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REGISTERED NUMBER: 07869019 (England and Wales)













Unaudited Financial Statements for the Year Ended 31 March 2023

for

NAKEN INTERIORS LIMITED

NAKEN INTERIORS LIMITED (REGISTERED NUMBER: 07869019)






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


NAKEN INTERIORS LIMITED

Company Information
for the year ended 31 March 2023







DIRECTORS: T Tipple
B G Haxby





REGISTERED OFFICE: Unit 7 Becks Green
Becks Green Lane
Ilketshall St Andrew
Beccles
Suffolk
NR34 8NB





REGISTERED NUMBER: 07869019 (England and Wales)





ACCOUNTANTS: Stephenson Smart
Chartered Accountants
Queens Head House
The Street
Acle
Norwich
NR13 3DY

NAKEN INTERIORS LIMITED (REGISTERED NUMBER: 07869019)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,410 12,793
Tangible assets 5 5,004 6,519
22,414 19,312

CURRENT ASSETS
Stocks 156,917 147,881
Debtors 6 32,577 28,290
Cash at bank 54,529 176,141
244,023 352,312
CREDITORS
Amounts falling due within one year 7 217,522 228,310
NET CURRENT ASSETS 26,501 124,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,915

143,314

CREDITORS
Amounts falling due after more than one
year

8

187,800

242,757
NET LIABILITIES (138,885 ) (99,443 )

CAPITAL AND RESERVES
Called up share capital 12,100 12,100
Retained earnings (150,985 ) (111,543 )
SHAREHOLDERS' FUNDS (138,885 ) (99,443 )

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.

NAKEN INTERIORS LIMITED (REGISTERED NUMBER: 07869019)

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 16 November 2023 and were signed on its behalf by:




T Tipple - Director



B G Haxby - Director


NAKEN INTERIORS LIMITED (REGISTERED NUMBER: 07869019)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Naken 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 costs.

The company's website is being amortised over its 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.
Plant and machinery etc - 33% on cost and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

NAKEN INTERIORS LIMITED (REGISTERED NUMBER: 07869019)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022 92,339
Additions 18,608
At 31 March 2023 110,947
AMORTISATION
At 1 April 2022 79,546
Charge for year 13,991
At 31 March 2023 93,537
NET BOOK VALUE
At 31 March 2023 17,410
At 31 March 2022 12,793

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 19,844
DEPRECIATION
At 1 April 2022 13,325
Charge for year 1,515
At 31 March 2023 14,840
NET BOOK VALUE
At 31 March 2023 5,004
At 31 March 2022 6,519

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 4,287 -
Other debtors 28,290 28,290
32,577 28,290

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 54,957 50,816
Trade creditors 113,433 128,745
Taxation and social security 37,132 35,249
Other creditors 12,000 13,500
217,522 228,310

NAKEN INTERIORS LIMITED (REGISTERED NUMBER: 07869019)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 186,627 241,584
Other creditors 1,173 1,173
187,800 242,757

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Between one and five years 9,472 18,944