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REGISTERED NUMBER: 04807645 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2023

for

M & L INTERIORS LIMITED

M & L INTERIORS LIMITED (REGISTERED NUMBER: 04807645)

Contents of the Financial Statements
for the year ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M & L INTERIORS LIMITED

Company Information
for the year ended 30 April 2023







Directors: Mr S J Lonergan
Mr D L Munns





Secretary: Mr S J Lonergan





Registered office: Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE





Registered number: 04807645 (England and Wales)





Accountants: Haines Watts Essex LLP
Chartered Accountants
Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

M & L INTERIORS LIMITED (REGISTERED NUMBER: 04807645)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 777 1,417

Current assets
Debtors 5 38,491 38,807
Cash at bank 14,221 14,351
52,712 53,158
Creditors
Amounts falling due within one year 6 53,042 53,289
Net current liabilities (330 ) (131 )
Total assets less current liabilities 447 1,286

Provisions for liabilities 7 148 359
Net assets 299 927

Capital and reserves
Called up share capital 8 100 100
Retained earnings 199 827
Shareholders' funds 299 927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:





Mr S J Lonergan - Director


M & L INTERIORS LIMITED (REGISTERED NUMBER: 04807645)

Notes to the Financial Statements
for the year ended 30 April 2023


1. Statutory information

M & L Interiors 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.

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.

This is the first year in which the financial statements have been prepared under FRS 102. Transition to FRS 102 has not resulted in any changes in accounting policies, amounts stated in the Statement of Comprehensive Income or balances held in equity.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

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.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

M & L INTERIORS LIMITED (REGISTERED NUMBER: 04807645)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Tangible fixed assets
Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 May 2022 11,976 4,269 16,245
Disposals - (3,628 ) (3,628 )
At 30 April 2023 11,976 641 12,617
Depreciation
At 1 May 2022 11,302 3,526 14,828
Charge for year 168 89 257
Eliminated on disposal - (3,245 ) (3,245 )
At 30 April 2023 11,470 370 11,840
Net book value
At 30 April 2023 506 271 777
At 30 April 2022 674 743 1,417

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 36,000 36,000
Other debtors 2,491 2,807
38,491 38,807

M & L INTERIORS LIMITED (REGISTERED NUMBER: 04807645)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


6. Creditors: amounts falling due within one year
2023 2022
£    £   
Taxation and social security 8,692 8,378
Other creditors 44,350 44,911
53,042 53,289

7. Provisions for liabilities
2023 2022
£    £   
Deferred tax 148 359

Deferred
tax
£   
Balance at 1 May 2022 359
Utilised during year (211 )
Balance at 30 April 2023 148

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100