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REGISTERED NUMBER: 12613825 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Myinteriors North East Ltd

Myinteriors North East Ltd (Registered number: 12613825)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Myinteriors North East Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: W Crisp
K Parkin
K J Towers





REGISTERED OFFICE: Unit 17d Moorland Way
Nelson Park Industrial Estate
Cramlington
Northumberland
NE23 1WE





REGISTERED NUMBER: 12613825 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

Myinteriors North East Ltd (Registered number: 12613825)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 26,770 33,551

CURRENT ASSETS
Stocks 9,973 10,549
Debtors 5 105,474 102,388
Cash at bank and in hand 23,085 29,706
138,532 142,643
CREDITORS
Amounts falling due within one year 6 60,601 64,893
NET CURRENT ASSETS 77,931 77,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,701

111,301

CAPITAL AND RESERVES
Called up share capital 2,277 2,277
Retained earnings 102,424 109,024
SHAREHOLDERS' FUNDS 104,701 111,301

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

Myinteriors North East Ltd (Registered number: 12613825)

Balance Sheet - continued
31 May 2023


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 3 October 2023 and were signed on its behalf by:




W Crisp - Director K Parkin - Director




K J Towers - Director


Myinteriors North East Ltd (Registered number: 12613825)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Myinteriors North East Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 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.
Improvements to property - 15% on reducing balance
Plant and machinery - 25% on reducing balance
Office Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Showroom - 15% 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 items.

Taxation
Taxation for the year comprises current 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

Myinteriors North East Ltd (Registered number: 12613825)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Improvements Plant and Office
to property machinery Equipment
£ £ £
COST
At 1 June 2022
and 31 May 2023 3,162 432 3,220
DEPRECIATION
At 1 June 2022 474 148 805
Charge for year 404 71 604
At 31 May 2023 878 219 1,409
NET BOOK VALUE
At 31 May 2023 2,284 213 1,811
At 31 May 2022 2,688 284 2,415

Motor
vehicles Showroom Totals
£ £ £
COST
At 1 June 2022
and 31 May 2023 26,270 15,750 48,834
DEPRECIATION
At 1 June 2022 11,493 2,363 15,283
Charge for year 3,694 2,008 6,781
At 31 May 2023 15,187 4,371 22,064
NET BOOK VALUE
At 31 May 2023 11,083 11,379 26,770
At 31 May 2022 14,777 13,387 33,551

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£ £
Trade debtors 95,870 98,501
Other debtors 750 750
Intercompany loan account 8,854 3,137
105,474 102,388

Myinteriors North East Ltd (Registered number: 12613825)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£ £
Trade creditors 16,145 12,813
Tax 42 6,699
Social security and other taxes 143 2,725
VAT 22,819 14,876
Other creditors - 3,401
Directors' loan accounts 20,914 22,679
Accruals and deferred income 538 1,700
60,601 64,893

Myinteriors North East Ltd

Report of the Accountants to the Directors of
Myinteriors North East 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2023 set out on pages one to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


3 October 2023