At Home Furnishings Outlet Limited - Accounts to registrar (filleted) - small 18.1

At Home Furnishings Outlet Limited - Accounts to registrar (filleted) - small 18.1


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REGISTERED NUMBER: 04121045















Unaudited Financial Statements for the Year Ended 31 March 2018

for

At Home Furnishings Outlet Limited

At Home Furnishings Outlet Limited (Registered number: 04121045)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


At Home Furnishings Outlet Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: A M Dicken
Mrs A Dicken





SECRETARY: I Huntington





REGISTERED OFFICE: 2a Malleable Way
Stockton-on-Tees
Cleveland
TS18 2QX





REGISTERED NUMBER: 04121045





ACCOUNTANTS: APC Accountancy Limited
Chartered Accountants
Queens Court Business Centre
Newport Road
Middlesbrough
TS1 5EH

At Home Furnishings Outlet Limited (Registered number: 04121045)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 153,473 181,889

CURRENT ASSETS
Stocks 683,199 662,691
Debtors 5 51,303 32,317
Cash at bank and in hand 149,951 227,706
884,453 922,714
CREDITORS
Amounts falling due within one year 6 522,206 461,616
NET CURRENT ASSETS 362,247 461,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

515,720

642,987

CREDITORS
Amounts falling due after more than one
year

7

(316,122

)

(487,372

)

PROVISIONS FOR LIABILITIES 8 (7,494 ) -
NET ASSETS 192,104 155,615

CAPITAL AND RESERVES
Called up share capital 125,000 125,000
Retained earnings 67,104 30,615
SHAREHOLDERS' FUNDS 192,104 155,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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.

At Home Furnishings Outlet Limited (Registered number: 04121045)

Balance Sheet - continued
31 March 2018


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 Board of Directors on 6 December 2018and were signed on its behalf
by:





A M Dicken- Director


At Home Furnishings Outlet Limited (Registered number: 04121045)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

At Home Furnishings Outlet Limited is a private company, limited by shares, registered in Not specified/Other.
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 and 15% on cost

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 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 31(2017 - 32) .

At Home Furnishings Outlet Limited (Registered number: 04121045)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2017 259,913 239,412 9,980 509,305
Additions - 12,258 - 12,258
At 31 March 2018 259,913 251,670 9,980 521,563
DEPRECIATION
At 1 April 2017 140,449 177,600 9,367 327,416
Charge for year 25,485 15,036 153 40,674
At 31 March 2018 165,934 192,636 9,520 368,090
NET BOOK VALUE
At 31 March 2018 93,979 59,034 460 153,473
At 31 March 2017 119,464 61,812 613 181,889

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 47,442 22,091
Other debtors 3,861 10,226
51,303 32,317

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade creditors 224,480 206,149
Taxation and social security 61,758 61,140
Other creditors 235,968 194,327
522,206 461,616

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.18 31.3.17
£    £   
Other creditors 316,122 487,372

8. PROVISIONS FOR LIABILITIES
31.3.18 31.3.17
£    £   
Deferred tax 7,494 -

At Home Furnishings Outlet Limited (Registered number: 04121045)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Timing differences 7,494
Balance at 31 March 2018 7,494

9. RELATED PARTY DISCLOSURES

As at 31 March 2018 the company owed Mr and Mrs A M Dicken £347,479 (2017: £513,729). £316,122 of this
balance is non current. No interest is currently being charged on this loan.

During the year Masada Developments Limited, a company of which A M Dicken is a director, invoiced the
company £22,979 (2017: £3,875).

As at 31 March 2018 the company owed Masada Developments Limited £7,494 (2017: £Nil).

A M Dicken is a trustee of the Dickens Executive Pension Scheme. As at 31 March 2018 the company owed the
Directors Executive Pension Scheme £Nil (2017: £Nil).

As at 31 March 2018 the company owed Marcusan LLP, a limited liability partnership whose partners are also
the directors of the company, £7,050 (2017: £7,050).

10. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.