London Shopfitters Limited
|
For the year ended 31 October 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03118973
London Shopfitters Limited
For the year ended 31 October 2015
1
Accountant's Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
London Shopfitters Limited
Accountant's Report
For the year ended 31 October 2015
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
|
ended
31
October
2015
and you consider that the company is exempt from an audit under the Companies Act
|
2006
.
|
In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist you
|
to fulfil your statutory responsibilities
,
from the accounting records and information and explanations supplied to us
.
|
London Accountancy Limited
Incorporated Financial Accountants
41 Highwood Gardens
Ilford
Essex
IG5 0AZ
26 February 2016
1 of 4
Abbreviated Balance Sheet
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London Shopfitters Limited
2015
2014
2
246,640
146,054
246,640
146,054
65,800
97,300
219,498
379,453
357,702
594,984
834,455
880,282
Creditors
:
amounts falling due within one year
|
(391,498)
(324,378)
488,784
510,077
Net current assets
Total assets less current liabilities
|
756,717
634,838
Creditors
:
amounts falling due after more than one year
|
(4,295)
(29,369)
727,348
Net assets
630,543
9
3
9
2
2
727,337
630,532
727,348
630,543
Shareholders funds
For the year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
|
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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Date approved by the board: 26 February 2016
|
Mr Gurdip Singh Toot Director
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Signed on behalf of the board of directors
|
2 of 4
Notes to the Abbreviated Financial Statements
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London Shopfitters Limited
For the year ended 31 October 2015
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
|
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Land and Buildings
Plant and Machinery
Motor Vehicles
Fixtures and Fittings
Assets on finance lease and hire purchase
|
Assets held under finance lease or hire purchase contracts i
.
e
.
those contracts where substantially all the risks and
|
rewards of ownership have passed to the company
,
are included in the appropriate category of tangible fixed assets
|
and depreciated over the shorter of the lease term and their estimated expected useful lives
.
|
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods
.
|
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
3 of 4
Notes to the Abbreviated Financial Statements
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London Shopfitters Limited
For the year ended 31 October 2015
415,025
177,816
(56,597)
536,244
268,971
(36,989)
57,622
Charge for year
289,604
246,640
146,054
Allotted called up and fully paid
|
2015
2014
9
Class A shares of £
1
.
00
each
|
9
9
9
9
4 of 4