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REGISTERED NUMBER: 05035425 (England and Wales)











Unaudited Financial Statements

for the Year Ended 28th February 2023

for

Ideal Interiors (North West) Limited

Ideal Interiors (North West) Limited (Registered number: 05035425)






Contents of the Financial Statements
for the Year Ended 28th February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ideal Interiors (North West) Limited

Company Information
for the Year Ended 28th February 2023







DIRECTORS: Mr P Murray
Mrs J Murray





SECRETARY:





REGISTERED OFFICE: 57 Bankhead Lane
Hoghton
Preston
Lancashire
PR5 0AB





REGISTERED NUMBER: 05035425 (England and Wales)





ACCOUNTANTS: Stephen Andrews & Co Limited
186 Eaves Lane
Chorley
Lancashire
PR6 0AU

Ideal Interiors (North West) Limited (Registered number: 05035425)

Balance Sheet
28th February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,000 5,000
Tangible assets 5 19,040 15,370
24,040 20,370

CURRENT ASSETS
Debtors 6 - 121
Cash at bank 82,094 35,225
82,094 35,346
CREDITORS
Amounts falling due within one year 7 36,383 24,269
NET CURRENT ASSETS 45,711 11,077
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,751

31,447

CREDITORS
Amounts falling due after more than one
year

8

17,325

20,139
NET ASSETS 52,426 11,308

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 52,424 11,306
SHAREHOLDERS' FUNDS 52,426 11,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

Ideal Interiors (North West) Limited (Registered number: 05035425)

Balance Sheet - continued
28th February 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 1st November 2023 and were signed on its behalf by:





Mr P Murray - Director


Ideal Interiors (North West) Limited (Registered number: 05035425)

Notes to the Financial Statements
for the Year Ended 28th February 2023

1. STATUTORY INFORMATION

Ideal Interiors (North West) 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Ideal Interiors (North West) Limited (Registered number: 05035425)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2022
and 28th February 2023 5,000
NET BOOK VALUE
At 28th February 2023 5,000
At 28th February 2022 5,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st March 2022 393 26,320 4,043 30,756
Additions - 25,000 - 25,000
Disposals - (26,320 ) - (26,320 )
At 28th February 2023 393 25,000 4,043 29,436
DEPRECIATION
At 1st March 2022 372 11,515 3,499 15,386
Charge for year 3 6,250 272 6,525
Eliminated on disposal - (11,515 ) - (11,515 )
At 28th February 2023 375 6,250 3,771 10,396
NET BOOK VALUE
At 28th February 2023 18 18,750 272 19,040
At 28th February 2022 21 14,805 544 15,370

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors - 121

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 2,778 2,778
Trade creditors 8,162 5,016
Taxation and social security 24,182 14,469
Other creditors 1,261 2,006
36,383 24,269

Ideal Interiors (North West) Limited (Registered number: 05035425)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 17,325 20,139

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
2 Ordinary £1 2 2