Abbreviated Company Accounts - COMPLETE OFFICE FURNITURE (UK) LIMITED

COMPLETE OFFICE FURNITURE (UK) LIMITED - Company Information

03553260 COMPLETE OFFICE FURNITURE (UK) LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true 03553260 2015-06-01 2016-05-31 03553260 2016-05-31 03553260 2015-05-31 03553260 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 03553260 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-05-31 iso4217:GBP shares

Registered Number 03553260

COMPLETE OFFICE FURNITURE (UK) LIMITED

Abbreviated Accounts

31 May 2016

COMPLETE OFFICE FURNITURE (UK) LIMITED Registered Number 03553260

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	81,602	49,944
Investments	3	-	8,000
		81,602	57,944
Current assets
Stocks		42,860	90,378
Debtors	4	158,560	234,633
Cash at bank and in hand		44,659	13,601
		246,079	338,612
Prepayments and accrued income		44,920	12,855
Creditors: amounts falling due within one year	5	(256,150)	(284,196)
Net current assets (liabilities)		34,849	67,271
Total assets less current liabilities		116,451	125,215
Creditors: amounts falling due after more than one year	5	(21,000)	(3,686)
Provisions for liabilities		(13,976)	(5,300)
Total net assets (liabilities)		81,475	116,229
Capital and reserves
Called up share capital	6	1,000	1,000
Profit and loss account		80,475	115,229
Shareholders' funds		81,475	116,229

For the year ending 31 May 2016 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 20 January 2017

And signed on their behalf by:
Trevor White, Director
None, Director

COMPLETE OFFICE FURNITURE (UK) LIMITED Registered Number 03553260

Notes to the Abbreviated Accounts for the period ended 31 May 2016

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 April 2008.

Turnover policy
Turnover represents the amounts, excluding value added tax derived from the provision of goods and services to customers during the year.

Tangible assets depreciation policy
Depreciation is provided to write off the cost or valuation less the estimated residual value of its tangible fixed assets by equal annual instalments over their useful economic lives:
Leasehold property Straight line over the term of the lease
Plant and machinery 20% on cost
Motor vehicles 25% on cost

Intangible assets amortisation policy
None

Valuation information and policy
None

Other accounting policies
Foreign currencies
All transactions in foreign currencies are recorded at the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date and gains or losses on translation are included in the profit and loss account.

Leasing and hire purchase commitments
Assets obtained under hire purchase contracts or finance leases are capitalized in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. All other leases are accounted for as operating leases and the rental charges are charged to the profit and loss account on a straight line basis over the term of the lease.
Deferred Taxation
Provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.

2Tangible fixed assets

	£
Cost
At 1 June 2015	108,052
Additions	52,487
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	160,539
Depreciation
At 1 June 2015	58,108
Charge for the year	20,829
On disposals	-
At 31 May 2016	78,937
Net book values
At 31 May 2016	81,602
At 31 May 2015	49,944

3Fixed assets Investments
Fixed Asset Investments relates to a classic motor vehicle, which was acquired in April 2015 for £8,000 and sold during 2015-16.

4Debtors

	2016 £	2015 £
Debtors include the following amounts due after more than one year	0	0

None

5Creditors

	2016 £	2015 £
Instalment debts due after 5 years	1	1

6Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000
1,000 Ordinary shares of £1 each	1,000	1,000