ukhomeinteriors limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03798096 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2018

FOR

UKHOMEINTERIORS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D J Lee

SECRETARY:

Mr D J Lee

REGISTERED OFFICE:

27 Woodbridge Road

Moseley

BIRMINGHAM

B13 8EH

REGISTERED NUMBER:

03798096 (England and Wales)

ACCOUNTANTS:

Michael Heaven & Associates Limited

Chartered Certified Accountants

47 Calthorpe Road

Edgbaston

BIRMINGHAM

B15 1TH

INCORPORATED ON:

29th June 1999

FIXED ASSETS

Tangible assets

4

12,694

675

CURRENT ASSETS

Debtors

2,415

7,075

Cash at bank and in hand

105,903

104,668

108,318

111,743

CREDITORS

Amounts falling due within one year

79,779

97,730

NET CURRENT ASSETS

28,539

14,013

TOTAL ASSETS LESS CURRENT LIABILITIES

41,233

14,688

PROVISIONS FOR LIABILITIES

2,157

114

NET ASSETS

39,076

14,574

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

38,976

14,474

SHAREHOLDERS' FUNDS

39,076

14,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th June 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 17th September 2018 and were signed by:

Mr D J Lee - Director

1.	STATUTORY INFORMATION

ukhomeinteriors 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 sales of goods net of VAT and trade discounts. Turnover is recognised when the goods

are physically delivered to the customer.

Tangible fixed assets

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

useful life.

Website development - 20% cost

Fixtures and fittings - 20% cost

Computer equipment - 20% cost

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.

Pension costs and other post-retirement benefits

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

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

Operating lease commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st July 2017

2,830

Additions

15,625

At 30th June 2018

18,455

DEPRECIATION

At 1st July 2017

2,155

Charge for year

3,606

At 30th June 2018

5,761

NET BOOK VALUE

At 30th June 2018

12,694

At 30th June 2017

675

5.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

9,000

9,000

Between one and five years

9,000

18,000

18,000

27,000

The total lease payments recognised as an expense during the year were £9,000.