Louise Jones Interiors Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04197042 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2017

for

Louise Jones Interiors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms L E Jones

REGISTERED OFFICE:

1st Floor

314 Regents Park Road

Finchley

London

N3 2LT

REGISTERED NUMBER:

04197042 (England and Wales)

ACCOUNTANTS:

Wolfson Associates Limited

1st Floor

314 Regents Park Road

Finchley

London

N3 2LT

FIXED ASSETS

Property, plant and equipment

4

78,347

33,495

CURRENT ASSETS

Inventories

5

48,905

30,508

Debtors

6

232,467

495,777

Cash at bank and in hand

63,259

86,830

344,631

613,115

CREDITORS

Amounts falling due within one year

7

400,851

634,418

NET CURRENT LIABILITIES

(56,220

)

(21,303

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22,127

12,192

CREDITORS

Amounts falling due after more than one year

8

-

(5,286

)

PROVISIONS FOR LIABILITIES

(8,187

)

(6,699

)

NET ASSETS

13,940

207

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

13,938

205

SHAREHOLDERS' FUNDS

13,940

207

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 3 August 2018 and were signed by:

Ms L E Jones - Director

1.	STATUTORY INFORMATION

Louise Jones 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Inventories 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

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 9 (2016 - 5 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2016

-

64,911

35,208

100,119

Additions

34,725

12,304

6,986

54,015

At 30 September 2017

34,725

77,215

42,194

154,134

DEPRECIATION

At 1 October 2016

-

36,888

29,736

66,624

Charge for year

-

6,049

3,114

9,163

At 30 September 2017

-

42,937

32,850

75,787

NET BOOK VALUE

At 30 September 2017

34,725

34,278

9,344

78,347

At 30 September 2016

-

28,023

5,472

33,495

5.	INVENTORIES

30.9.17

30.9.16

£

£

Stocks

48,905

30,508

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

172,908

133,681

Other debtors

43,333

50,337

Directors' current accounts

-

96,787

Tax

3,010

3,010

Prepayments and accrued income

13,216

211,962

232,467

495,777

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Hire purchase contracts

-

6,225

Trade creditors

174,616

391,842

Taxation and social security

178,610

101,551

Other creditors

47,625

134,800

400,851

634,418

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.17

30.9.16

£

£

Hire purchase contracts

-

5,286

9.	OTHER FINANCIAL COMMITMENTS

There is a fixed and floating charge over all the company's assets which was granted by the director in

favour of National Westminster Bank PLC.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 1st October 2016, the director's loan account was in a debit balance of £96,787. During the year the

director paid back £96,787 to the company. The director also paid company expense of £269. As a

result, the company owed £269 to the director.

11.	CONTROLLING INTEREST

The company is controlled by the director by virtue of her 100% shareholding.