Designrite Shopfitters Limited - Limited company - abbreviated - 11.0.0
Designrite Shopfitters Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31ST JANUARY 2014 |
| FOR |
| DESIGNRITE SHOPFITTERS LIMITED |
| DESIGNRITE SHOPFITTERS LIMITED (REGISTERED NUMBER: 01242374) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31ST JANUARY 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| DESIGNRITE SHOPFITTERS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST JANUARY 2014 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| DESIGNRITE SHOPFITTERS LIMITED (REGISTERED NUMBER: 01242374) |
| ABBREVIATED BALANCE SHEET |
| 31ST JANUARY 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the director on |
| DESIGNRITE SHOPFITTERS LIMITED (REGISTERED NUMBER: 01242374) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31ST JANUARY 2014 |
| 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). |
| Exemption from preparing a cash flow statement |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
| small company. |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts |
| where turnover is recognised when the company obtains the right to consideration. |
| Tangible fixed assets |
| Improvements to property | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. Deferred tax assets are recognised when the director considers it reasonable that the assets will be |
| recovered. |
| 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. |
| Accrued income |
| Accrued income represents amounts of unbilled work, less anticipated realisation costs, where the Company has |
| the right to consideration, as required under UITF Abstract 40. |
| Bad debts |
| Provision is made for bad debts on sales invoices not settled within six months of issue unless there is a specific |
| agreement for an extended period. If the invoice is subsequently paid, the original provision is revised to take |
| account of this. |
| Provisions |
| Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the |
| Balance Sheet date and that a payment will be required in settlement that can be reliably estimated. |
| DESIGNRITE SHOPFITTERS LIMITED (REGISTERED NUMBER: 01242374) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31ST JANUARY 2014 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st February 2013 |
| and 31st January 2014 |
| DEPRECIATION |
| At 1st February 2013 |
| Charge for year |
| At 31st January 2014 |
| NET BOOK VALUE |
| At 31st January 2014 |
| At 31st January 2013 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |
| 4. | DIRECTOR'S ADVANCES AND CREDITS |
| The following advances and credits to a director subsisted during the years ended 31st January 2014 and |
| 31st January 2013: |
| 2014 | 2013 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| This loan is subject to interest of 4% per annum and this amounted to £838 for the year. This loan was repaid in |
| April 2014. |
| 5. | ULTIMATE CONTROLLING PARTY |
| The controlling party is |