Onske Interiors Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08945211

Unaudited Financial Statements

for the Year Ended 28 February 2018

for

ONSKE INTERIORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms M Murphy

Ms S Foley

REGISTERED OFFICE:

71-75 Shelton Street

Covent Garden

London

WC2H 9JQ

REGISTERED NUMBER:

08945211

ACCOUNTANTS:

Thomas Christopher & Co

44 Orange Row

Brighton

East Sussex

BN1 1UQ

FIXED ASSETS

Intangible assets

4

-

800

Tangible assets

5

1,264

92

1,264

892

CURRENT ASSETS

Stocks

36,446

13,000

Debtors

6

13,780

10,188

Cash at bank

42,771

43,202

92,997

66,390

CREDITORS

Amounts falling due within one year

7

85,522

65,197

NET CURRENT ASSETS

7,475

1,193

TOTAL ASSETS LESS CURRENT LIABILITIES

8,739

2,085

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

8,737

2,083

8,739

2,085

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 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 28 November 2018 and were signed on its behalf by:

Ms M Murphy - Director

1.	STATUTORY INFORMATION

Onske Interiors Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

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 cost

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 March 2017

and 28 February 2018

3,200

AMORTISATION

At 1 March 2017

2,400

Charge for year

800

At 28 February 2018

3,200

NET BOOK VALUE

At 28 February 2018

-

At 28 February 2017

800

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2017

1,026

Additions

1,436

At 28 February 2018

2,462

DEPRECIATION

At 1 March 2017

934

Charge for year

264

At 28 February 2018

1,198

NET BOOK VALUE

At 28 February 2018

1,264

At 28 February 2017

92

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Trade debtors

5,970

5,494

Other debtors

7,810

4,694

13,780

10,188

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Trade creditors

11,306

9,767

Other creditors

28,340

17,888

Tax

3,504

10

Social security and other taxes

801

-

VAT

4,202

9,651

Directors' loan accounts

35,669

26,581

Accrued expenses

1,700

1,300

85,522

65,197