Exclusiv Fitted Interiors Limited 31/12/2020 iXBRL
Exclusiv Fitted Interiors Limited 31/12/2020 iXBRL
COMPANY REGISTRATION NUMBER:
NI026850
UNAUDITED FILLETED FINANCIAL STATEMENTS
Exclusiv Fitted Interiors Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Exclusiv Fitted Interiors Limited
Directors and other information
Directors |
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Secretary |
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Company number |
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Registered office |
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Business address |
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Accountants |
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16 Main Street | ||
Limavady | ||
Co L'Derry | ||
BT49 0EU | ||
Bankers |
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Unit 37/39 Main Street | ||
Limavady | ||
Co. L'Derry | ||
BT49 0EP | ||
Exclusiv Fitted Interiors Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Exclusiv Fitted Interiors Limited
Year ended 31 December 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Exclusiv Fitted Interiors Limited for the year ended 31 December 2020 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Exclusiv Fitted Interiors Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Exclusiv Fitted Interiors Limited and state those matters that we have agreed to state to the board of directors of Exclusiv Fitted Interiors Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Exclusiv Fitted Interiors Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Exclusiv Fitted Interiors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Exclusiv Fitted Interiors Limited. You consider that Exclusiv Fitted Interiors Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Exclusiv Fitted Interiors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Certified Accountants
16 Main Street
Limavady
Co L'Derry
BT49 0EU
15 June 2021
Exclusiv Fitted Interiors Limited
Statement of financial position
31 December 2020
2020 | 2019 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Intangible assets | 6 | - | - | ||||||
Tangible assets | 7 |
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Current assets | |||||||||
Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
15 June 2021
, and are signed on behalf of the board by:
Director
Company registration number:
NI026850
Exclusiv Fitted Interiors Limited
Notes to the financial statements
Year ended 31 December 2020
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Exclusiv Fitted Interiors Limited, 16A Longfield Industrial Estate, Eglinton, Co. L'Derry, BT47 3PY.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill | - |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery | - |
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Impairment
Government grants
Provisions
Financial instruments
Defined contribution plans
4.
Turnover
The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
5.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2019:
3
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6.
Intangible assets
Goodwill | Total | ||
£ | £ | ||
Cost | |||
At 1 January 2020 and 31 December 2020 |
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Amortisation | |||
At 1 January 2020 and 31 December 2020 |
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Carrying amount | |||
At 31 December 2020 | - | - | |
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At 31 December 2019 | - | - | |
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7.
Tangible assets
Plant and machinery | Total | ||
£ | £ | ||
Cost | |||
At 1 January 2020 |
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Additions |
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Disposals |
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At 31 December 2020 |
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Depreciation | |||
At 1 January 2020 |
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Charge for the year |
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Disposals |
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At 31 December 2020 |
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Carrying amount | |||
At 31 December 2020 |
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At 31 December 2019 |
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8.
Creditors: amounts falling due within one year
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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