Abbreviated Company Accounts - EXCLUSIV FITTED INTERIORS LIMITED

EXCLUSIV FITTED INTERIORS LIMITED - Company Information

Registered Number NI026850

EXCLUSIV FITTED INTERIORS LIMITED

Abbreviated Accounts

31 December 2015

EXCLUSIV FITTED INTERIORS LIMITED Registered Number NI026850

Abbreviated Balance Sheet as at 31 December 2015

	Notes	31/12/2015	30/06/2014
		£	£
Fixed assets
Intangible assets	2	63,898	76,677
Tangible assets	3	1,146	1,637
		65,044	78,314
Current assets
Cash at bank and in hand		179,040	19,944
		179,040	19,944
Prepayments and accrued income		-	19,597
Creditors: amounts falling due within one year		(136,189)	(87,436)
Net current assets (liabilities)		42,851	(47,895)
Total assets less current liabilities		107,895	30,419
Provisions for liabilities		(229)	-
Total net assets (liabilities)		107,666	30,419
Capital and reserves
Called up share capital		100	100
Profit and loss account		107,566	30,319
Shareholders' funds		107,666	30,419

For the year ending 31 December 2015 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 29 September 2016

And signed on their behalf by:
Charles Logue, Director

EXCLUSIV FITTED INTERIORS LIMITED Registered Number NI026850

Notes to the Abbreviated Accounts for the period ended 31 December 2015

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 January 2015.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year..

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: Plant and machinery - 20% reducing balance; Fixtures, fittings and equipment - 20% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of
20 years.

Other accounting policies
Provision is made for deferred taxation using the liability method to take account of timing differences between the incidence of income and expenditure for taxation and accounting purposes.

2Intangible fixed assets

	£
Cost
At 1 July 2014	170,388
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	170,388
Amortisation
At 1 July 2014	93,711
Charge for the year	12,779
On disposals	-
At 31 December 2015	106,490
Net book values
At 31 December 2015	63,898
At 30 June 2014	76,677

3Tangible fixed assets

	£
Cost
At 1 July 2014	7,410
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	7,410
Depreciation
At 1 July 2014	5,773
Charge for the year	491
On disposals	-
At 31 December 2015	6,264
Net book values
At 31 December 2015	1,146
At 30 June 2014	1,637