Flaunt-It Decoration Limited,Ltd - Accounts

Flaunt-It Decoration Limited,Ltd - Accounts

FLAUNT-IT DECORATION LIMITED - Company Information

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2013-06-01 true false Private Limited Company 04464241 2014-05-31 04464241 2013-06-01 2014-05-31 04464241 2013-05-31 04464241 2012-06-01 2013-05-31 04464241 uk-bus:Director1 2013-06-01 2014-05-31 04464241 uk-bus:Director2 2013-06-01 2014-05-31 04464241 uk-gaap:CommercialMotorVehicles 2013-06-01 2014-05-31 04464241 uk-gaap:FixturesFittings 2013-06-01 2014-05-31 04464241 uk-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP
Flaunt-It Decoration Limited
For the year ended 31 May 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04464241
2
Abbreviated Balance Sheet
Flaunt-It Decoration Limited
As at 31 May 2014
04464241
Registered Number :
£
£
2014
Notes
2013
Fixed assets
Tangible assets
2
2,796
3,160
2,796
3,160
Current assets
Debtors
3,417
1,388
Cash at bank and in hand
34,414
3,317
35,802
6,734
Creditors: amounts falling due within one year
(9,562)
(33,263)
(2,828)
2,539
Net current assets
Total assets less current liabilities
5,335
332
5,335
Net assets
332
Capital and reserves
Called up share capital
100
3
100
Profit and loss account
5,235
232
5,335
332
Shareholders funds
For the year ended 31 May 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The directors acknowledge their 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.
Date approved by the board: 18 January 2015
S Winney Director
Signed on behalf of the board of directors
D Gil Die Director
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Notes to the Abbreviated Financial Statements
Flaunt-It Decoration Limited
For the year ended 31 May 2014
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles
25% Reducing balance
Fixtures and Fittings
25% Reducing balance
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
8,650
At 01 June 2013
568
Additions
At 31 May 2014
9,218
Depreciation
5,490
At 01 June 2013
932
Charge for year
6,422
At 31 May 2014
Net book values
At 31 May 2014
2,796
3,160
At 31 May 2013
3 Share capital
Authorised
100 Ordinary shares of £1.00 each
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4
Notes to the Abbreviated Financial Statements
Flaunt-It Decoration Limited
For the year ended 31 May 2014
Allotted called up and fully paid
2014
2013
£
£
100 Ordinary shares of £1.00 each
100
100
100
100
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