Angela Quayle Interiors Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 08830347 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 January 2017

for

Angela Quayle Interiors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs A Quayle

REGISTERED OFFICE:

Aq Interiors

6a Old Market Place

Altrincham

WA14 4NP

REGISTERED NUMBER:

08830347 (England and Wales)

ACCOUNTANTS:

A&C Chartered Accountants

Marsland Chambers

1a Marsland Road

Sale Moor

Cheshire

M33 3HP

FIXED ASSETS

Tangible assets

4

3,109

2,527

CURRENT ASSETS

Stocks

5

14,750

7,730

Debtors

6

195

5,616

Cash at bank and in hand

28

11,294

14,973

24,640

CREDITORS

Amounts falling due within one year

7

68,150

57,610

NET CURRENT LIABILITIES

(53,177

)

(32,970

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(50,068

)

(30,443

)

CAPITAL AND RESERVES

Called up share capital

60

60

Retained earnings

(50,128

)

(30,503

)

SHAREHOLDERS' FUNDS

(50,068

)

(30,443

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 30 October 2017 and were signed by:

Mrs A Quayle - Director

1.	STATUTORY INFORMATION

Angela Quayle Interiors Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 - 25% on reducing balance

Stocks

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

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 31 January 2016

3,685

Additions

1,309

At 30 January 2017

4,994

DEPRECIATION

At 31 January 2016

1,158

Charge for year

727

At 30 January 2017

1,885

NET BOOK VALUE

At 30 January 2017

3,109

At 30 January 2016

2,527

5.

STOCKS

30.1.17

30.1.16

£

£

Stocks

14,750

7,730

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.1.17

30.1.16

£

£

Trade debtors

152

5,616

Prepayments

43

-

195

5,616

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.1.17

30.1.16

£

£

Loan

217

2,609

Trade creditors

772

2,884

Social security and other taxes

305

-

Directors' current accounts

66,840

51,403

Accrued expenses

16

714

68,150

57,610

8.	RELATED PARTY DISCLOSURES

During the year ended 30 January 2017, Mrs Quayle, the director, controlled the company by virtue of a

controlling interest of 100% of the issued ordinary share capital.