EAST LONDON KITCHENS & TILES LTD
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Registered number: |
12794698
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Balance Sheet |
as at 31 August 2021
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|
Notes |
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|
2021 |
|
£ |
|
Fixed assets |
Tangible assets |
3 |
|
|
2,897 |
|
Current assets |
Cash at bank and in hand |
|
|
332 |
|
Creditors: amounts falling due within one year |
4 |
|
(16,062) |
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Net current liabilities |
|
|
|
(15,730) |
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|
Net liabilities |
|
|
|
(12,833) |
|
|
|
|
|
|
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Capital and reserves |
Called up share capital |
|
|
|
200 |
Profit and loss account |
|
|
|
(13,033) |
|
Shareholders' funds |
|
|
|
(12,833) |
|
|
|
|
|
|
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
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|
Zahur Abdul Aziz Mohid |
Director |
Approved by the board on 25 May 2022
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EAST LONDON KITCHENS & TILES LTD
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Notes to the Accounts |
for the period from 5 August 2020 to 31 August 2021
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|
1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
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|
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Office equipment |
20% reducing balance |
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Furniture and fittings |
20% reducing balance |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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|
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2 |
Employees |
2021 |
|
Number |
|
|
|
Average number of persons employed by the company |
1 |
|
|
|
|
|
|
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|
3 |
Tangible fixed assets |
|
|
|
|
Office equipment |
|
Fixtures and fittings |
|
Total |
£ |
£ |
£ |
|
Cost |
|
Additions |
738 |
|
2,884 |
|
3,622 |
|
At 31 August 2021 |
738 |
|
2,884 |
|
3,622 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the period |
148 |
|
577 |
|
725 |
|
At 31 August 2021 |
148 |
|
577 |
|
725 |
|
|
|
|
|
|
|
|
|
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Net book value |
|
At 31 August 2021 |
590 |
|
2,307 |
|
2,897 |
|
|
4 |
Creditors: amounts falling due within one year |
2021 |
|
£ |
|
|
|
Accruals |
|
|
|
|
3,440 |
|
Directors current account |
|
|
|
|
12,622 |
|
|
|
|
|
|
16,062 |
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|
|
|
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|
|
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5 |
Other information |
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EAST LONDON KITCHENS & TILES LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
161 Ley Street |
|
Ilford |
|
Essex |
|
IG1 4BL |