Alltype Interiors Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 04259950 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

FOR

ALLTYPE INTERIORS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D A Scott

W A Scott

SECRETARY:

D A Scott

REGISTERED OFFICE:

2 Coppins Lane

Borden

Sittingbourne

Kent

ME9 8JG

REGISTERED NUMBER:

04259950 (England and Wales)

ACCOUNTANTS:

Williams Giles Limited

Chartered Accountants

12 Conqueror Court

Sittingbourne

Kent

ME10 5BH

FIXED ASSETS

Tangible assets

2

23,536

12,179

CURRENT ASSETS

Stocks

11,000

22,000

Debtors

151,809

84,869

Cash at bank and in hand

8,319

229

171,128

107,098

CREDITORS

Amounts falling due within one year

154,980

98,920

NET CURRENT ASSETS

16,148

8,178

TOTAL ASSETS LESS CURRENT
LIABILITIES

39,684

20,357

CREDITORS

Amounts falling due after more than one
year

13,974

6,377

NET ASSETS

25,710

13,980

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

25,708

13,978

SHAREHOLDERS' FUNDS

25,710

13,980

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 3 February 2017 and were signed on its behalf by:

W A Scott - 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

32,977

Additions

17,306

Disposals

(4,500

)

At 31 July 2016

45,783

DEPRECIATION

At 1 August 2015

20,798

Charge for year

4,527

Eliminated on disposal

(3,078

)

At 31 July 2016

22,247

NET BOOK VALUE

At 31 July 2016

23,536

At 31 July 2015

12,179

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2