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REGISTERED NUMBER: 11216084 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

URBANE INTERIORS LIMITED

URBANE INTERIORS LIMITED (REGISTERED NUMBER: 11216084)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


URBANE INTERIORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Mr A Taylor





REGISTERED OFFICE: Mackenzies Accountants
4 Kings Row
Armstrong Road
Maidstone
Kent
ME15 6AQ





REGISTERED NUMBER: 11216084 (England and Wales)





ACCOUNTANTS: Mackenzies Accountants Limited
Chartered Accountants
4 Kings Row
Armstrong Road
Maidstone
Kent
ME15 6AQ

URBANE INTERIORS LIMITED (REGISTERED NUMBER: 11216084)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 3 4,838 6,451

CURRENT ASSETS
Debtors 4 4,729 4,729

CREDITORS
Amounts falling due within one year 5 7,535 7,803
NET CURRENT LIABILITIES (2,806 ) (3,074 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,032

3,377

CREDITORS
Amounts falling due after more than one
year

6

-

(794

)

PROVISIONS FOR LIABILITIES 7 (919 ) (1,226 )
NET ASSETS 1,113 1,357

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,013 1,257
SHAREHOLDERS' FUNDS 1,113 1,357

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

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

URBANE INTERIORS LIMITED (REGISTERED NUMBER: 11216084)

BALANCE SHEET - continued
28 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 November 2023 and were signed by:





Mr A Taylor - Director


URBANE INTERIORS LIMITED (REGISTERED NUMBER: 11216084)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. 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.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

URBANE INTERIORS LIMITED (REGISTERED NUMBER: 11216084)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


3. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 March 2022
and 28 February 2023 14,000
DEPRECIATION
At 1 March 2022 7,549
Charge for year 1,613
At 28 February 2023 9,162
NET BOOK VALUE
At 28 February 2023 4,838
At 28 February 2022 6,451

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£
COST
At 1 March 2022
and 28 February 2023 14,000
DEPRECIATION
At 1 March 2022 7,549
Charge for year 1,613
At 28 February 2023 9,162
NET BOOK VALUE
At 28 February 2023 4,838
At 28 February 2022 6,451

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 4,729 4,729

Other debtors consists of CIS tax suffered which is repayable to the company of £4,729 (2022: £4,729)

URBANE INTERIORS LIMITED (REGISTERED NUMBER: 11216084)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Hire purchase contracts 794 2,946
Tax 4,471 2,532
Social security and other taxes 427 352
Directors' current accounts 1,537 1,667
Accrued expenses 306 306
7,535 7,803

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Hire purchase contracts - 794

7. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax 919 1,226

Deferred tax
£
Balance at 1 March 2022 1,226
Provided during year (307 )
Balance at 28 February 2023 919

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A Taylor.