Intelligent_Interiors_Lim - Accounts

INTELLIGENT INTERIORS LIMITED - Company Information

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Company Registration No. 04144529 (England and Wales)

Intelligent Interiors Limited

Unaudited Abbreviated Financial Statements

For The Year Ended 31 March 2016

Intelligent Interiors Limited

Contents

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

Intelligent Interiors Limited

Abbreviated Balance Sheet

As At 31 March 2016

Page 1

2016

2015

Notes

Fixed assets

Tangible assets

6,974

5,059

Current assets

Stocks

2,950

3,500

Debtors

17,804

55,676

Investments

10,000

Cash at bank and in hand

26,417

22,341

57,171

81,517

Creditors: amounts falling due within one year

(27,305)

(24,466)

Net current assets

29,866

57,051

Total assets less current liabilities

36,840

62,110

Capital and reserves

Called up share capital

100

Profit and loss account

36,740

62,010

Shareholder's funds

36,840

62,110

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 December 2016

Mr P J D Tuffey

Director

Company Registration No. 04144529

Intelligent Interiors Limited

Notes To The Abbreviated Accounts

For The Year Ended 31 March 2016

Page 2

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of consideration due.

Where a contract has only been partially completed at balance sheet date turnover represents the value of service provided to date based on a proportion of the total expected consideration at completion.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

1.5

Investments

Current asset investments are stated at the lower of cost and net realisable value.

Fixed assets

Tangible assets

Cost

At 1 April 2015

49,309

Additions

3,543

At 31 March 2016

52,852

Depreciation

At 1 April 2015

44,250

Charge for the year

1,628

At 31 March 2016

45,878

Net book value

At 31 March 2016

6,974

At 31 March 2015

5,059

Intelligent Interiors Limited

Notes To The Abbreviated Accounts (Continued)

For The Year Ended 31 March 2016

Page 3

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100