Define Kitchens, Bathrooms And Bedrooms - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08897542 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2015

for

Define Kitchens, Bathrooms And Bedrooms

Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G Sampson

REGISTERED OFFICE:

22 Broad Street

Launceston

Cornwall

PL15 8AE

REGISTERED NUMBER:

08897542 (England and Wales)

ACCOUNTANTS:

Buttons Accounting Limited

First Floor Office

22 Broad Street

Launceston

Cornwall

PL15 8AE

FIXED ASSETS

Intangible assets

2

31,500

Tangible assets

3

11,376

42,876

CURRENT ASSETS

Stocks

10,000

Debtors

13,833

23,833

CREDITORS

Amounts falling due within one year

63,953

NET CURRENT LIABILITIES

(40,120

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,756

PROVISIONS FOR LIABILITIES

1,555

NET ASSETS

1,201

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

1,200

SHAREHOLDERS' FUNDS

1,201

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

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

The director acknowledges his 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 director on 17 November 2015 and were signed by:

G Sampson - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

35,000

At 30 April 2015

35,000

AMORTISATION

Amortisation for year

3,500

At 30 April 2015

3,500

NET BOOK VALUE

At 30 April 2015

31,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

22,220

Disposals

(8,445

)

At 30 April 2015

13,775

DEPRECIATION

Charge for year

2,399

At 30 April 2015

2,399

NET BOOK VALUE

At 30 April 2015

11,376

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 April 2015:

£

G Sampson

Balance outstanding at start of year

-

Amounts advanced

13,859

Amounts repaid

-

Balance outstanding at end of year

13,859