Company Registration No. 04084177 (England and Wales)
London House Renovations Limited
Unaudited accounts
for the year ended 31 December 2016
London House Renovations Limited
Unaudited accounts
Contents
London House Renovations Limited
Company Information
for the year ended 31 December 2016
Directors
Paul Stevens
M Schlitz
M Lewin
Company Number
04084177 (England and Wales)
Registered Office
1 BRAMLEY BUSINESS CENTRE
BRAMLEY
GUILDFORD
SURREY
GU5 0AZ
Accountants
Susan Appleton Accountancy Ltd
2 Carters Way
Wisborough Green
Billingshurst
West Sussex
RH14 0BY
London House Renovations Limited
Statement of financial position
as at 31 December 2016
Tangible assets
73,833
34,001
Cash at bank and in hand
85,901
13,012
Creditors: amounts falling due within one year
(310,566)
(182,305)
Net current assets/(liabilities)
92,765
(22,802)
Total assets less current liabilities
166,598
11,199
Creditors: amounts falling due after more than one year
(113,768)
-
Provisions for liabilities
Deferred tax
(12,857)
(2,671)
Called up share capital
2
2
Profit and loss account
39,971
8,526
Shareholders' funds
39,973
8,528
For the year ending 31 December 2016 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 directors acknowledge their 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.
Approved by the Board on 18 September 2017.
Paul Stevens
Director
Company Registration No. 04084177
London House Renovations Limited
Notes to the Accounts
for the year ended 31 December 2016
London House Renovations Limited is a private company, limited by shares, registered in England and Wales, registration number 04084177. The registered office and principal place of business is 1 BRAMLEY BUSINESS CENTRE, BRAMLEY, GUILDFORD, SURREY, GU5 0AZ.
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.
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% of cost
Motor vehicles
25% reducing balance
Computer equipment
25% of cost
Stocks and work-in-progress are valued at the lower of cost and net realisable value. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
London House Renovations Limited
Notes to the Accounts
for the year ended 31 December 2016
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2016
2,134
73,489
2,706
78,329
Additions
-
67,437
-
67,437
Disposals
(2,134)
(16,916)
-
(19,050)
At 31 December 2016
-
124,010
2,706
126,716
At 1 January 2016
2,134
41,545
649
44,328
Charge for the year
-
20,400
663
21,063
On disposals
(2,134)
(10,374)
-
(12,508)
At 31 December 2016
-
51,571
1,312
52,883
At 31 December 2016
-
72,439
1,394
73,833
At 31 December 2015
-
31,944
2,057
34,001
Work in progress
94,271
45,492
Trade debtors
87,615
68,128
Accrued income and prepayments
108,818
23,812
Other debtors
26,726
9,059
London House Renovations Limited
Notes to the Accounts
for the year ended 31 December 2016
7
Creditors: amounts falling due within one year
2016
2015
Obligations under finance leases and hire purchase contracts
16,859
1,340
Trade creditors
164,160
44,148
Taxes and social security
54,778
29,861
Other creditors
42,323
26,827
Loans from directors
27,132
80,129
8
Creditors: amounts falling due after more than one year
2016
2015
Obligations under finance leases and hire purchase contracts
37,042
-
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
10
Average number of employees
During the year the average number of employees was 8 (2015: 7).
