Indifold Doors Limited 12510502 false 2022-04-01 2023-05-31 2023-05-31 The principal activity of the company is other retail sale in non-specialised stores. Digita Accounts Production Advanced 6.30.9574.0 true true 12510502 2022-04-01 2023-05-31 12510502 2023-05-31 12510502 core:CurrentFinancialInstruments 2023-05-31 12510502 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 12510502 core:FurnitureFittingsToolsEquipment 2023-05-31 12510502 bus:SmallEntities 2022-04-01 2023-05-31 12510502 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-05-31 12510502 bus:FullAccounts 2022-04-01 2023-05-31 12510502 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-05-31 12510502 bus:RegisteredOffice 2022-04-01 2023-05-31 12510502 bus:Director2 2022-04-01 2023-05-31 12510502 bus:Director3 2022-04-01 2023-05-31 12510502 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-05-31 12510502 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-05-31 12510502 core:OtherRelatedParties 2022-04-01 2023-05-31 12510502 core:ParentEntities 2022-04-01 2023-05-31 12510502 countries:AllCountries 2022-04-01 2023-05-31 12510502 2021-04-01 2022-03-31 12510502 2022-03-31 12510502 core:CurrentFinancialInstruments 2022-03-31 12510502 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 12510502 core:FurnitureFittingsToolsEquipment 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 12510502

Indifold Doors Limited

Unaudited Filleted Financial Statements

for the Period from 1 April 2022 to 31 May 2023

 

Indifold Doors Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Indifold Doors Limited

Company Information

Directors

Mr A C Barraclough

Mr B T Weber

Registered office

Unit 24
Flush Mills
Heckmondwike
Yorkshire
WF16 0EN

Accountants

Walker & Sutcliffe
12 Greenhead Road
Huddersfield
West Yorkshire
HD1 4EN

 

Indifold Doors Limited

(Registration number: 12510502)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

2,083

Current assets

 

Debtors

5

100

143

Cash at bank and in hand

 

-

25,791

 

100

25,934

Creditors: Amounts falling due within one year

6

-

(59,131)

Net current assets/(liabilities)

 

100

(33,197)

Net assets/(liabilities)

 

100

(31,114)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

-

(31,214)

Shareholders' funds/(deficit)

 

100

(31,114)

For the financial period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 October 2023 and signed on its behalf by:
 

.........................................
Mr A C Barraclough
Director

 

Indifold Doors Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 24
Flush Mills
Heckmondwike
Yorkshire
WF16 0EN
United Kingdom

These financial statements were authorised for issue by the Board on 30 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is £ sterling, rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Indifold Doors Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 May 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2022 - 2).

 

Indifold Doors Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 May 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Depreciation

Carrying amount

At 31 May 2023

-

-

At 31 March 2022

2,083

2,083

5

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

-

(5,361)

Amounts owed by related parties

7

100

-

Other debtors

 

-

5,504

   

100

143

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

-

(2,048)

Taxation and social security

-

2,469

Accruals and deferred income

-

1,410

Other creditors

-

57,300

-

59,131

 

Indifold Doors Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 May 2023

7

Related party transactions

Summary of transactions with parent

Audasi Holdings Limited
(Parent Company)

 During the year the company received loans of £Nil (2022 : £31,114) and repaid loan of £31,214 (2022 : £Nil). At the balance sheet date the amount owed to/(by) the company was £100 (2022 : £31,114).
 

Summary of transactions with other related parties

Style Depot Limited
(A related party)

During the year the company received loans of £Nil (2022: £Nil) and repaid loans of £Nil (2022 : £12,766). At the balance sheet that the amount owed by the company was £Nil (2022: £Nil).