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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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COMMERCIAL INTERIORS MANAGEMENT LTD |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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FOR |
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COMMERCIAL INTERIORS MANAGEMENT LTD |
COMMERCIAL INTERIORS MANAGEMENT LTD (REGISTERED NUMBER: 04804727) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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COMMERCIAL INTERIORS MANAGEMENT LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Kingfisher House |
11 Hoffmanns Way |
Chelmsford |
Essex |
CM1 1GU |
COMMERCIAL INTERIORS MANAGEMENT LTD (REGISTERED NUMBER: 04804727) |
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BALANCE SHEET |
28 FEBRUARY 2017 |
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28.2.17 | 29.2.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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COMMERCIAL INTERIORS MANAGEMENT LTD (REGISTERED NUMBER: 04804727) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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1. | STATUTORY INFORMATION |
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Commercial Interiors Management Ltd is a
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and Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales. Turnover is recognised on an accruals basis. |
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Tangible fixed assets |
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Computer equipment | - |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling |
costs in bringing stocks to their present location and condition. |
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Financial instruments |
The company only enter into basic financial instruments transactions that results in the recognition of |
financial assets and liabilities like trade and other accounts receivable and payable, other third party |
loans and loans with related parties. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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. |
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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. |
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Transition to frs102 |
This is the first year in which the financial statements have been prepared under FRS102. |
COMMERCIAL INTERIORS MANAGEMENT LTD (REGISTERED NUMBER: 04804727) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 March 2016 |
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Additions |
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At 28 February 2017 |
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DEPRECIATION |
At 1 March 2016 |
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Charge for year |
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At 28 February 2017 |
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NET BOOK VALUE |
At 28 February 2017 |
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At 29 February 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.17 | 29.2.16 |
£ | £ |
Trade debtors |
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Other debtors |
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Directors' current accounts | - | 17 |
VAT |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.17 | 29.2.16 |
£ | £ |
Trade creditors |
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Tax |
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Social security and other taxes |
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VAT | 512 | - |
Other creditors |
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Credit card | 394 | 1,664 |
Directors' current accounts | 1,432 | - |
Accrued expenses |
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7. | PROVISIONS FOR LIABILITIES |
28.2.17 | 29.2.16 |
£ | £ |
Deferred tax |
Accelerated capital allowances | 2,761 | 53 |
COMMERCIAL INTERIORS MANAGEMENT LTD (REGISTERED NUMBER: 04804727) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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7. | PROVISIONS FOR LIABILITIES - continued |
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Deferred |
tax |
£ |
Balance at 1 March 2016 |
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Provided during year |
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Balance at 28 February 2017 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 28.2.17 | 29.2.16 |
value: | £ | £ |
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Ordinary | 1 | 100 | 100 |
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9. | RELATED PARTY DISCLOSURES |
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M Carter Builders Ltd |
A company in which S Pearson is a shareholder and director |
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Project management services to the value £305,595 (2016: £33,804) were provided to Commercial |
Interiors Management Ltd from M Carter Builders Limited |
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10. | FIRST YEAR ADOPTION |
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There were no changes in the balance sheet and/or the income statement with the adoption of Section |
1A 'Small Entities' of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in |
the UK and the Republic of Ireland' |