Interior Lab Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08553237 (England and Wales)

INTERIOR LAB LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 3 JUNE 2013 TO 30 JUNE 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTORS:

P Forfar

Miss H E Jones

SECRETARY:

MC Secretaries Limited

REGISTERED OFFICE:

Station House

North Street

Havant

Hampshire

PO9 1QU

REGISTERED NUMBER:

08553237 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Station House

North Street

Havant

Hampshire

PO9 1QU

FIXED ASSETS

Tangible assets

2

8,645

CURRENT ASSETS

Stocks

2,500

Debtors

131,582

Cash at bank

153,486

287,568

CREDITORS

Amounts falling due within one year

233,438

NET CURRENT ASSETS

54,130

TOTAL ASSETS LESS CURRENT LIABILITIES

62,775

PROVISIONS FOR LIABILITIES

1,729

NET ASSETS

61,046

CAPITAL AND RESERVES

Called up share capital

3

100

Share premium

49,975

Profit and loss account

10,971

SHAREHOLDERS' FUNDS

61,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2014 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 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 Board of Directors on 25 February 2015 and were signed on its behalf by:

P Forfar - Director

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.

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

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

Additions

12,045

At 30 June 2014

12,045

DEPRECIATION

Charge for period

3,400

At 30 June 2014

3,400

NET BOOK VALUE

At 30 June 2014

8,645

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted as fully paid at a premium of £499.75 per share during

the period.

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to three) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Interior Lab Ltd for the period ended 30 June 2014 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we

are subject to its ethical and other professional requirements which are detailed at

icaew.com/membershandbook.

This report is made solely to the Board of Directors of Interior Lab Ltd, as a body, in accordance with our

terms of engagement. Our work has been undertaken solely to prepare for your approval the financial

statements of Interior Lab Ltd and state those matters that we have agreed to state to the Board of Directors

of Interior Lab Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at

icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to

anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Interior Lab Ltd has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of

Interior Lab Ltd. You consider that Interior Lab Ltd is exempt from the statutory audit requirement for the

period.

We have not been instructed to carry out an audit or a review of the financial statements of Interior Lab Ltd.

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 financial

statements.

Morris Crocker

Chartered Accountants

Station House

North Street

Havant

Hampshire

PO9 1QU

25 February 2015