Company Registration No. 08421411 (England and Wales)
Innovation Bedding Limited
Unaudited accounts
for the year ended 28 February 2019
Innovation Bedding Limited
Unaudited accounts
Contents
Innovation Bedding Limited
Company Information
for the year ended 28 February 2019
Director
Amir Shahzad Qureshi
Company Number
08421411 (England and Wales)
Registered Office
City Gate House
246-250 Romford Road
London
E7 9HZ
Innovation Bedding Limited
Statement of financial position
as at
28 February 2019
Cash at bank and in hand
279
-
Creditors: amounts falling due within one year
(2,045)
-
Net current (liabilities)/assets
(1,766)
100
Called up share capital
100
100
Profit and loss account
172
-
Shareholders' funds
272
100
For the year ending 28 February 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 16 May 2019.
Amir Shahzad Qureshi
Director
Company Registration No. 08421411
Innovation Bedding Limited
Notes to the Accounts
for the year ended 28 February 2019
Innovation Bedding Limited is a private company, limited by shares, registered in England and Wales, registration number 08421411. The registered office is City Gate House, 246-250 Romford Road, London, E7 9HZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance Method
4
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
At 28 February 2019
2,184
At 28 February 2019
2,038
Innovation Bedding Limited
Notes to the Accounts
for the year ended 28 February 2019
6
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
557
-
Loans from directors
(676)
-
Wages Payable: £2164
Corporation Tax: £242
Director Loan Account: (£676)
PAYE & N.I: £315
7
Average number of employees
During the year the average number of employees was 1 (2018: 0).