Intuitive Homes Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06806903 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28TH FEBRUARY 2015

FOR

INTUITIVE HOMES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr S Nevison

REGISTERED OFFICE:

259 Burton Road

West Didsbury

Manchester

Greater Manchester

M20 2WA

REGISTERED NUMBER:

06806903 (England and Wales)

ACCOUNTANTS:

Ainsworths Limited

Chartered Accountants

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

FIXED ASSETS

Tangible assets

2

5,811

4,761

CURRENT ASSETS

Stocks

44,673

29,673

Debtors

20,869

27,021

Cash at bank

3,563

1,159

69,105

57,853

CREDITORS

Amounts falling due within one year

13,768

18,588

NET CURRENT ASSETS

55,337

39,265

TOTAL ASSETS LESS CURRENT LIABILITIES

61,148

44,026

CREDITORS

Amounts falling due after more than one year

(58,585

)

(41,798

)

PROVISIONS FOR LIABILITIES

(1,162

)

(954

)

NET ASSETS

1,401

1,274

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

1,301

1,174

SHAREHOLDERS' FUNDS

1,401

1,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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 21st January 2016 and were signed by:

Mr S Nevison - 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 and services, 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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st March 2014

12,922

Additions

3,405

At 28th February 2015

16,327

DEPRECIATION

At 1st March 2014

8,161

Charge for year

2,355

At 28th February 2015

10,516

NET BOOK VALUE

At 28th February 2015

5,811

At 28th February 2014

4,761

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.15

28.2.14

value:

£

£

100

Ordinary

£1

100

100