FINISHING DESIGN SERVICES LIMITED

Company Registration Number:
03823810 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

FINISHING DESIGN SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

FINISHING DESIGN SERVICES LIMITED

Balance sheet

As at 31 December 2021


Notes

2021

2020


£

£
Fixed assets
Tangible assets: 3 407,048 338,239
Total fixed assets: 407,048 338,239
Current assets
Stocks: 202,500 622,047
Debtors:   516,230 417,471
Cash at bank and in hand: 188,234 397,727
Total current assets: 906,964 1,437,245
Creditors: amounts falling due within one year:   (686,453) (1,192,665)
Net current assets (liabilities): 220,511 244,580
Total assets less current liabilities: 627,559 582,819
Creditors: amounts falling due after more than one year: 4 (61,084) (72,060)
Provision for liabilities: (21,061) (9,053)
Total net assets (liabilities): 545,414 501,706
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 545,314 501,606
Shareholders funds: 545,414 501,706

The notes form part of these financial statements

FINISHING DESIGN SERVICES LIMITED

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 June 2022
and signed on behalf of the board by:

Name: N Matthew
Status: Director

The notes form part of these financial statements

FINISHING DESIGN SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FINISHING DESIGN SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

2021 2020
Average number of employees during the period 23 22

FINISHING DESIGN SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Tangible Assets

Total
Cost £
At 01 January 2021 765,760
Additions 120,301
Disposals (31,125)
At 31 December 2021 854,936
Depreciation
At 01 January 2021 427,521
Charge for year 51,492
On disposals (31,125)
At 31 December 2021 447,888
Net book value
At 31 December 2021 407,048
At 31 December 2020 338,239

FINISHING DESIGN SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Creditors: amounts falling due after more than one year note

Bank Loans 42,674Obligations under finance leases 18,410

FINISHING DESIGN SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

5. Financial commitments

Total future payments under non cancellable operating leases 12,358 (2020 - 13,526)

FINISHING DESIGN SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

6. Related party transactions

Name of the related party:
Relationship:
Directors
Description of the Transaction: The Company rents its premises, on normal commercial terms, from a partnership which consists of both its directors, at a current rate of £27,836p.a. No amounts were outstanding at the Balance Sheet date.
£
Balance at 01 January 2021 0
Balance at 31 December 2021 0