Scala Interiors Limited 07330287 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is construction of staircases. Digita Accounts Production Advanced 6.30.9574.0 true true 07330287 2022-04-01 2023-03-31 07330287 2023-03-31 07330287 core:RetainedEarningsAccumulatedLosses 2023-03-31 07330287 core:ShareCapital 2023-03-31 07330287 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07330287 core:OtherPropertyPlantEquipment 2023-03-31 07330287 bus:SmallEntities 2022-04-01 2023-03-31 07330287 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07330287 bus:FullAccounts 2022-04-01 2023-03-31 07330287 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07330287 bus:RegisteredOffice 2022-04-01 2023-03-31 07330287 bus:Director1 2022-04-01 2023-03-31 07330287 bus:Director2 2022-04-01 2023-03-31 07330287 bus:Director3 2022-04-01 2023-03-31 07330287 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07330287 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 07330287 core:PlantMachinery 2022-04-01 2023-03-31 07330287 countries:AllCountries 2022-04-01 2023-03-31 07330287 2022-03-31 07330287 core:OtherPropertyPlantEquipment 2022-03-31 07330287 2021-04-01 2022-03-31 07330287 2022-03-31 07330287 core:RetainedEarningsAccumulatedLosses 2022-03-31 07330287 core:ShareCapital 2022-03-31 07330287 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 07330287 core:OtherPropertyPlantEquipment 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 07330287

Scala Interiors Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Scala Interiors Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Scala Interiors Limited

Company Information

Directors

Mr Russell John Harwood

Mr Philip Crowe

Mr Stuart Colin Harwood

Registered office

Station House Station Road
Whalley
Clitheroe
Lancashire
BB7 9RT

 

Scala Interiors Limited

(Registration number: 07330287)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

373

439

Current assets

 

Stocks

5

7,144

10,911

Debtors

6

30,015

79,473

Cash at bank and in hand

 

209,405

150,330

 

246,564

240,714

Creditors: Amounts falling due within one year

7

(175,439)

(220,124)

Net current assets

 

71,125

20,590

Net assets

 

71,498

21,029

Capital and Reserves

 

Called up share capital

150

150

Profit and loss account

71,348

20,879

Shareholders' funds

 

71,498

21,029

For the financial year ending 31 March 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 year 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 14 November 2023 and signed on its behalf by:
 


Mr Russell John Harwood
Director


Mr Philip Crowe
Director


Mr Stuart Colin Harwood
Director

     
 

Scala Interiors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
Station House Station Road
Whalley
Clitheroe
Lancashire
BB7 9RT
Great Britain

These financial statements were authorised for issue by the Board on 14 November 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.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Scala Interiors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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

Plant and machinery

15% 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

 

Scala Interiors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2022

462

462

At 31 March 2023

462

462

Depreciation

At 1 April 2022

23

23

Charge for the year

66

66

At 31 March 2023

89

89

Carrying amount

At 31 March 2023

373

373

At 31 March 2022

439

439

5

Stocks

2023
£

2022
£

Work in progress

7,144

10,911

 

Scala Interiors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Debtors

Current

2023
£

2022
£

Trade debtors

29,916

79,374

Prepayments

99

99

 

30,015

79,473

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

12,493

25,491

Taxation and social security

20,945

14,224

Accruals and deferred income

103,844

105,391

Directors' loan account

37,300

72,700

Credit card

261

482

Amounts owed to related parties

596

1,836

175,439

220,124