Company Registration No. 09765299 (England and Wales)
Sarah Chambers Interiors Limited
Unaudited accounts
for the year ended 30 September 2022
Sarah Chambers Interiors Limited
Unaudited accounts
Contents
Sarah Chambers Interiors Limited
Company Information
for the year ended 30 September 2022
Company Number
09765299 (England and Wales)
Registered Office
161 Fentiman Road
London
SW8 1JZ
Accountants
Warwick McArdle
55 Ellerton Road
London
SW18 3NQ
Sarah Chambers Interiors Limited
Statement of financial position
as at 30 September 2022
Cash at bank and in hand
88,841
98,136
Creditors: amounts falling due within one year
(79,360)
(82,722)
Net current assets
9,481
19,658
Total assets less current liabilities
9,914
20,308
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
9,828
20,178
Shareholders' funds
9,829
20,179
For the year ending 30 September 2022 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2022 and were signed on its behalf by
Sarah Chambers
Director
Company Registration No. 09765299
Sarah Chambers Interiors Limited
Notes to the Accounts
for the year ended 30 September 2022
Sarah Chambers Interiors Limited is a private company, limited by shares, registered in England and Wales, registration number 09765299. The registered office is 161 Fentiman Road, London, SW8 1JZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 years straight line
Computer equipment
3 years straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
During the year the UK government implemented a country wide lockdown in response to the Covid19 virus in the UK and globally. This has impacted the business immediately. Considerable uncertainty exists around the shorter and longer term impact. A going concern basis is still considered an appropriate basis of preparation for the accounts.
Sarah Chambers Interiors Limited
Notes to the Accounts
for the year ended 30 September 2022
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2021
1,084
1,104
2,188
At 30 September 2022
1,084
1,104
2,188
At 1 October 2021
434
1,104
1,538
Charge for the year
217
-
217
At 30 September 2022
651
1,104
1,755
At 30 September 2022
433
-
433
At 30 September 2021
650
-
650
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
4,755
(282)
Taxes and social security
6,943
11,631
Loans from directors
67,733
71,444
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
At the year end the company owed the Director £67,733 (2021 £71,444).
The company was under the control of Sarah Chambers throughout the year as the majority shareholder.
10
Average number of employees
During the year the average number of employees was 1 (2021: 1).
