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Registered number: 07142501

Interfusion Joinery LTD

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023

Prepared By:

Interfusion Joinery LTD

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
DIRECTORS
Andrzej Skladanek
REGISTERED OFFICE
UNIT A
273 ABBEYDALE ROAD
WEMBLEY
LONDON
HA0 1TW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07142501
ACCOUNTANTS

Interfusion Joinery LTD

ACCOUNTS
FOR THEYEARENDED28/02/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Interfusion Joinery LTD

BALANCE SHEET AT 28/02/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3134,833133,436
CURRENT ASSETS
Stock85,50063,200
Debtors5879,304814,088
Cash at bank and in hand60,48647,928
1,025,290925,216
CREDITORS: Amounts falling due within one year6338,208324,593
NET CURRENT ASSETS687,082600,623
TOTAL ASSETS LESS CURRENT LIABILITIES821,915734,059
CREDITORS: Amounts falling due after more than one year776,426109,095
NET ASSETS745,489624,964
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account745,389624,864
SHAREHOLDERS' FUNDS745,489624,964
For the year ending 28/02/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 31/05/2023 and signed on their behalf by
.............................
Andrzej Skladanek
Director

Interfusion Joinery LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.

Interfusion Joinery LTD

2. EMPLOYEES
20232022
No.No.
Average number of employees910
3. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsEquipmentMotor CarsTotal
££££££
Cost
At 01/03/2022339,43713,57411,30048,95625,849439,116
Additions50,698----50,698
Disposals----(25,849)(25,849)
At 28/02/2023390,13513,57411,30048,956-463,965
Depreciation
At 01/03/2022236,1685,9389,46832,85721,249305,680
Disposals----(21,249)(21,249)
For the year38,4921,9092754,025-44,701
At 28/02/2023274,6607,8479,74336,882-329,132
Net Book Amounts
At 28/02/2023115,4755,7271,55712,074-134,833
At 28/02/2022103,2697,6361,83216,0994,600133,436
4. STOCK 20232022
££
Stock comprises:
Stock raw materials85,50063,200
85,50063,200
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors180,89766,817
Loans-38,057
Amounts due from connected companies695,955665,955
Prepayments1,7253,256
Directors current account72740,003
879,304814,088

Interfusion Joinery LTD

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax33,34932,821
VAT20,31226,079
PAYE control9,8306,358
Bank Loan32,69732,725
Credit card2,0154,034
Trade creditors144,374158,455
Pension schemes1,9721,242
Amounts due to connected companies93,65962,879
338,208324,593
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Loans >1yr76,426109,095
76,426109,095
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100