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Company Registration No. 10349421 (England and Wales)
Leicester Interiors Ltd Filleted accounts for the year ended 31 August 2021
Leicester Interiors Ltd Filleted accounts Contents
Page
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Leicester Interiors Ltd Company Information for the year ended 31 August 2021
Director
Asif Abubaker Ebrahim
Company Number
10349421 (England and Wales)
Registered Office
79 Coleman Road Leicester LE5 4LE
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Leicester Interiors Ltd Statement of financial position as at 31 August 2021
2021 
2020 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
43,170 
39,899 
Creditors: amounts falling due within one year
(1,442)
(766)
Net current assets
41,728 
39,133 
Total assets less current liabilities
41,728 
39,133 
Creditors: amounts falling due after more than one year
(61,076)
(62,200)
Net liabilities
(19,348)
(23,067)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(19,448)
(23,167)
Shareholders' funds
(19,348)
(23,067)
For the year ending 31 August 2021 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 May 2022 and were signed on its behalf by
Asif Abubaker Ebrahim Director Company Registration No. 10349421
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Leicester Interiors Ltd Notes to the Accounts for the year ended 31 August 2021
1
Statutory information
Leicester Interiors Ltd is a private company, limited by shares, registered in England and Wales, registration number 10349421. The registered office is 79 Coleman Road, Leicester, LE5 4LE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Leicester Interiors Ltd Notes to the Accounts for the year ended 31 August 2021
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2020
22,979 
At 31 August 2021
22,979 
Depreciation
At 1 September 2020
22,979 
At 31 August 2021
22,979 
Net book value
At 31 August 2021
- 
5
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade creditors
766 
- 
Accruals
676 
766 
1,442 
766 
6
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
18,876 
20,000 
Other creditors
42,200 
42,200 
61,076 
62,200 
7
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).
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