Refurb It All Ltd - Accounts

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Registered Number: 05448433

REFURB IT ALL LTD

Abridged Accounts

Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

Refurb It All Ltd
Contents Page
For the year ended 31 March 2020

Statement of financial position	1
Notes to the financial statements	2

Refurb It All Ltd
Statement of Financial Position
As at 31 March 2020

	Notes	2020 £	2019 £
Fixed assets
Tangible fixed assets	2	295	687
Investments	3	7,440	7,440
		7,735	8,127
Current assets
Stocks		12,000	12,000
Debtors: amounts falling due within one year		36,625	4,449
Cash at bank and in hand		(5,181)	113,836
		43,444	130,285
Creditors: amount falling due within one year		(125,736)	(117,635)
Net current liabilities		(82,292)	12,650

Total assets less current liabilities		(74,557)	20,777
Net liabilities		(74,557)	20,777

Capital and reserves
Called up share capital		50	50
Profit and loss account		(74,607)	20,727
Shareholders funds		(74,557)	20,777

For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 22 May 2020 and were signed by:

--------------------------------
Z Nairi
Director

Refurb It All Ltd
Notes to the Abridged Financial Statements
For the year ended 31 March 2020

General Information

Refurb It All Ltd is a private company, limited by shares, registered in , registration number 05448433, registration address 47 High Street , Barnet, Herts, EN5 5UW

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

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:

Fixtures and Fittings	25% Straight Line
Computer Equipment	33.33% Straight Line

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 April 2019	3,001	3,684	6,685
Additions	-	441	441
Disposals	-	-	-
At 31 March 2020	3,001	4,125	7,126
Depreciation
At 01 April 2019	3,001	2,997	5,998
Charge for year	-	833	833
On disposals	-	-	-
At 31 March 2020	3,001	3,830	6,831
Net book values
Closing balance as at 31 March 2020	-	295	295
Opening balance as at 01 April 2019	-	687	687

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 April 2019	7,440	7,440
Additions	-	-
Disposals	-	-
At 31 March 2020	7,440	7,440

4.	Average number of employees Average number of employees during the year was 2 (2019 : 2)