Krista Isosomppi Interiors Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05340414

Abbreviated Accounts for the Year Ended 30 April 2016

for

KRISTA ISOSOMPPI INTERIORS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs K Isosomppi

SECRETARY:

Mr K Isosomppi

REGISTERED OFFICE:

Flat 8

12 Strathray Gardens

London

NW3 4NY

REGISTERED NUMBER:

05340414

ACCOUNTANTS:

THB LLP

1 & 2 Studley Court Mews

Studley Court

Guildford Road

Chobham

Surrey

GU24 8EB

FIXED ASSETS

Tangible assets

2

47

63

CURRENT ASSETS

Stocks

210,000

169,091

Cash at bank

9,351

-

219,351

169,091

CREDITORS

Amounts falling due within one year

257,139

213,491

NET CURRENT LIABILITIES

(37,788

)

(44,400

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(37,741

)

(44,337

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

(37,743

)

(44,339

)

SHAREHOLDERS' FUNDS

(37,741

)

(44,337

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 30 January 2017 and were signed by:

Mrs K Isosomppi - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where

turnover is recognised when the company obtains the right to consideration.

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 etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Going concern

The financial statements have been prepared on a going concern basis. The net liabilities of the company are expected to

substantially reduce in the upcoming year. The director does not plan to withdraw monies owed to her until the company

is solvent.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

822

DEPRECIATION

At 1 May 2015

759

Charge for year

16

At 30 April 2016

775

NET BOOK VALUE

At 30 April 2016

47

At 30 April 2015

63

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

2

Ordinary shares

£1

2