At Home Furnishings Outlet Limited - Limited company - abbreviated

REGISTERED NUMBER: 04121045 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

At Home Furnishings Outlet Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A M Dicken

Mrs A Dicken

SECRETARY:

I Huntington

REGISTERED OFFICE:

2 Portrack Grange Road

Stockton-on-Tees

Cleveland

TS18 2PF

REGISTERED NUMBER:

04121045 (England and Wales)

ACCOUNTANTS:

Sochall Smith Limited

Chartered Accountants

Queens Court Business Centre

Newport Road

Middlesbrough

Cleveland

TS1 5EH

FIXED ASSETS

Tangible assets

2

63,528

68,895

CURRENT ASSETS

Stocks

533,580

471,648

Debtors

37,387

34,083

Cash at bank and in hand

133,243

233,805

704,210

739,536

CREDITORS

Amounts falling due within one year

561,260

464,066

NET CURRENT ASSETS

142,950

275,470

TOTAL ASSETS LESS CURRENT
LIABILITIES

206,478

344,365

CREDITORS

Amounts falling due after more than one
year

771,762

1,007,873

NET LIABILITIES

(565,284

)

(663,508

)

CAPITAL AND RESERVES

Called up share capital

3

125,000

Profit and loss account

(690,284

)

(788,508

)

SHAREHOLDERS' FUNDS

(565,284

)

(663,508

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 2 October 2014 and were signed on its behalf by:

A M Dicken - Director

1.	ACCOUNTING POLICIES

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

256,108

Additions

25,334

At 31 March 2014

281,442

DEPRECIATION

At 1 April 2013

187,213

Charge for year

30,701

At 31 March 2014

217,914

NET BOOK VALUE

At 31 March 2014

63,528

At 31 March 2013

68,895

3.	CALLED UP SHARE CAPITAL

Authorised:

Number: Class:

Nominal

31.03.14

31.03.13

Value:

£

200,000

Ordinary A Shares

£1

200,000

25,000

Ordinary B Shares

£1

25,000

12,500

Ordinary C Shares

£1

12,500

Ordinary D Shares

£1

12,500

Allotted and issued:

Number: Class:

Nominal

31.03.14

31.03.13

Value:

£

75,000

Ordinary A Shares

£1

75,000

25,000

Ordinary B Shares

£1

25,000

12,500

Ordinary C Shares

£1

12,500

Ordinary D Shares

£1

12,500

4.	RELATED PARTY DISCLOSURES

At the 31 March 2014 the company owed director Mr A M Dicken £903,119 (2013: £1,139,230). No interest is

currently being charged on this loan.

Included within this loan is an amount of £771,763 which is not repayable within twelve months of the balance

sheet date. This amount has been disclosed in the financial statements under creditors falling due after more than

one year.

During the reporting period Masada Developments Limited, of which Mr A M Dicken is a director, invoiced

the company £5,482 (2013: £Nil).

As at 31 March 2014 Masada Developments Limited owed the company £Nil (2013: £Nil).

Mr A M Dicken is a trustee of the Dickens Executive Pension Scheme. As at 31 March 2014 the company owed

the Directors Executive Pension Scheme £Nil (2013: £Nil).

As at 31 March 2014 the company owed Marcusan LLP, a limited liability partnership whose partners are also

the directors of the company, £7,050 (2013: £7,050).

5.	ULTIMATE CONTROL

The company is under the ultimate control of Mr & Mrs A.M. Dicken.

At Home Furnishings Outlet Limited - Limited company - abbreviated - 11.0.0

At Home Furnishings Outlet Limited - Limited company - abbreviated - 11.0.0