
year
5,000
-
NET ASSETS 39,842 23,740

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account 39,841 23,739
SHAREHOLDERS' FUNDS 39,842 23,740

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 13 February 2015 and were signed by:





I C Stallwood - Director


The notes form part of these abbreviated accounts

1
OFFSPRING FURNITURE CONSULTANTS LTD (REGISTERED NUMBER: 07249138)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2014


1. ACCOUNTING POLICIES

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 April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

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 the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2013 23,642
Additions 24,652
Disposals (8,995 )
At 31 May 2014 39,299
DEPRECIATION
At 1 June 2013 10,034
Charge for year 5,235
Eliminated on disposal (3,935 )
At 31 May 2014 11,334
NET BOOK VALUE
At 31 May 2014 27,965
At 31 May 2013 13,608

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
1 Ordinary 1 1 1

2 continued...
OFFSPRING FURNITURE CONSULTANTS LTD (REGISTERED NUMBER: 07249138)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MAY 2014


4. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2014 and
31 May 2013:

2014 2013
£    £   
I C Stallwood
Balance outstanding at start of year (39 ) -
Amounts advanced 38,034 17,161
Amounts repaid (254 ) (17,200 )
Balance outstanding at end of year 37,741 (39 )

Interest is being charged at 3.25% per annum which is in line with HM Revenue & Customs official rates of
interest.

The full balance of the directors loan account was repaid on 13 February 2015.

3