Abbreviated Company Accounts - KITCHEN & INTERIORS BY DAVID HARTILL LIMITED

KITCHEN & INTERIORS BY DAVID HARTILL LIMITED - Company Information

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Registered Number 07888495

KITCHEN & INTERIORS BY DAVID HARTILL LIMITED

Abbreviated Accounts

31 December 2013

KITCHEN & INTERIORS BY DAVID HARTILL LIMITED Registered Number 07888495

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	6,854	6,861
		6,854	6,861
Current assets
Stocks		15,781	5,470
Debtors		724	5,214
Cash at bank and in hand		7,845	22,682
		24,350	33,366
Creditors: amounts falling due within one year		(24,986)	(18,644)
Net current assets (liabilities)		(636)	14,722
Total assets less current liabilities		6,218	21,583
Total net assets (liabilities)		6,218	21,583
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		6,217	21,582
Shareholders' funds		6,218	21,583

For the year ending 31 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 September 2014

And signed on their behalf by:
Mr D W Hartill, Director

KITCHEN & INTERIORS BY DAVID HARTILL LIMITED Registered Number 07888495

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 15% straight line
Fixtures & Fittings - 15% straight line
Equipment - 33.33% straight line

Valuation information and policy
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Other accounting policies
Financial Instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

2Tangible fixed assets

	£
Cost
At 1 January 2013	8,284
Additions	1,666
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	9,950
Depreciation
At 1 January 2013	1,423
Charge for the year	1,673
On disposals	-
At 31 December 2013	3,096
Net book values
At 31 December 2013	6,854
At 31 December 2012	6,861

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
1 Ordinary shares of £1 each	1	1

4Transactions with directors

Name of director receiving advance or credit:	Mr D W Hartill
Description of the transaction:	The following loans to directors subsisted during the year ended 31st December 2013.
Balance at 1 January 2013:	£ 3,655
Advances or credits made:	-
Advances or credits repaid:	£ 3,655
Balance at 31 December 2013:	£ 0

Name of director receiving advance or credit:	Mr D W Hartill
Description of the transaction:	The following loans from directors subsisted during the year ended 31st December 2013.
Balance at 1 January 2013:	-
Advances or credits made:	£ 8,976
Advances or credits repaid:	£ 7,055
Balance at 31 December 2013:	£ 1,921

Interest has been charged on the loan at a rate of 4% and is repayable upon demand.