E.A.S. Interiors Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03143816 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

E.A.S. INTERIORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Gosbee

Mrs FS Gosbee

G E A P Gosbee

Mrs S F Rennison

SECRETARY:

Mrs FS Gosbee

REGISTERED OFFICE:

5 White Oak Square

London Road

Swanley

Kent

BR8 7AG

REGISTERED NUMBER:

03143816 (England and Wales)

ACCOUNTANTS:

Sargeant Partnership

Chartered Accountants

5 White Oak Square

London Road

Swanley

Kent

BR8 7AG

FIXED ASSETS

Tangible assets

4

10,997

12,575

CURRENT ASSETS

Debtors

5

149,034

100,521

Cash at bank and in hand

260,496

363,104

409,530

463,625

CREDITORS

Amounts falling due within one year

6

76,732

112,386

NET CURRENT ASSETS

332,798

351,239

TOTAL ASSETS LESS CURRENT LIABILITIES

343,795

363,814

PROVISIONS FOR LIABILITIES

7

2,199

2,515

NET ASSETS

341,596

361,299

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

341,594

361,297

SHAREHOLDERS' FUNDS

341,596

361,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 13 December 2017 and were signed on its behalf by:

Mrs FS Gosbee - Director

1.	STATUTORY INFORMATION

E.A.S. Interiors Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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

-

15% per annum on reducing balance

Fixtures and fittings

-

15% per annum on reducing balance

Motor vehicles

-

25% per annum on reducing balance

Computer equipment

-

33% per annum on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2016

20,821

14,280

28,870

15,082

79,053

Additions

-

-

-

2,204

2,204

At 31 March 2017

20,821

14,280

28,870

17,286

81,257

DEPRECIATION

At 1 April 2016

16,712

12,803

27,734

9,229

66,478

Charge for year

617

222

284

2,659

3,782

At 31 March 2017

17,329

13,025

28,018

11,888

70,260

NET BOOK VALUE

At 31 March 2017

3,492

1,255

852

5,398

10,997

At 31 March 2016

4,109

1,477

1,136

5,853

12,575

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

128,621

63,032

Other debtors

20,413

37,489

149,034

100,521

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

14,748

51,785

Taxation and social security

31,677

36,047

Other creditors

30,307

24,554

76,732

112,386

7.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

Accelerated capital allowances

2,199

2,515

Deferred

tax

£

Balance at 1 April 2016

2,515

Accelerated capital allowances

(316

)

Balance at 31 March 2017

2,199

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

200

Ordinary 1p

1p

2

2

On 12 October 2015 the company converted its issued share capital of 2 ordinary shares of £1 each to 200

ordinary shares of 1p each.

9.

RESERVES

Retained

earnings

£

At 1 April 2016

361,297

Deficit for the year

(3,203

)

Dividends

(16,500

)

At 31 March 2017

341,594

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors received dividends as shareholders during the year of £16,500 (2016: £61,000.)

During the year the company paid vehicle, equipment, and office hire charges of £67,000 (2016: £59,833) to

EAS Electrical and Data Installations, a business owned by P Gosbee and G Gosbee.

11.	RELATED PARTY DISCLOSURES

During the year the company paid £20,149 (2016: £57,875) to subcontractor R Collins who is related to P

Gosbee and Mrs F S Gosbee.