C Erison Interiors Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06484438 (England and Wales)

Unaudited Financial Statements for the Year Ended 29 February 2020

for

C Erison Interiors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Carole Jane Erison

SECRETARY:

Carole Jane Erison

REGISTERED OFFICE:

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

REGISTERED NUMBER:

06484438 (England and Wales)

ACCOUNTANTS:

KT Accountants Limited

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

FIXED ASSETS

Tangible assets

4

1,779

2,669

CURRENT ASSETS

Debtors

5

1,978

1,044

Cash at bank

71,007

26,478

72,985

27,522

CREDITORS

Amounts falling due within one year

6

58,283

11,395

NET CURRENT ASSETS

14,702

16,127

TOTAL ASSETS LESS CURRENT LIABILITIES

16,481

18,796

PROVISIONS FOR LIABILITIES

75

186

NET ASSETS

16,406

18,610

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

16,404

18,608

SHAREHOLDERS' FUNDS

16,406

18,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 28 October 2020 and were signed by:

Carole Jane Erison - Director

1.	STATUTORY INFORMATION

C Erison Interiors 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 March 2019

and 29 February 2020

22,513

14,980

37,493

DEPRECIATION

At 1 March 2019

21,343

13,481

34,824

Charge for year

390

500

890

At 29 February 2020

21,733

13,981

35,714

NET BOOK VALUE

At 29 February 2020

780

999

1,779

At 28 February 2019

1,170

1,499

2,669

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.20

28.2.19

£

£

Other debtors

1,978

1,044

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.20

28.2.19

£

£

Taxation and social security

55,596

9,841

Other creditors

2,687

1,554

58,283

11,395

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.20

28.2.19

value:

£

£

2

Ordinary

£1

2

2

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2020 and 28 February 2019:

29.2.20

28.2.19

£

£

Carole Jane Erison

Balance outstanding at start of year

(1,554

)

(14,023

)

Amounts advanced

33,500

12,469

Amounts repaid

(31,624

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

322

(1,554

)

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Carole Jane Erison.