Company Registration No. 04258969 (England and Wales)
HOUSE OF BEDS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2015
HOUSE OF BEDS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
HOUSE OF BEDS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2015
31 October 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
308
243
Current assets
Stocks
12,000
12,000
Debtors
16,269
14,271
Cash at bank and in hand
2,451
3,175
30,720
29,446
Creditors: amounts falling due within one year
(14,347)
(18,988)
Net current assets
16,373
10,458
Total assets less current liabilities
16,681
10,701
Creditors: amounts falling due after more than one year
(6,644)
(9,242)
10,037
1,459
Capital and reserves
Called up share capital
3
4
4
Profit and loss account
10,033
1,455
Shareholders' funds
10,037
1,459
For the financial year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 26 July 2016
R R Mercer
Director
Company Registration No. 04258969
HOUSE OF BEDS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% Reducing balance
1.4
Stock
Stock is valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2014
5,947
Additions
172
At 31 October 2015
6,119
Depreciation
At 1 November 2014
5,704
Charge for the year
107
At 31 October 2015
5,811
Net book value
At 31 October 2015
308
At 31 October 2014
243
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary Shares of £1 each
2
2
2 Class B Non-Voting Ordinary Shares of £1 each
2
2
4
4
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