Furniture Services Limited - Limited company - abbreviated - 11.6
Furniture Services Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| FOR |
| FURNITURE SERVICES LIMITED |
| FURNITURE SERVICES LIMITED (REGISTERED NUMBER: 03869529) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 March 2014 |
| Page |
| Company Information | 1 |
| Report of the Accountants | 2 |
| Abbreviated Balance Sheet | 3 |
| Notes to the Abbreviated Accounts | 4 |
| FURNITURE SERVICES LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 March 2014 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BANKERS: |
| SOLICITORS: |
| FURNITURE SERVICES LIMITED |
| REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
| FURNITURE SERVICES LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five) |
| have been prepared. |
| As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended |
| 31 March 2014 set out on pages four to ten and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to |
| fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| 18 December 2014 |
| FURNITURE SERVICES LIMITED (REGISTERED NUMBER: 03869529) |
| ABBREVIATED BALANCE SHEET |
| 31 March 2014 |
| 2013 | 2014 |
| £ | £ | Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 3 |
| ( |
) | NET CURRENT ASSETS/(LIABILITIES) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit & loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors on by: |
| FURNITURE SERVICES LIMITED (REGISTERED NUMBER: 03869529) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 March 2014 |
| 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). |
| Exemption from preparing a cash flow statement |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
| small company. |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Computer & office equipment | - |
| Deferred tax |
| Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at |
| the balance sheet date. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the exchange rate in |
| operation on the date on which the transaction occurred. Exchange differences are taken into account in arriving |
| at the operating result. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2013 |
| Additions |
| Disposals | ( |
) |
| At 31 March 2014 |
| DEPRECIATION |
| At 1 April 2013 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 March 2014 |
| NET BOOK VALUE |
| At 31 March 2014 |
| At 31 March 2013 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |
| FURNITURE SERVICES LIMITED (REGISTERED NUMBER: 03869529) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 31 March 2014 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following is a summary of the related party transactions with the company during the year: |
| Balance at year-end |
| Value in the year | Due to/(from) |
| Receivable/(Payable) | the company |
| Director/(Entity) | Type of | 2014 | 2013 | 2014 | 2013 |
| transaction | £ | £ | £ | £ |
| K J Currington, Ms K Barlow |
| & A J Holloway |
| (DFM Furniture (UK) Limited) | Administration |
| charges | 22,176 | - | 10,451 | - |
| Loan repaid | 10,000 | (60,000 | ) | 50,000 | 60,000 |
| K J Currington, Ms K Barlow |
| & A J Holloway |
| (Primavera Furniture (UK) Limited) | Administration |
| charges | 224,419 | 33,600 |
| Expenses | - | 37,615 | 22,234 | 9,815 |
| Loan repaid | (41,000 | ) | 41,000 | - | (41,000 | ) |
| Ms K Barlow & Mrs M Wilson |
| (Violino (UK) Limited) | Administration |
| charges | 1,006,340 | 783,089 |
| Expenses | 34,613 | 97,042 | (3,787 | ) | 54,871 |