FINE FURNISHINGS (SUSSEX) LTD - Abbreviated accounts 16.1

REGISTERED NUMBER: 08767609 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

FINE FURNISHINGS (SUSSEX) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A Walters

Mrs I Walters

SECRETARY:

A Walters

REGISTERED OFFICE:

Unit 5, Lindfield Enterprise Park

Lewes Road

Lindfield

West Sussex

RH16 2LX

REGISTERED NUMBER:

08767609 (England and Wales)

ACCOUNTANTS:

Bentleys Accounting Limited

Suite 6, 141/143 South Road

Haywards Heath

West Sussex

RH16 4LZ

FIXED ASSETS

Tangible assets

2

10,409

13,694

CURRENT ASSETS

Stocks

7,650

6,650

Debtors

2,298

14,897

Cash at bank

63,999

74,837

73,947

96,384

CREDITORS

Amounts falling due within one year

52,912

92,818

NET CURRENT ASSETS

21,035

3,566

TOTAL ASSETS LESS CURRENT
LIABILITIES

31,444

17,260

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

31,344

17,160

SHAREHOLDERS' FUNDS

31,444

17,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

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

A Walters - 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 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

18,167

Additions

107

At 31 March 2016

18,274

DEPRECIATION

At 1 April 2015

4,473

Charge for year

3,392

At 31 March 2016

7,865

NET BOOK VALUE

At 31 March 2016

10,409

At 31 March 2015

13,694

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100