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REGISTERED NUMBER: 06191479 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

INTERPHASE INTERIORS LTD

INTERPHASE INTERIORS LTD (REGISTERED NUMBER: 06191479)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INTERPHASE INTERIORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: I.M. Fieldsend
P.C. Fieldsend





SECRETARY: I.M. Fieldsend





REGISTERED OFFICE: 3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW





BUSINESS ADDRESS: Orchard Cottage
Church Hill
Ravensden
Bedfordshire
MK44 2RL





REGISTERED NUMBER: 06191479 (England and Wales)





ACCOUNTANTS: GKP (Ampthill) Limited
Chartered Accountants
3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

INTERPHASE INTERIORS LTD (REGISTERED NUMBER: 06191479)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 15,457 18,809
15,457 18,809

CURRENT ASSETS
Debtors 6 4,976 9,499
Cash at bank and in hand 31,793 43,145
36,769 52,644
CREDITORS
Amounts falling due within one year 7 35,969 34,017
NET CURRENT ASSETS 800 18,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,257

37,436

CREDITORS
Amounts falling due after more than one
year

8

15,762

22,430
NET ASSETS 495 15,006

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 395 14,906
SHAREHOLDERS' FUNDS 495 15,006

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

INTERPHASE INTERIORS LTD (REGISTERED NUMBER: 06191479)

BALANCE SHEET - continued
31 MARCH 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 19 October 2023 and were signed on its behalf by:





I.M. Fieldsend - Director


INTERPHASE INTERIORS LTD (REGISTERED NUMBER: 06191479)

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


1. STATUTORY INFORMATION

Interphase Interiors Ltd 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.

The company meets its day to day working capital requirements through supplier credit, bank loans and a loan from the directors.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

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 2008, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Workshop - 10% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 40% reducing balance
Computer equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current 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 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.

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 2 (2022 - 3 ) .

INTERPHASE INTERIORS LTD (REGISTERED NUMBER: 06191479)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 60,000
AMORTISATION
At 1 April 2022
and 31 March 2023 60,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
Workshop machinery fittings
£    £    £   
COST
At 1 April 2022 36,417 1,329 5,317
Additions - - -
Disposals - (556 ) (5,206 )
At 31 March 2023 36,417 773 111
DEPRECIATION
At 1 April 2022 23,719 711 5,227
Charge for year 1,270 140 33
Eliminated on disposal - (556 ) (5,206 )
At 31 March 2023 24,989 295 54
NET BOOK VALUE
At 31 March 2023 11,428 478 57
At 31 March 2022 12,698 618 90

INTERPHASE INTERIORS LTD (REGISTERED NUMBER: 06191479)

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


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 11,836 15,752 70,651
Additions - 65 65
Disposals - (10,738 ) (16,500 )
At 31 March 2023 11,836 5,079 54,216
DEPRECIATION
At 1 April 2022 9,136 13,049 51,842
Charge for year 810 1,164 3,417
Eliminated on disposal - (10,738 ) (16,500 )
At 31 March 2023 9,946 3,475 38,759
NET BOOK VALUE
At 31 March 2023 1,890 1,604 15,457
At 31 March 2022 2,700 2,703 18,809

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 6,793
Other debtors - 2,706
Directors' loan account 4,976 -
4,976 9,499

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,872 6,801
Trade creditors 8,553 2,056
Corporation tax 3,477 14,299
Social security and other taxes 244 60
VAT 1,674 6,398
Other creditors 13,740 1,200
Directors' loan account - 4
Accruals and deferred income 1,409 3,199
35,969 34,017

INTERPHASE INTERIORS LTD (REGISTERED NUMBER: 06191479)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 7,163 6,973
Bank loans - 2-5 years 8,599 15,457
15,762 22,430

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
I.M. Fieldsend and P.C. Fieldsend
Balance outstanding at start of year (4 ) 9,754
Amounts advanced 4,980 -
Amounts repaid - (9,758 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,976 (4 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is I.M. Fieldsend.

The ultimate controlling party is P.C. Fieldsend.