NRich Interior Design Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09023819 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2018

for

NRich Interior Design Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G Richards

Mrs N Richards

REGISTERED OFFICE:

3 Park Square

Leeds

West Yorkshire

LS1 2NE

REGISTERED NUMBER:

09023819 (England and Wales)

ACCOUNTANTS:

Sochall Smith Limited

Chartered Accountants

3 Park Square

Leeds

LS1 2NE

FIXED ASSETS

Tangible assets

3

39,620

-

CURRENT ASSETS

Debtors

4

9,183

7,821

Cash at bank and in hand

1,430

764

10,613

8,585

CREDITORS

Amounts falling due within one year

5

81,464

24,023

NET CURRENT LIABILITIES

(70,851

)

(15,438

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(31,231

)

(15,438

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(31,331

)

(15,538

)

SHAREHOLDERS' FUNDS

(31,231

)

(15,438

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 23 October 2019 and were signed on its behalf by:

G Richards - Director

1.	STATUTORY INFORMATION

NRich Interior Design 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

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 etc

-

20% on cost

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.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

39,620

At 31 October 2018

39,620

NET BOOK VALUE

At 31 October 2018

39,620

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Trade debtors

7,800

1,800

Amounts owed by group undertakings

550

3,334

VAT

833

2,687

9,183

7,821

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Trade creditors

43,334

18,000

Amounts owed to group undertakings

36,710

4,603

Accrued expenses

1,420

1,420

81,464

24,023

6.	RELATED PARTY DISCLOSURES

Mr G Richards is a director of Quadrum Leisure Ltd, Quadrum Bars Payroll Limited, Quadrum Leisure

(Sheffield) Limited.

At 31 October 2018 the company owed Quadrum Leisure Ltd £34,567 (2017: £4,603).

At 31 October 2018 Quadrum Bars Payroll Limited owed the company £550 (2017: £550).

At 31 October 2018 the company owed Quadrum Leisure (Sheffield) Limited £2,143 (2017: £857 was owed

from the company).

At 31 October 2018 Quadrum Leisure (Leeds) Limited owed the company £Nil (2017: £1,927).

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G Richards.