The Decorators Mate Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03930187 (England and Wales)

The Decorators Mate Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

Mr A A Elliott-Shorey

SECRETARY:

Mr A A Elliott-Shorey

REGISTERED OFFICE:

76-80 Streatham Hill

London

SW2 4RD

REGISTERED NUMBER:

03930187 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

237 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to

seven) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of The Decorators Mate Limited for the year ended 31 March 2014 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of The Decorators Mate Limited in accordance with our terms of engagement.

Our work has been undertaken solely to prepare for your approval the financial statements of The Decorators Mate

Limited and state those matters that we have agreed to state to the director of The Decorators Mate Limited in this

report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we

do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that The Decorators Mate Limited has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The

Decorators Mate Limited. You consider that The Decorators Mate Limited is exempt from the statutory audit

requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Decorators Mate

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information

and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial

statements.

Alton & Co

Chartered Accountants

237 Kennington Lane

London

SE11 5QU

4 October 2014

FIXED ASSETS

Tangible assets

2

6,004

5,944

Investments

3

1

-

6,005

5,944

CURRENT ASSETS

Stocks

186,289

174,374

Debtors

36,057

32,688

Cash at bank and in hand

659,651

582,592

881,997

789,654

CREDITORS

Amounts falling due within one year

182,330

183,709

NET CURRENT ASSETS

699,667

605,945

TOTAL ASSETS LESS CURRENT LIABILITIES

705,672

611,889

PROVISIONS FOR LIABILITIES

154

-

NET ASSETS

705,518

611,889

CAPITAL AND RESERVES

Called up share capital

4

350

350

Profit and loss account

705,168

611,539

SHAREHOLDERS' FUNDS

705,518

611,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 3 October 2014 and were signed by:

Mr A A Elliott-Shorey - 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).

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.

Turnover is generated from the ordinary activities of the business and is recognised when the customer takes

delivery of the goods.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% 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.

Cost is determined on a first in first out basis. Net realisable value represents selling price less any cost to sell.

Provision is made for slow moving items where the net realisable value is less than costs.

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.

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 2013

47,506

Additions

1,715

At 31 March 2014

49,221

DEPRECIATION

At 1 April 2013

41,562

Charge for year

1,655

At 31 March 2014

43,217

NET BOOK VALUE

At 31 March 2014

6,004

At 31 March 2013

5,944

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

1

At 31 March 2014

1

NET BOOK VALUE

At 31 March 2014

1

The company's investments at the balance sheet date in the share capital of companies include the following:

ESPG Ltd

Nature of business: Buying and selling of own real estate.

%

Class of shares:

holding

Ordinary

100.00

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

350

Ordinary

£1

350

350