REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 30 September 2016 |
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for |
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Sunderland Furniture Centre Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 30 September 2016 |
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for |
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Sunderland Furniture Centre Limited |
Sunderland Furniture Centre Limited (Registered number: 04876159) |
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Contents of the Abbreviated Accounts |
for the year ended 30 September 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
Sunderland Furniture Centre Limited |
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Company Information |
for the year ended 30 September 2016 |
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DIRECTORS: |
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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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Chartered Accountants |
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BANKERS: |
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Sunderland Furniture Centre Limited (Registered number: 04876159) |
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Abbreviated Balance Sheet |
30 September 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
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The financial statements were approved by the Board of Directors on
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Sunderland Furniture Centre Limited (Registered number: 04876159) |
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Notes to the Abbreviated Accounts |
for the year ended 30 September 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements have been prepared on the going concern basis, which assumes that the company will continue in |
operational existence for the foreseeable future, which the directors consider to be appropriate . |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
Reporting Standard for Smaller Entities (effective January 2015). |
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Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small |
company. |
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Turnover |
Turnover represents net sales of goods, excluding value added tax. |
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Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its |
estimated useful life of twenty years. |
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Tangible fixed assets |
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Short leasehold | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable |
value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or |
damaged stock where the net realisable value is less than cost. |
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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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A deferred tax asset is regarded as recoverable, and therefore recognised, only when, on the basis of all available evidence, it |
can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the |
underlying timing differences can be deducted. |
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Deferred tax is measured on a non-discounted basis at the average rates that are expected to apply in the periods in which the |
timing differences are expected to reverse, based on the tax rates and laws that have been enacted, or substantively enacted, |
by the balance sheet date. |
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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 the profit and loss account in the period to which they relate. |
Sunderland Furniture Centre Limited (Registered number: 04876159) |
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Notes to the Abbreviated Accounts - continued |
for the year ended 30 September 2016 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 October 2015 |
and 30 September 2016 |
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AMORTISATION |
At 1 October 2015 |
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Amortisation for year |
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At 30 September 2016 |
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NET BOOK VALUE |
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At 30 September 2016 |
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At 30 September 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 October 2015 |
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Additions |
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At 30 September 2016 |
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DEPRECIATION |
At 1 October 2015 |
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Charge for year |
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At 30 September 2016 |
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NET BOOK VALUE |
At 30 September 2016 |
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At 30 September 2015 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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5. | CONTROL |
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No person had overall control of the Company. |