Stonewood Interiors Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07877291 (England and Wales)

STONEWOOD INTERIORS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I Midmore

REGISTERED OFFICE:

Unit 2 Lakeview Stables

Lower St Clere

Kemsing

Kent

TN156NL

REGISTERED NUMBER:

07877291 (England and Wales)

ACCOUNTANTS:

Lakeview Southern Limited

2 Lakeview Stables

Lower St Clere

Kemsing

Sevenoaks

Kent

TN15 6NL

FIXED ASSETS

Tangible assets

4

19,697

2,821

CURRENT ASSETS

Stocks

2,210

2,105

Debtors

5

3,874

3,084

Cash at bank

6,254

9,938

12,338

15,127

CREDITORS

Amounts falling due within one year

6

7,572

14,083

NET CURRENT ASSETS

4,766

1,044

TOTAL ASSETS LESS CURRENT LIABILITIES

24,463

3,865

CREDITORS

Amounts falling due after more than one year

7

14,459

-

NET ASSETS

10,004

3,865

CAPITAL AND RESERVES

Called up share capital

2

1

Retained earnings

10,002

3,864

SHAREHOLDERS' FUNDS

10,004

3,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 20 September 2018 and were signed by:

I Midmore - Director

1.	STATUTORY INFORMATION

Stonewood Interiors Ltd 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 etc

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

9,407

Additions

24,866

Disposals

(7,500

)

At 31 December 2017

26,773

DEPRECIATION

At 1 January 2017

6,586

Charge for year

5,617

Eliminated on disposal

(5,127

)

At 31 December 2017

7,076

NET BOOK VALUE

At 31 December 2017

19,697

At 31 December 2016

2,821

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

304

3,084

Other debtors

3,570

-

3,874

3,084

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Hire purchase contracts

3,040

-

Trade creditors

88

-

Taxation and social security

2,435

4,923

Other creditors

2,009

9,160

7,572

14,083

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

£

Hire purchase contracts

14,459

-

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY