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REGISTERED NUMBER: 04281280 (England and Wales)



















Financial Statements

for the Year Ended 31 December 2021

for

Harmony Interiors (UK) Limited

Harmony Interiors (UK) Limited (Registered number: 04281280)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Harmony Interiors (UK) Limited

Company Information
for the Year Ended 31 December 2021







DIRECTOR: P D Reeve





REGISTERED OFFICE: Unit 2 - 3
Peet Street
Derby
DE22 3RG





REGISTERED NUMBER: 04281280 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Harmony Interiors (UK) Limited (Registered number: 04281280)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,427 6,676
5,427 6,676

CURRENT ASSETS
Stocks 6 10,518 7,674
Debtors 7 2,182 8,754
Cash at bank and in hand 31,192 36,046
43,892 52,474
CREDITORS
Amounts falling due within one year 8 26,257 43,538
NET CURRENT ASSETS 17,635 8,936
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,062

15,612

CREDITORS
Amounts falling due after more than one
year

9

6,833

8,696
NET ASSETS 16,229 6,916

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 16,225 6,912
SHAREHOLDERS' FUNDS 16,229 6,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Harmony Interiors (UK) Limited (Registered number: 04281280)

Balance Sheet - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 August 2022 and were signed by:





P D Reeve - Director


Harmony Interiors (UK) Limited (Registered number: 04281280)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

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

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the agreed upon payment will be received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 stock.

Cost represents the invoiced cost of materials on a first in first out basis.

Net realisable value is based on the estimated selling price less further costs expected to be incurred upon completion.

Grants
Revenue grants are recognised in the profit and loss so as to match with the expenditure to which they are intended to contribute. Capital grants are recognised in the profit and loss over the useful economic life of the related asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2020 - 7 ) .

Harmony Interiors (UK) Limited (Registered number: 04281280)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 30,000
AMORTISATION
At 1 January 2021
and 31 December 2021 30,000
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
Equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2021 5,898 3,518 13,495 6,073 28,984
Additions 452 - - - 452
At 31 December 2021 6,350 3,518 13,495 6,073 29,436
DEPRECIATION
At 1 January 2021 5,521 3,304 7,708 5,775 22,308
Charge for year 124 32 1,447 98 1,701
At 31 December 2021 5,645 3,336 9,155 5,873 24,009
NET BOOK VALUE
At 31 December 2021 705 182 4,340 200 5,427
At 31 December 2020 377 214 5,787 298 6,676

6. STOCKS
2021 2020
£    £   
Materials 6,751 7,674
Work-in-progress 3,767 -
10,518 7,674

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 1,256 7,895
Tax 743 743
Prepayments 183 116
2,182 8,754

Harmony Interiors (UK) Limited (Registered number: 04281280)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 2,000 1,304
Trade creditors 919 9,629
Corporation tax 2,446 2,168
Social security and other taxes 14,953 25,097
Other creditors 864 691
Director's current account 2,257 1,931
Accrued expenses 2,818 2,718
26,257 43,538

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans - 1-5 years 6,833 8,449
Bank loans - more than 5 years - 247
6,833 8,696

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years - 247