NR Decorating Ltd - Filleted accounts

NR Decorating Ltd - Filleted accounts

N.R. DECORATING LIMITED - Company Information

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Registered number
05033588
NR Decorating Ltd
Filleted Accounts
28 February 2019
NR Decorating Ltd
Registered number: 05033588
Balance Sheet
as at 28 February 2019
Notes 2019 2018
£ £
Fixed assets
Tangible assets 2 17,880 14,530
Current assets
Debtors 3 132,120 136,695
Cash at bank and in hand 290,011 118,413
422,131 255,108
Creditors: amounts falling due within one year 4 (102,587) (50,240)
Net current assets 319,544 204,868
Net assets 337,424 219,398
Capital and reserves
Called up share capital 1 1
Profit and loss account 337,423 219,397
Shareholder's funds 337,424 219,398
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Randall
Director
Approved by the board on 29 November 2019
NR Decorating Ltd
Notes to the Accounts
for the year ended 28 February 2019
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2018 8,999 46,418 55,417
Additions - 9,500 9,500
At 28 February 2019 8,999 55,918 64,917
Depreciation
At 1 March 2018 7,101 33,786 40,887
Charge for the year 617 5,533 6,150
At 28 February 2019 7,718 39,319 47,037
Net book value
At 28 February 2019 1,281 16,599 17,880
At 28 February 2018 1,898 12,632 14,530
3 Debtors 2019 2018
£ £
Trade debtors 23,800 28,375
CIS Tax 108,320 108,320
132,120 136,695
4 Creditors: amounts falling due within one year 2019 2018
£ £
Trade creditors 2,918 2,060
Taxation and social security costs 99,041 46,613
Other creditors 628 1,567
102,587 50,240
5 Other information
NR Decorating Ltd is a private company limited by shares and incorporated in England. Its registered office is 129b High Street Stevenage Herts:
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