Company Registration No. 04258969 (England and Wales)
HOUSE OF BEDS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2016
HOUSE OF BEDS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
HOUSE OF BEDS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
-
308
Current assets
Stocks
-
12,000
Debtors
10,375
16,269
Cash at bank and in hand
535
2,451
10,910
30,720
Creditors: amounts falling due within one year
(9,467)
(14,347)
Net current assets
1,443
16,373
Total assets less current liabilities
1,443
16,681
Creditors: amounts falling due after more than one year
-
(6,644)
1,443
10,037
Capital and reserves
Called up share capital
3
4
4
Profit and loss account
1,439
10,033
Shareholders' funds
1,443
10,037
For the financial year ended 31 October 2016 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 15 February 2017
R R Mercer
Director
Company Registration No. 04258969
HOUSE OF BEDS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
- 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 January 2015).
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 2015
6,119
Disposals
(6,119)
At 31 October 2016
-
Depreciation
At 1 November 2015
5,811
On disposals
(6,119)
Charge for the year
308
At 31 October 2016
-
Net book value
At 31 October 2016
-
At 31 October 2015
308
HOUSE OF BEDS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2016
- 3 -
3
Share capital
2016
2015
£
£
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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