Stephanie's Interiors Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05597589 (England and Wales)

Abbreviated Accounts for the Year Ended 31 October 2015

for

Stephanie's Interiors Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs S Labazzi

Mr P Labazzi

REGISTERED OFFICE:

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

REGISTERED NUMBER:

05597589 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Tangible assets

2

14,668

15,276

CURRENT ASSETS

Stocks

3,995

-

Debtors

6,698

4,314

Cash at bank

7,734

29,933

18,427

34,247

CREDITORS

Amounts falling due within one year

28,508

27,131

NET CURRENT (LIABILITIES)/ASSETS

(10,081

)

7,116

TOTAL ASSETS LESS CURRENT LIABILITIES

4,587

22,392

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

4,487

22,292

SHAREHOLDERS' FUNDS

4,587

22,392

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 26 April 2016 and were signed on its behalf by:

Mrs S Labazzi - 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.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

22,355

Additions

18,655

Disposals

(19,165

)

At 31 October 2015

21,845

DEPRECIATION

At 1 November 2014

7,079

Charge for year

4,889

Eliminated on disposal

(4,791

)

At 31 October 2015

7,177

NET BOOK VALUE

At 31 October 2015

14,668

At 31 October 2014

15,276

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

£

100

ordinary

1

100

100

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £28,000 (2014 - £18,500) were paid to the directors .

Mr P Labazzi

Director

This loan is interest free.

31.10.15

31.10.14

£

£

Amount due to related party at the balance sheet date

4,178

4,924

Mrs S Labazzi

Director

This loan is interest free.

31.10.15

31.10.14

£

£

Amount due to related party at the balance sheet date

4,178

4,924

5.	ULTIMATE CONTROLLING PARTY

The company is controlled equally by both shareholders through joint ownership of all issued share capital.