Interior Lab Ltd - Limited company - abbreviated

REGISTERED NUMBER: 08553237 (England and Wales)

INTERIOR LAB LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P Forfar

Miss H E Jones

SECRETARY:

MC Secretaries Limited

REGISTERED OFFICE:

Station House

North Street

Havant

Hampshire

PO9 1QU

REGISTERED NUMBER:

08553237 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Station House

North Street

Havant

Hampshire

PO9 1QU

FIXED ASSETS

Tangible assets

2

26,329

8,645

CURRENT ASSETS

Stocks

-

2,500

Debtors

144,831

131,582

Cash at bank

101,453

153,486

246,284

287,568

CREDITORS

Amounts falling due within one year

170,458

233,438

NET CURRENT ASSETS

75,826

54,130

TOTAL ASSETS LESS CURRENT
LIABILITIES

102,155

62,775

PROVISIONS FOR LIABILITIES

850

1,729

NET ASSETS

101,305

61,046

CAPITAL AND RESERVES

Called up share capital

3

100

Share premium

49,975

Profit and loss account

51,230

10,971

SHAREHOLDERS' FUNDS

101,305

61,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 July 2015 and were signed on its behalf
by:

P Forfar - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with

the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

20% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

12,045

Additions

26,988

At 30 June 2015

39,033

DEPRECIATION

At 1 July 2014

3,400

Charge for year

9,304

At 30 June 2015

12,704

NET BOOK VALUE

At 30 June 2015

26,329

At 30 June 2014

8,645

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

Interior Lab Ltd - Limited company - abbreviated - 11.6

Interior Lab Ltd - Limited company - abbreviated - 11.6