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Company Registration No. 11959860 (England and Wales)
N&A Interiors Ltd Unaudited accounts for the year ended 30 April 2023
N&A Interiors Ltd Unaudited accounts Contents
Page
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N&A Interiors Ltd Company Information for the year ended 30 April 2023
Director
Nazarii Leshchyshyn
Company Number
11959860 (England and Wales)
Registered Office
46 GREENCROFT AVENUE RUISLIP HA4 9JJ UNITED KINGDOM
Accountants
Adamant Accountants Ltd Office S8, Boleyn House 776-778 Barking Road London E13 9PJ
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N&A Interiors Ltd Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
1 
1 
Fixed assets
Tangible assets
265 
377 
Current assets
Debtors
41,025 
18,162 
Cash at bank and in hand
330 
5,115 
41,355 
23,277 
Creditors: amounts falling due within one year
(8,717)
(6,652)
Net current assets
32,638 
16,625 
Total assets less current liabilities
32,904 
17,003 
Creditors: amounts falling due after more than one year
(26,250)
(33,040)
Net assets/(liabilities)
6,654 
(16,037)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
6,653 
(16,038)
Shareholders' funds
6,654 
(16,037)
For the year ending 30 April 2023 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 3 August 2023 and were signed on its behalf by
Nazarii Leshchyshyn Director Company Registration No. 11959860
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N&A Interiors Ltd Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
N&A Interiors Ltd is a private company, limited by shares, registered in England and Wales, registration number 11959860. The registered office is 46 GREENCROFT AVENUE, RUISLIP, HA4 9JJ, UNITED KINGDOM.
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, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
3.1. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
3.2. Tangible fixed assets and depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reduced balance method
Computer equipment
33% on reduced balance method
3.3. Cash at bank and in hands
Cash at bank and in hands are basic financial assets and include cash in hand and deposits held with financial institutions repayable without penalty on notice of non more than 24 hours.
3.4. Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
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N&A Interiors Ltd Notes to the Accounts for the year ended 30 April 2023
Basic financial assets.
Basic financial assets including debtors, cash and bank balances, with no stated interest rate and receivable within one year are measured at transaction price. Any losses arising from impairment are recognised in the profit and loss account.
Basic financial liabilities.
Basic financial liabilities including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised costs, using the effective interest rate method
3.5. Equity instruments
Equity instruments issued by the company are recognised at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
3.6. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been substantively enacted by the reporting end date.
Deferred Tax
Deferred tax liabilities are generally recognised for all timing differences and differed tax assets that are recognised to extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2022
257 
375 
632 
Disposals
- 
(72)
(72)
At 30 April 2023
257 
303 
560 
Depreciation
At 1 May 2022
96 
159 
255 
Charge for the year
40 
- 
40 
At 30 April 2023
136 
159 
295 
Net book value
At 30 April 2023
121 
144 
265 
At 30 April 2022
161 
216 
377 
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N&A Interiors Ltd Notes to the Accounts for the year ended 30 April 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
71 
239 
Trade debtors
40,827 
17,923 
Other debtors
127 
- 
41,025 
18,162 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
707 
Taxes and social security
6,145 
3,691 
Loans from directors
2,572 
2,254 
8,717 
6,652 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
26,250 
33,040 
8
Transactions with related parties
Included in Loans from directors is an amount of £2,254 (2020: - £1300) due to the company directors. There are no set terms as to repayment of these balances and no interest accrued thereon.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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