Company Registration No. 1339448 (England and Wales)
EMBLEM FURNITURE LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
EMBLEM FURNITURE LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
EMBLEM FURNITURE LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
13,327
15,284
Current assets
Stocks
49,282
49,282
Debtors
82,488
52,019
Cash at bank and in hand
30,223
20,760
161,993
122,061
Creditors: amounts falling due within one year
(162,340)
(182,922)
Net current liabilities
(347)
(60,861)
Total assets less current liabilities
12,980
(45,577)
Capital and reserves
Called up share capital
3
1,200
1,200
Profit and loss account
11,780
(46,777)
Shareholders' funds
12,980
(45,577)
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.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 18 January 2017
B W Lown
Director
Company Registration No. 1339448
EMBLEM FURNITURE LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
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 amounts receivable for goods and services net of VAT and trade discounts.
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
20% flat rate
Motor vehicles
20% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
59,433
Additions
1,375
At 31 March 2016
60,808
Depreciation
At 1 April 2015
44,149
Charge for the year
3,332
At 31 March 2016
47,481
Net book value
At 31 March 2016
13,327
At 31 March 2015
15,284
EMBLEM FURNITURE LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
612 A Ordinary shares of £1 each
612
612
588 B Ordinary shares of £1 each
588
588
1,200
1,200
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