Company Registration No. 09873099 (England and Wales)
Loved Interiors Limited
Unaudited accounts
for the year ended 30 November 2019
Loved Interiors Limited
Unaudited accounts
Contents
Loved Interiors Limited
Company Information
for the year ended 30 November 2019
Director
Ronnie Daniel Scott
Company Number
09873099 (England and Wales)
Registered Office
120 Wandsworth Bridge Road
Fulham
London
SW6 2TF
Accountants
Abacus Accounting Solutions Limited
5 Pasture Close
North Wembley
Middlesex
HA0 3JE
Loved Interiors Limited
Statement of financial position
as at 30 November 2019
Tangible assets
3,438
2,083
Cash at bank and in hand
43,729
55,139
Creditors: amounts falling due within one year
(28,491)
(42,142)
Net current assets
21,982
33,440
Called up share capital
1
1
Profit and loss account
25,419
35,522
Shareholders' funds
25,420
35,523
For the year ending 30 November 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.
The financial statements were approved by the Board and authorised for issue on 20 September 2020 and were signed on its behalf by
Ronnie Daniel Scott
Director
Company Registration No. 09873099
Loved Interiors Limited
Notes to the Accounts
for the year ended 30 November 2019
Loved Interiors Limited is a private company, limited by shares, registered in England and Wales, registration number 09873099. The registered office is 120 Wandsworth Bridge Road, Fulham, London, SW6 2TF.
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.
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:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2018
1,078
872
1,699
3,649
Additions
1,870
631
-
2,501
At 30 November 2019
2,948
1,503
1,699
6,150
At 1 December 2018
270
872
424
1,566
Charge for the year
669
158
319
1,146
At 30 November 2019
939
1,030
743
2,712
At 30 November 2019
2,009
473
956
3,438
At 30 November 2018
808
-
1,275
2,083
Trade debtors
1,650
15,024
Accrued income and prepayments
5,094
5,094
Loved Interiors Limited
Notes to the Accounts
for the year ended 30 November 2019
6
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
22,764
17,935
Other creditors
5,107
9,337
7
Average number of employees
During the year the average number of employees was 2 (2018: 1).