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REGISTERED NUMBER: 04477505















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

INTERFACE SHEET METAL & PAINT LIMITED

INTERFACE SHEET METAL & PAINT LIMITED (REGISTERED NUMBER: 04477505)






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 7

INTERFACE SHEET METAL & PAINT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2022







DIRECTORS: H O'Shaughnessy
M Love
I R Casselden
G Woodley





SECRETARY: I R Casselden





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





REGISTERED NUMBER: 04477505





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

INTERFACE SHEET METAL & PAINT LIMITED (REGISTERED NUMBER: 04477505)

BALANCE SHEET
28 FEBRUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,373 62,853
Investments 5 26 26
60,399 62,879

CURRENT ASSETS
Debtors 6 99,025 161,326
Cash at bank and in hand 85,118 75,100
184,143 236,426
CREDITORS
Amounts falling due within one year 7 105,906 186,218
NET CURRENT ASSETS 78,237 50,208
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,636

113,087

CREDITORS
Amounts falling due after more than one
year

8

34,997

44,490
NET ASSETS 103,639 68,597

CAPITAL AND RESERVES
Called up share capital 9 1,053 1,053
Retained earnings 10 102,586 67,544
SHAREHOLDERS' FUNDS 103,639 68,597

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 SHEET METAL & PAINT LIMITED (REGISTERED NUMBER: 04477505)

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:




H O'Shaughnessy - Director I R Casselden - Director




M Love - Director G Woodley - Director


INTERFACE SHEET METAL & PAINT LIMITED (REGISTERED NUMBER: 04477505)

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

1. STATUTORY INFORMATION

Interface Sheet Metal & Paint Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Preparation of consolidated financial statements
The financial statements contain information about Interface Sheet Metal & Paint Limited 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 still 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2021 - 7 ) .

INTERFACE SHEET METAL & PAINT LIMITED (REGISTERED NUMBER: 04477505)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2021 3,087 232,261 3,000 2,909 241,257
Additions - 10,800 - - 10,800
At 28 February 2022 3,087 243,061 3,000 2,909 252,057
DEPRECIATION
At 1 March 2021 772 171,951 3,000 2,681 178,404
Charge for year 771 12,422 - 87 13,280
At 28 February 2022 1,543 184,373 3,000 2,768 191,684
NET BOOK VALUE
At 28 February 2022 1,544 58,688 - 141 60,373
At 28 February 2021 2,315 60,310 - 228 62,853

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2021
and 28 February 2022 26
NET BOOK VALUE
At 28 February 2022 26
At 28 February 2021 26

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 88,190 152,709
Amounts owed by associates 40 -
Other debtors 556 556
Prepayments and accrued income 10,239 8,061
99,025 161,326

INTERFACE SHEET METAL & PAINT LIMITED (REGISTERED NUMBER: 04477505)

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
Trade creditors 60,275 33,577
Amounts owed to group undertakings 985 985
Amounts owed to associates - 59,794
Tax 12,713 2,788
Social security and other taxes 6,154 4,821
VAT 10,112 18,321
Other creditors 1,093 50,992
Accrued expenses 5,081 9,430
105,906 186,218

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: £    £   
1,000 Ordinary £1 1,053 1,053

10. RESERVES
Retained
earnings
£   

At 1 March 2021 67,544
Profit for the year 58,390
Dividends (23,348 )
At 28 February 2022 102,586

INTERFACE SHEET METAL & PAINT LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
INTERFACE SHEET METAL & PAINT LIMITED

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