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REGISTERED NUMBER: 02684050 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Concept Interiors Neston Limited

Concept Interiors Neston Limited (Registered number: 02684050)






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


Concept Interiors Neston Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Miss F Hughes





REGISTERED OFFICE: 10, High Street,
Neston,
Cheshire
CH64 9TY





REGISTERED NUMBER: 02684050 (England and Wales)





ACCOUNTANTS: Johnstone Howell & Co
104 Whitby Road
Ellesmere Port
Cheshire
CH65 0AB

Concept Interiors Neston Limited (Registered number: 02684050)

Balance Sheet
28 February 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 650 1,918

CURRENT ASSETS
Stocks 19,382 23,616
Debtors 5 9,006 14,993
Cash at bank 27,831 29,133
56,219 67,742
CREDITORS
Amounts falling due within one year 6 21,132 35,129
NET CURRENT ASSETS 35,087 32,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,737

34,531

PROVISIONS FOR LIABILITIES 64 291
NET ASSETS 35,673 34,240

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 35,573 34,140
SHAREHOLDERS' FUNDS 35,673 34,240

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 her 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.

Concept Interiors Neston Limited (Registered number: 02684050)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2023 and were signed by:





Miss F Hughes - Director


Concept Interiors Neston Limited (Registered number: 02684050)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Concept Interiors Neston 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the entity.

Turnover
Turnover comprises the fair value of the sale of goods net of vat, rebates and discounts. Sales of goods are recognised when the company has delivered the goods to the customer.

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 - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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.

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.

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

Concept Interiors Neston Limited (Registered number: 02684050)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 March 2022
and 28 February 2023 6,836 22,780 20,829 2,820 53,265
DEPRECIATION
At 1 March 2022 6,206 22,679 19,643 2,819 51,347
Charge for year 63 20 1,185 - 1,268
At 28 February 2023 6,269 22,699 20,828 2,819 52,615
NET BOOK VALUE
At 28 February 2023 567 81 1 1 650
At 28 February 2022 630 101 1,186 1 1,918

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 7,818 13,346
Prepayments and accrued income 1,188 1,647
9,006 14,993

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 5,827 20,004
Tax 563 4,564
Social security and other taxes 803 1,655
VAT 7,801 3,474
Sundry creditors and accruals 4,884 5,419
Directors' current accounts 1,254 13
21,132 35,129

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 14,000 14,000
Between one and five years 56,000 56,000
In more than five years - 14,000
70,000 84,000

Concept Interiors Neston Limited (Registered number: 02684050)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CALLED UP SHARE CAPITAL

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

9. RESERVES
Retained
earnings
£

At 1 March 2022 34,140
Profit for the year 1,433
At 28 February 2023 35,573

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss F Hughes.