Abbreviated Company Accounts - ARTEFACT INTERIORS LIMITED

Abbreviated Company Accounts - ARTEFACT INTERIORS LIMITED

ARTEFACT INTERIORS LIMITED - Company Information

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Registered Number 05920128

ARTEFACT INTERIORS LIMITED

Abbreviated Accounts

30 June 2016

ARTEFACT INTERIORS LIMITED Registered Number 05920128

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 20,249 512
20,249 512
Current assets
Stocks 12,746 12,746
Debtors 257 212
Cash at bank and in hand 3,019 2,277
16,022 15,235
Creditors: amounts falling due within one year (1,200) (1,200)
Net current assets (liabilities) 14,822 14,035
Total assets less current liabilities 35,071 14,547
Creditors: amounts falling due after more than one year (166,788) (132,504)
Total net assets (liabilities) (131,717) (117,957)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (132,717) (118,957)
Shareholders' funds (131,717) (117,957)
  • For the year ending 30 June 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 28 March 2017

And signed on their behalf by:
W T W PANG, Director

ARTEFACT INTERIORS LIMITED Registered Number 05920128

Notes to the Abbreviated Accounts for the period ended 30 June 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 net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Plant and machinery etc - 20% on reducing balance

2Tangible fixed assets
£
Cost
At 1 July 2015 1,763
Additions 24,799
Disposals -
Revaluations -
Transfers -
At 30 June 2016 26,562
Depreciation
At 1 July 2015 1,251
Charge for the year 5,062
On disposals -
At 30 June 2016 6,313
Net book values
At 30 June 2016 20,249
At 30 June 2015 512