Style Interiors Contracts Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07673505 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

Style Interiors Contracts Ltd

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

10,328

10,159

CURRENT ASSETS

Stocks

12,225

-

Debtors

349,244

210,833

Cash at bank and in hand

226,586

85,445

588,055

296,278

CREDITORS

Amounts falling due within one year

591,632

279,461

NET CURRENT (LIABILITIES)/ASSETS

(3,577

)

16,817

TOTAL ASSETS LESS CURRENT LIABILITIES

6,751

26,976

PROVISIONS FOR LIABILITIES

680

2,032

NET ASSETS

6,071

24,944

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

5,971

24,844

SHAREHOLDERS' FUNDS

6,071

24,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 22 December 2015 and were signed on its behalf by:

Mr J E Barton - Director

Mr D F Oulsnam - 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 services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover

also includes the element of work completed but not yet invoiced.

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 reducing balance

Computer equipment

-

20% 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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

15,387

Additions

2,751

At 31 March 2015

18,138

DEPRECIATION

At 1 April 2014

5,228

Charge for year

2,582

At 31 March 2015

7,810

NET BOOK VALUE

At 31 March 2015

10,328

At 31 March 2014

10,159

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

35

Ordinary A

£1

35

35

15

Ordinary B

£1

15

15

35

Ordinary C

£1

35

35

15

Ordinary D

£1

15

15

100

100