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REGISTERED NUMBER: 08488706 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2023

FOR

XPRESSIVE INTERIORS LIMITED

XPRESSIVE INTERIORS LIMITED (REGISTERED NUMBER: 08488706)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


XPRESSIVE INTERIORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2023







DIRECTOR: A Wyn-Jones





REGISTERED OFFICE: 26 Sunnyside Avenue
Wilpshire
Blackburn
Lancashire
BB1 9LW





REGISTERED NUMBER: 08488706 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

XPRESSIVE INTERIORS LIMITED (REGISTERED NUMBER: 08488706)

BALANCE SHEET
30TH APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 68,586 90,095
68,586 90,095

CURRENT ASSETS
Debtors 6 161,816 885,365
Cash at bank 377,973 86,847
539,789 972,212
CREDITORS
Amounts falling due within one year 7 268,017 854,842
NET CURRENT ASSETS 271,772 117,370
TOTAL ASSETS LESS CURRENT
LIABILITIES

340,358

207,465

CREDITORS
Amounts falling due after more than one year 8 (32,694 ) (53,096 )

PROVISIONS FOR LIABILITIES (4,001 ) (6,490 )
NET ASSETS 303,663 147,879

CAPITAL AND RESERVES
Called up share capital 41 41
Retained earnings 303,622 147,838
SHAREHOLDERS' FUNDS 303,663 147,879

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

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

XPRESSIVE INTERIORS LIMITED (REGISTERED NUMBER: 08488706)

BALANCE SHEET - continued
30TH APRIL 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 director and authorised for issue on 21st November 2023 and were signed by:





A Wyn-Jones - Director


XPRESSIVE INTERIORS LIMITED (REGISTERED NUMBER: 08488706)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023


1. STATUTORY INFORMATION

Xpressive 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.

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.

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.

Website development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

XPRESSIVE INTERIORS LIMITED (REGISTERED NUMBER: 08488706)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023


2. ACCOUNTING POLICIES - continued

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 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st May 2022
and 30th April 2023 1,100
AMORTISATION
At 1st May 2022
and 30th April 2023 1,100
NET BOOK VALUE
At 30th April 2023 -
At 30th April 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2022 137,572
Additions 1,114
At 30th April 2023 138,686
DEPRECIATION
At 1st May 2022 47,477
Charge for year 22,623
At 30th April 2023 70,100
NET BOOK VALUE
At 30th April 2023 68,586
At 30th April 2022 90,095

XPRESSIVE INTERIORS LIMITED (REGISTERED NUMBER: 08488706)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st May 2022 103,356
Additions 64,424
At 30th April 2023 167,780
DEPRECIATION
At 1st May 2022 25,093
Charge for year 20,908
At 30th April 2023 46,001
NET BOOK VALUE
At 30th April 2023 121,779
At 30th April 2022 78,263

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 158,580 865,494
Other debtors 3,236 19,871
161,816 885,365

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts - 382
Hire purchase contracts 20,402 20,402
Trade creditors 125,986 148,348
Taxation and social security 111,347 148,304
Other creditors 10,282 537,406
268,017 854,842

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Hire purchase contracts 32,694 53,096

XPRESSIVE INTERIORS LIMITED (REGISTERED NUMBER: 08488706)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2023 and 30th April 2022:

30.4.23 30.4.22
£    £   
A Wyn-Jones
Balance outstanding at start of year 806 9,071
Amounts advanced 200,242 193,479
Amounts repaid (201,293 ) (201,744 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (245 ) 806

Director's loan is interest free and is repayable on demand.