Furniture Interior Limited - Accounts to registrar (filleted) - small 18.2

Furniture Interior Limited - Accounts to registrar (filleted) - small 18.2

SEASON COOKSHOP LIMITED - Company Information

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REGISTERED NUMBER: 05591282 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2018

FOR

FURNITURE INTERIOR LIMITED
FURNITURE INTERIOR LIMITED (REGISTERED NUMBER: 05591282)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FURNITURE INTERIOR LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2018







DIRECTORS: Mr J Elsdale
Mr J M Moran





SECRETARY: Mr B S Elsdale





REGISTERED OFFICE: 166 West End Lane
London
NW6 1SD





REGISTERED NUMBER: 05591282 (England and Wales)





ACCOUNTANTS: ADJ Business Solutions Limited
1 Coldbath Square
London
EC1R 2EA
Page 1
FURNITURE INTERIOR LIMITED (REGISTERED NUMBER: 05591282)

BALANCE SHEET
31 January 2018

31.1.18 31.1.17
Notes £    £   
FIXED ASSETS
Tangible assets 4 27,075 29,344

CURRENT ASSETS
Stocks 125,754 169,480
Debtors 5 58,515 59,766
Cash at bank 60,959 33,233
245,228 262,479
CREDITORS
Amounts falling due within one year 6 (202,157 ) (211,192 )
NET CURRENT ASSETS 43,071 51,287
TOTAL ASSETS LESS CURRENT
LIABILITIES
70,146
80,631

CREDITORS
Amounts falling due after more than one
year
7
(18,334
)
(28,336
)

PROVISIONS FOR LIABILITIES (5,188 ) (5,846 )
NET ASSETS 46,624 46,449

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 46,524 46,349
SHAREHOLDERS' FUNDS 46,624 46,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 notes form part of these financial statements

Page 2 continued...
FURNITURE INTERIOR LIMITED (REGISTERED NUMBER: 05591282)

BALANCE SHEET - continued
31 January 2018


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 23 October 2018 and were signed on its behalf by:




Mr J M Moran - Director



Mr J Elsdale - Director


The notes form part of these financial statements

Page 3
FURNITURE INTERIOR LIMITED (REGISTERED NUMBER: 05591282)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2018

1. STATUTORY INFORMATION

Furniture Interior 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 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.
Plant and machinery etc - 33% on reducing balance, 15% on reducing balance and in accordance with the property

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

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Page 4 continued...
FURNITURE INTERIOR LIMITED (REGISTERED NUMBER: 05591282)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2018

2. ACCOUNTING POLICIES - continued

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 profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

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 20 (2017 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2017 56,122
Additions 3,427
At 31 January 2018 59,549
DEPRECIATION
At 1 February 2017 26,778
Charge for year 5,696
At 31 January 2018 32,474
NET BOOK VALUE
At 31 January 2018 27,075
At 31 January 2017 29,344

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 31.1.17
£    £   
Trade debtors 33,128 10,776
Other debtors 25,387 48,990
58,515 59,766

Page 5 continued...
FURNITURE INTERIOR LIMITED (REGISTERED NUMBER: 05591282)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 31.1.17
£    £   
Hire purchase contracts - 4,911
Trade creditors 68,692 51,522
Taxation and social security 25,427 43,602
Other creditors 108,038 111,157
202,157 211,192

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.18 31.1.17
£    £   
Other creditors 18,334 28,336

Page 6