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REGISTERED NUMBER: 01825474 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

INTERFACE DEVICES LTD

INTERFACE DEVICES LTD (REGISTERED NUMBER: 01825474)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

INTERFACE DEVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2022







DIRECTORS: I R Casselden
M Love
Mrs H O'Shaughnessy





SECRETARY: Mrs H O'Shaughnessy





REGISTERED OFFICE: Unit 4
Brunel Road
Churchfields Industrial Estate
St. Leonards On Sea
East Sussex
TN38 9RT





REGISTERED NUMBER: 01825474 (England and Wales)





ACCOUNTANTS: x5 Xeinadin Group
2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH

INTERFACE DEVICES LTD (REGISTERED NUMBER: 01825474)

BALANCE SHEET
28 FEBRUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Property, plant and equipment 4 13,056 16,832
Investments 5 79,229 79,229
92,285 96,061

CURRENT ASSETS
Debtors 6 1,296,607 1,159,984
Cash at bank and in hand 126,776 346,639
1,423,383 1,506,623
CREDITORS
Amounts falling due within one year 7 65,960 121,954
NET CURRENT ASSETS 1,357,423 1,384,669
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,449,708

1,480,730

CREDITORS
Amounts falling due after more than one
year

8

34,997

44,490
NET ASSETS 1,414,711 1,436,240

CAPITAL AND RESERVES
Called up share capital 9 24,742 24,742
Share premium 10 9,000 9,000
Capital redemption reserve 10 104,000 104,000
Retained earnings 10 1,276,969 1,298,498
SHAREHOLDERS' FUNDS 1,414,711 1,436,240

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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.

INTERFACE DEVICES LTD (REGISTERED NUMBER: 01825474)

BALANCE SHEET - continued
28 FEBRUARY 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2022 and were signed on its behalf by:




I R Casselden - Director



M Love - Director


INTERFACE DEVICES LTD (REGISTERED NUMBER: 01825474)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

1. 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.

Preparation of consolidated financial statements
The financial statements contain information about Interface Devices Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over the term of the lease
Plant and machinery - 25% on cost and 20% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - Straight line over 3 years

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 not recognised in respect of timing differences that have originated but not reversed at the balance sheet date. The directors accept that this accounting treatment does not comply with Financial Reporting Standard 102 but conclude that the financial statements give a true and fair view of the company's financial position and performance.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2021 - 12 ) .

INTERFACE DEVICES LTD (REGISTERED NUMBER: 01825474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2021
and 28 February 2022 59,785
AMORTISATION
At 1 March 2021
and 28 February 2022 59,785
NET BOOK VALUE
At 28 February 2022 -
At 28 February 2021 -

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2021 22,545 114,086 119,001
Additions - - -
At 28 February 2022 22,545 114,086 119,001
DEPRECIATION
At 1 March 2021 22,545 114,086 108,816
Charge for year - - 4,706
At 28 February 2022 22,545 114,086 113,522
NET BOOK VALUE
At 28 February 2022 - - 5,479
At 28 February 2021 - - 10,185

INTERFACE DEVICES LTD (REGISTERED NUMBER: 01825474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022

4. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2021 360 155,036 411,028
Additions - 3,978 3,978
At 28 February 2022 360 159,014 415,006
DEPRECIATION
At 1 March 2021 360 148,389 394,196
Charge for year - 3,048 7,754
At 28 February 2022 360 151,437 401,950
NET BOOK VALUE
At 28 February 2022 - 7,577 13,056
At 28 February 2021 - 6,647 16,832

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2021
and 28 February 2022 79,980
PROVISIONS
At 1 March 2021
and 28 February 2022 751
NET BOOK VALUE
At 28 February 2022 79,229
At 28 February 2021 79,229

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 411,944 443,879
Other debtors 24,030 101,524
Amounts owed by related undertakings 849,599 604,687
Prepayments and accrued income 11,034 9,894
1,296,607 1,159,984

INTERFACE DEVICES LTD (REGISTERED NUMBER: 01825474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 9,493 5,510
Pension Fund loan 548 420
Trade creditors 5,041 35,984
Social security and other taxes 16,683 22,556
VAT 19,559 23,540
Other creditors 6,314 3,927
Amounts due to related undertakings 548 548
Directors' loan accounts 4,824 752
Accrued expenses 2,950 28,717
65,960 121,954

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 34,997 44,490

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
24,742 Ordinary £1 24,742 24,742

The 24,742 £1 Ordinary shares per the allotted, issued and fully paid share capital above are split as follows:

£1 Ordinary shares12,400
£1 Ordinary A shares4,800
£1 Ordinary B shares4,800
£1 Ordinary C shares2,000
£1 Ordinary D shares742

10. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 March 2021 1,298,498 9,000 104,000 1,411,498
Deficit for the year (3,887 ) (3,887 )
Dividends (17,642 ) (17,642 )
At 28 February 2022 1,276,969 9,000 104,000 1,389,969

11. FIXED AND FLOATING CHARGE

There is a fixed and floating charge over the assets of the company dated 19 January 2010, in favour of HSBC Bank PLC.

INTERFACE DEVICES LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
INTERFACE DEVICES LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 28 February 2022.

We have prepared these finance statements, which comprise the Income Statement, Balance Sheet and the related notes, based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.

On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".

You have determined that the company is exempt from the statutory requirement for an audit for this accounting period. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the directors of the company for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.






x5 Xeinadin Group
2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH


9 September 2022