Abbreviated Company Accounts - INTERIOR ENTERPRISES LIMITED

Abbreviated Company Accounts - INTERIOR ENTERPRISES LIMITED

INTERIOR ENTERPRISES LIMITED - Company Information

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Registered Number 03081400

INTERIOR ENTERPRISES LIMITED

Abbreviated Accounts

31 July 2014

INTERIOR ENTERPRISES LIMITED Registered Number 03081400

Abbreviated Balance Sheet as at 31 July 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 - -
Tangible assets 3 3 3
Investments 4 450 450
453 453
Current assets
Stocks 20,000 35,000
Debtors 570,683 194,315
Cash at bank and in hand 10,949 27,898
601,632 257,213
Creditors: amounts falling due within one year (593,273) (315,900)
Net current assets (liabilities) 8,359 (58,687)
Total assets less current liabilities 8,812 (58,234)
Creditors: amounts falling due after more than one year (110,698) (121,039)
Total net assets (liabilities) (101,886) (179,273)
Capital and reserves
Called up share capital 5 1,025 1,025
Revaluation reserve 450 450
Profit and loss account (103,361) (180,748)
Shareholders' funds (101,886) (179,273)
  • For the year ending 31 July 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • 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.

Approved by the Board on 30 April 2015

And signed on their behalf by:
N BRIGNALL, Director
A KEENOR, Director

INTERIOR ENTERPRISES LIMITED Registered Number 03081400

Notes to the Abbreviated Accounts for the period ended 31 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
Basis of preparation
The accounts have been prepared on a going concern basis, the applicability of which is dependent upon the continued support of the company's creditors and financiers.

Accounting Convention
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following annual rates in order to write off the assets over their estimated useful lives.

Plant and machinery: 20% reducing balance
Motor vehicles: 20% reducing balance

Valuation information and policy
Stocks
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Intangible fixed assets
£
Cost
At 1 August 2013 837
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2014 837
Amortisation
At 1 August 2013 837
Charge for the year -
On disposals -
At 31 July 2014 837
Net book values
At 31 July 2014 0
At 31 July 2013 0
3Tangible fixed assets
£
Cost
At 1 August 2013 108,665
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2014 108,665
Depreciation
At 1 August 2013 108,662
Charge for the year -
On disposals -
At 31 July 2014 108,662
Net book values
At 31 July 2014 3
At 31 July 2013 3

4Fixed assets Investments
Cost
At 1 August 2013 £450

At 31 July 2014 £450

5Called Up Share Capital
Allotted, called up and fully paid:
2014
£		 2013
£
1,025 Ordinary shares of £1 each 1,025 1,025