The Full Effect Interiors Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07717641 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

1 JANUARY 2015 TO 30 SEPTEMBER 2015

FOR

THE FULL EFFECT INTERIORS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Ms M Beck-Wagner

REGISTERED OFFICE:

c/o The Beck Group

2nd Floor Berkeley Square House

Berkeley Square

London

W1J 6BD

REGISTERED NUMBER:

07717641 (England and Wales)

ACCOUNTANTS:

Hilton Sharp & Clarke

30 New Road

Brighton

East Sussex

BN1 1BN

FIXED ASSETS

Tangible assets

2

3,210

4,082

CURRENT ASSETS

Stocks

27,983

33,692

Debtors

4,331

74,253

Cash at bank

-

1,532

32,314

109,477

CREDITORS

Amounts falling due within one year

(45,570

)

(116,715

)

NET CURRENT LIABILITIES

(13,256

)

(7,238

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,046

)

(3,156

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

(10,047

)

(3,157

)

SHAREHOLDERS' FUNDS

(10,046

)

(3,156

)

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

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

The director acknowledges her 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 28 June 2016 and were signed by:

Ms M Beck-Wagner - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on a going concern basis as the director has given their consent to support the company for

the next 12 months.

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 January 2015).

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 the cost less estimated residual value of each asset over its estimated useful life.

Short leasehold

-

over the term of the lease

Fixtures and fittings

-

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 30 September 2015

8,674

DEPRECIATION

At 1 January 2015

4,592

Charge for period

872

At 30 September 2015

5,464

NET BOOK VALUE

At 30 September 2015

3,210

At 31 December 2014

4,082

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

£1

1