Abbreviated Company Accounts - INTERFIT INTERIORS & MANUFACTURING LTD

Abbreviated Company Accounts - INTERFIT INTERIORS & MANUFACTURING LTD

INTERFIT INTERIORS & MANUFACTURING LTD - Company Information

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Registered Number 07071293

INTERFIT INTERIORS & MANUFACTURING LTD

Abbreviated Accounts

30 November 2014

INTERFIT INTERIORS & MANUFACTURING LTD Registered Number 07071293

Abbreviated Balance Sheet as at 30 November 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 4,207 3,706
4,207 3,706
Current assets
Stocks 33,964 100,046
Debtors 19,429 6,648
Cash at bank and in hand 31,525 20,701
84,918 127,395
Creditors: amounts falling due within one year (116,218) (123,222)
Net current assets (liabilities) (31,300) 4,173
Total assets less current liabilities (27,093) 7,879
Total net assets (liabilities) (27,093) 7,879
Capital and reserves
Called up share capital 100 100
Profit and loss account (27,193) 7,779
Shareholders' funds (27,093) 7,879
  • For the year ending 30 November 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 August 2015

And signed on their behalf by:
A Price, Director

INTERFIT INTERIORS & MANUFACTURING LTD Registered Number 07071293

Notes to the Abbreviated Accounts for the period ended 30 November 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 25% reducing balance
Fixtures & Fittings - 25% reducing balance
Equipment - 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 December 2013 9,449
Additions 1,904
Disposals -
Revaluations -
Transfers -
At 30 November 2014 11,353
Depreciation
At 1 December 2013 5,743
Charge for the year 1,403
On disposals -
At 30 November 2014 7,146
Net book values
At 30 November 2014 4,207
At 30 November 2013 3,706