INTERIOR CONTRACTS (KITCHENS) LIMITED Accounts filed on 31-10-2015

INTERIOR CONTRACTS (KITCHENS) LIMITED Accounts filed on 31-10-2015

INTERIOR CONTRACTS (KITCHENS) LIMITED - Company Information

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INTERIOR CONTRACTS (KITCHENS) LIMITED




Company Registration Number:
06749960 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st November 2014

End date: 31st October 2015

SUBMITTED

INTERIOR CONTRACTS (KITCHENS) LIMITED

Company Information
for the Period Ended 31st October 2015




Director: Barry Casement
Noel Dean
Dennis Quimby
James Dean
Company secretary: Stephen McCall
Registered office: Unit 2 St. Ives Business Park
Accrington Road
Blackburn
BB1 2BX
Company Registration Number: 06749960 (England and Wales)

INTERIOR CONTRACTS (KITCHENS) LIMITED

Abbreviated Balance sheet
As at 31st October 2015

Notes 2015
£		 2014
£
Fixed assets
Intangible assets: 4 6,000 8,000
Tangible assets: 5 390,449 94,706
Total fixed assets: 396,449 102,706
Current assets
Stocks: 320,062 228,607
Debtors: 6 1,159,686 667,258
Cash at bank and in hand: 14,511 16,419
Total current assets: 1,494,259 912,284
Creditors
Creditors: amounts falling due within one year 7 1,291,835 826,636
Net current assets (liabilities): 202,424 85,648
Total assets less current liabilities: 598,873 188,354
Creditors: amounts falling due after more than one year: 8 265,809 111,143
Provision for liabilities: 0 0
Total net assets (liabilities): 333,064 77,211

The notes form part of these financial statements

INTERIOR CONTRACTS (KITCHENS) LIMITED

Abbreviated Balance sheet
As at 31st October 2015
continued

Notes 2015
£		 2014
£
Capital and reserves
Called up share capital: 10 100 100
Revaluation reserve: 0 0
Profit and Loss account: 332,964 77,111
Total shareholders funds: 333,064 77,211

For the year ending 31 October 2015 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 24 November 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Barry Casement
Status: Director

The notes form part of these financial statements

INTERIOR CONTRACTS (KITCHENS) LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2015

  • 1. Accounting 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

    Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows. estimated useful lives. Office Equipment 33% Straight Line Fixtures, fittings & Equipment 25% Straight Line Motor Vehicles 33% Straight Line Leasehold Improvements 25% Straight Line Plant and Machinery 20% Straight Line

    Intangible fixed assets amortisation policy

    Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years

    Other accounting policies

    Stocks Stock is valued at the lower of cost and net realisable value. Pensions The company operates a defined contribution scheme for the benefit of its employees. Contributions are charged to the profit and loss account in the period they are payable.

INTERIOR CONTRACTS (KITCHENS) LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2015

  • 4. Intangible assets

    Total
    Cost £
    At 01st November 2014: 20,000
    20,000
    Amortisation £
    At 01st November 2014: 12,000
    Provided during the period: 2,000
    At 31st October 2015: 14,000
    Net book value £
    At 31st October 2015: 6,000
    At 31st October 2014: 8,000

INTERIOR CONTRACTS (KITCHENS) LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2015

  • 5. Tangible assets

    Total
    Cost £
    At 01st November 2014: 134,920
    Additions: 347,822
    Disposals: 4,815
    At 31st October 2015: 477,927
    Depreciation
    At 01st November 2014: 40,214
    Charge for year: 51,729
    On disposals: 4,465
    At 31st October 2015: 87,478
    Net book value
    At 31st October 2015: 390,449
    At 31st October 2014: 94,706

    The following value of assets are held under finance leases:- Plant and Machinery £210,106, Office Equipment £5,777, Fixtures and Fittings £2,771 and Motor Vehicles £47,413. 2014 - £Nil for all categories.

INTERIOR CONTRACTS (KITCHENS) LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2015

  • 6. Debtors

    2015
    £     		2014
    £
    Trade debtors: 1,009,267 530,494
    Other debtors: 39,865 33,619
    Prepayments and accrued income: 110,554 103,145
    Total: 1,159,686 667,258

INTERIOR CONTRACTS (KITCHENS) LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2015

  • 7. Creditors: amounts falling due within one year

    2015
    £     		2014
    £
    Bank loans and overdrafts: 298,592 195,218
    Amounts due under finance leases and hire purchase contracts: 43,193 -
    Trade creditors: 803,428 473,868
    Taxation and social security: 36,043 8,952
    Accruals and deferred income: 109,251 50,732
    Other creditors: 1,328 97,866
    Total: 1,291,835 826,636

INTERIOR CONTRACTS (KITCHENS) LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2015

  • 8. Creditors: amounts falling due after more than one year

    2015
    £     		2014
    £
    Amounts due under finance leases and hire purchase contracts: 155,864 0
    Other creditors: 109,945 111,143
    Total: 265,809 111,143

INTERIOR CONTRACTS (KITCHENS) LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2015

  • 10. Called up share capital

    Allotted, called up and paid

    Previous period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100
    Current period 2015
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100