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The Cushion Warehouse Limited
Registered Number:06645504
For the year ended 31 March 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2018
The Cushion Warehouse Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 March 2018
The Cushion Warehouse Limited
Statement of Financial Position
Registered Number :
06645504
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
1,731
1,595
2
1,731
1,595
Current assets
Inventories
130
130
3
Trade and other receivables
9,202
12,146
4
79,467
Cash and cash equivalents
59,246
71,522
88,799
Trade and other payables: amounts falling due within one
year
(23,696)
(24,643)
5
65,103
46,879
Net current assets
Total assets less current liabilities
48,610
66,698
48,610
Net assets
66,698
Capital and reserves
Called up share capital
100
100
Retained earnings
48,510
66,598
48,610
66,698
Shareholders' funds
For the year ended 31 March 2018 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 of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs D C Soames Director
These financial statements were approved and authorised for issue by the Board on 01 August 2018 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2018
The Cushion Warehouse Limited
Notes to the Financial Statements
Statutory Information
The Cushion Warehouse Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 06645504.
Registered address:
Knight Accountants
77 Bohemia Road
St Leonards on Sea
East Sussex
TN37 6RJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 March 2018
The Cushion Warehouse Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 April 2017
3,977
1,518
147
2,042
270
715
-
715
-
-
Additions
At 31 March 2018
2,042
862
1,518
4,692
270
Provision for depreciation and impairment
At 01 April 2017
2,382
934
112
1,180
156
Charge for year
579
146
188
216
29
At 31 March 2018
2,961
1,080
300
1,396
185
At 31 March 2018
Net book value
85
646
562
438
1,731
At 31 March 2017
114
862
35
584
1,595
3. Inventories
2017
2018
£
£
Stocks
130
130
4. Trade and other receivables
2017
2018
£
£
Trade debtors
12,146
9,202
5. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Trade creditors
2,389
4,976
Taxation and social security
14,150
10,047
Other creditors
8,104
8,673
24,643
23,696
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