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REGISTERED NUMBER: 02981947 (England and Wales)














Financial Statements

for the Year Ended 31 January 2023

for

INTERIORS OF DISTINCTION LIMITED

INTERIORS OF DISTINCTION LIMITED (REGISTERED NUMBER: 02981947)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INTERIORS OF DISTINCTION LIMITED

Company Information
for the Year Ended 31 January 2023







DIRECTORS: G J Williams
P K Shadbolt





SECRETARY: Swanarrow Limited





REGISTERED OFFICE: 18 Alderton Road
Croydon
Surrey
CR0 6HG





REGISTERED NUMBER: 02981947 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG

INTERIORS OF DISTINCTION LIMITED (REGISTERED NUMBER: 02981947)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,489 21,007

CURRENT ASSETS
Stocks 5 25,118 29,750
Debtors 6 4,641 6,053
Cash at bank and in hand 68,912 87,346
98,671 123,149
CREDITORS
Amounts falling due within one year 7 58,634 57,660
NET CURRENT ASSETS 40,037 65,489
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,526

86,496

PROVISIONS FOR LIABILITIES 3,320 3,988
NET ASSETS 54,206 82,508

CAPITAL AND RESERVES
Called up share capital 8 400 400
Retained earnings 53,806 82,108
SHAREHOLDERS' FUNDS 54,206 82,508

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

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

INTERIORS OF DISTINCTION LIMITED (REGISTERED NUMBER: 02981947)

Balance Sheet - continued
31 January 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:




G J Williams - Director



P K Shadbolt - Director


INTERIORS OF DISTINCTION LIMITED (REGISTERED NUMBER: 02981947)

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

1. STATUTORY INFORMATION

Interiors of Distinction Limited 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.

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
The turnover shown in the profit and loss account represents the value of work carried out in the year.

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
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 and deferred tax. Tax is recognised in the Profit & Loss Account, 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 recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

INTERIORS OF DISTINCTION LIMITED (REGISTERED NUMBER: 02981947)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 59,809 8,465 44,502 5,616 118,392
Additions 942 - - 1,240 2,182
Disposals - - - (3,021 ) (3,021 )
At 31 January 2023 60,751 8,465 44,502 3,835 117,553
DEPRECIATION
At 1 February 2022 56,260 8,005 27,671 5,449 97,385
Charge for year 898 92 4,207 446 5,643
Eliminated on disposal - - - (2,964 ) (2,964 )
At 31 January 2023 57,158 8,097 31,878 2,931 100,064
NET BOOK VALUE
At 31 January 2023 3,593 368 12,624 904 17,489
At 31 January 2022 3,549 460 16,831 167 21,007

5. STOCKS
31.1.23 31.1.22
£    £   
Stock & WIP 25,118 29,750

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 3,719 4,734
Other debtors 922 1,319
4,641 6,053

All debtors are payable within one year and have therefore not been discounted.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 4,489 1,816
Taxation and social security 16,928 19,489
Other creditors 37,217 36,355
58,634 57,660

All creditors are payable within one year and have therefore not been discounted.

INTERIORS OF DISTINCTION LIMITED (REGISTERED NUMBER: 02981947)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
200 'A' Ordinary £1 200 200
200 'B' Ordinary £1 200 200
400 400