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REGISTERED NUMBER: 07705328 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

COMPLETELY INTERIORS SOUTHERN LIMITED

COMPLETELY INTERIORS SOUTHERN LIMITED (REGISTERED NUMBER: 07705328)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMPLETELY INTERIORS SOUTHERN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: C K Hartley





REGISTERED OFFICE: Completely Interiors Southern Limited
Gales Place
Three Bridges
Crawley
West Sussex
RH10 1QG





REGISTERED NUMBER: 07705328 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

COMPLETELY INTERIORS SOUTHERN LIMITED (REGISTERED NUMBER: 07705328)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78,985 47,655
Investments 5 4,000 4,000
82,985 51,655

CURRENT ASSETS
Debtors 6 313,774 372,346
Cash at bank and in hand 591,429 182,549
905,203 554,895
CREDITORS
Amounts falling due within one year 7 291,081 122,270
NET CURRENT ASSETS 614,122 432,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

697,107

484,280

CREDITORS
Amounts falling due after more than one
year

8

(30,000

)

(45,000

)

PROVISIONS FOR LIABILITIES (19,700 ) (9,000 )
NET ASSETS 647,407 430,280

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 647,307 430,180
647,407 430,280

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

COMPLETELY INTERIORS SOUTHERN LIMITED (REGISTERED NUMBER: 07705328)

BALANCE SHEET - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2023 and were signed by:





C K Hartley - Director


COMPLETELY INTERIORS SOUTHERN LIMITED (REGISTERED NUMBER: 07705328)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Completely Interiors Southern 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.

Turnover
Turnover is measured at the fair value of the consideration received, or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the provision of contracted building services.

Turnover is recognised at the stage the building services are complete with income being accrued where necessary to the current point of completion at that date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - over the term of the lease - 10 years
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

COMPLETELY INTERIORS SOUTHERN LIMITED (REGISTERED NUMBER: 07705328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 11,678 3,268 82,966 6,295 104,207
Additions - - 52,074 - 52,074
At 31 July 2023 11,678 3,268 135,040 6,295 156,281
DEPRECIATION
At 1 August 2022 5,644 2,492 44,031 4,385 56,552
Charge for year 1,167 194 18,941 442 20,744
At 31 July 2023 6,811 2,686 62,972 4,827 77,296
NET BOOK VALUE
At 31 July 2023 4,867 582 72,068 1,468 78,985
At 31 July 2022 6,034 776 38,935 1,910 47,655

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022
and 31 July 2023 4,000
NET BOOK VALUE
At 31 July 2023 4,000
At 31 July 2022 4,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 281,665 125,318
Other debtors 6,416 212,662
Prepayments 25,693 34,366
313,774 372,346

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 15,000 15,000
Trade creditors 78,200 19,801
Tax 94,814 67,974
Social security and other taxes 15,890 5,747
VAT 84,970 11,127
Other creditors - 520
Accrued expenses 2,207 2,101
291,081 122,270

COMPLETELY INTERIORS SOUTHERN LIMITED (REGISTERED NUMBER: 07705328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 15,000 15,000
Bank loans - 2-5 years 15,000 30,000
30,000 45,000

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 19,200 19,200
Between one and five years 57,600 76,800
76,800 96,000