CLIFTON INTERIORS LIMITED

CLIFTON INTERIORS LIMITED

CLIFTON INTERIORS LIMITED - Company Information

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CLIFTON INTERIORS LIMITED

Company Registration Number:
01998506 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2017

Period of accounts

Start date: 01 January 2017

End date: 31 December 2017

CLIFTON INTERIORS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2017

Balance sheet
Notes

CLIFTON INTERIORS LIMITED

Balance sheet

As at 31 December 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 2,704 3,642
Total fixed assets: 2,704 3,642
Current assets
Stocks: 10,000 10,000
Debtors:   14,447 38,203
Cash at bank and in hand: 65,253 30,905
Total current assets: 89,700 79,108
Creditors: amounts falling due within one year: 4 (87,515) (80,052)
Net current assets (liabilities): 2,185 (944)
Total assets less current liabilities: 4,889 2,698
Total net assets (liabilities): 4,889 2,698
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 4,887 2,696
Shareholders funds: 4,889 2,698

The notes form part of these financial statements

CLIFTON INTERIORS LIMITED

Balance sheet statements

For the year ending 31 December 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 September 2018
and signed on behalf of the board by:

Name: R Winston
Status: Director

The notes form part of these financial statements

CLIFTON INTERIORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

CLIFTON INTERIORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

2. Employees

2017 2016
Average number of employees during the period 3 3

CLIFTON INTERIORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

3. Tangible Assets

Total
Cost £
At 01 January 2017 81,239
Additions 414
At 31 December 2017 81,653
Depreciation
At 01 January 2017 77,597
Charge for year 1,352
At 31 December 2017 78,949
Net book value
At 31 December 2017 2,704
At 31 December 2016 3,642

CLIFTON INTERIORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

4. Creditors: amounts falling due within one year note

Trade creditors £50,634Taxation £34,631Other creditors £2,250