HOUSE OF FURNITURE (UK) LTD - Accounts 2014

HOUSE OF FURNITURE (UK) LTD - Accounts 2014

HOUSE OF FURNITURE (UK) LTD - Company Information

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  HOUSE OF FURNITURE (UK) LTD
         
         
  ABBREVIATED UNAUDITED ACCOUNTS
         
         
  FOR THE YEAR ENDED 31 JANUARY 2014
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
  INDEX TO THE ACCOUNTS
         
 
         
  Pages
         
  1 Abbreviated Balance Sheet    
         
  2-3 Notes to the Abbreviated Accounts    
         
 
         
         
     
     
     
     
     
     
     
     
     
     
     
  HOUSE OF FURNITURE (UK) LTD
  Company registered number: 07483884
  ABBREVIATED BALANCE SHEET
  AT 31 January 2014
           
    Note   2014 2013
      £ £ £
  FIXED ASSETS
  Tangible Assets 2   383 102
         
  CURRENT ASSETS
  Stock 1c 4,252   5,085
  Debtors falling due within one year   -   -
  Cash at bank and in hand   6,696   4,313
      10,948   9,398
  CREDITORS: Amounts falling due within one year   32,097   24,391
  NET CURRENT LIABILITIES   (21,149) (14,993)
  NET LIABILITIES     (£20,766) (£14,891)
       
  CAPITAL AND RESERVES
  Profit and loss account     (20,766) (14,891)
  SHAREHOLDERS' FUNDS     (£20,766) (£14,891)
       
         
  In approving these financial statements as directors of the company we hereby confirm the following:
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
         
  Directors' responsibilities:
  1) The members have not required the company to obtain an audit for its accounts for the year in question in accordance with section 476,
  2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
         
  The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
         
  These abbreviated accounts were approved by the board of directors on 15 October 2014
 
 
         
  N Waqar , Director
   
  The notes on pages 2 to 3 form part of these accounts
  page 1
  NOTES TO THE ABBREVIATED ACCOUNTS
  FOR THE YEAR ENDED 31 JANUARY 2014
       
 
1. ACCOUNTING POLICIES
     
     
1a. Basis of accounting
     
  The financial statements have been prepared under the historical cost convention.
         
         
1b. Tangible fixed assets
         
  Fixed assets are shown at historical cost.
         
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
         
         
  Plant and machinery Reducing balance 25%    
  Vehicles Reducing balance 25%    
  Fixtures and fittings Reducing balance 15%    
  Equipment Reducing balance 15%    
       
       
1c. Stocks
       
  Stocks are stated at the lower of cost and net realisable value. Cost incurred in bringing each product to its present location and condition is based on purchase cost on a first-in, first-out basis, including transport.
       
       
1d. Taxation
       
  Corporation tax payable is provided on taxable profits at the current rate.
       
       
       
1e. Turnover
       
  Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.
  page 2
  HOUSE OF FURNITURE (UK) LTD
  NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 JANUARY 2014
       
       
2. TANGIBLE FIXED ASSETS 2014 2013
    £ £
  Cost
       
  At 01 February 2013 120 -
  Additions 349 120
  At 31 January 2014 469 120
   
  Depreciation
       
  At 01 February 2013 18 -
  For the year 68 18
  At 31 January 2014 86 18
   
  Net Book Amounts
       
  At 31 January 2014 £383 £102
   
       
       
3. SHARE CAPITAL 2014 2013
    £ £
  Allotted, issued and fully paid:
       
   
       
       
4. ULTIMATE PARENT COMPANY
       
  The company is a subsidiary undertaking of ... incorporated in ... registered in England and Wales.
       
       
5. RELATED PARTIES
       
  Directors' loans (eg debtors)
  Directors' material interests (eg tranactions with directors)
  Controlling parties.
  page 3