Company Registration No. 08075968 (England and Wales)
INTERIORS IDEA LTD
Unaudited accounts
for the year ended 31 May 2023
INTERIORS IDEA LTD
Unaudited accounts
Contents
INTERIORS IDEA LTD
Company Information
for the year ended 31 May 2023
Company Number
08075968 (England and Wales)
Registered Office
14 JOPLING ROAD
BISLEY
WOKING
GU24 9FN
ENGLAND
Accountants
SM Accounts Ltd
Building 51
Budds Lane
Bordon
GU35 0FJ
INTERIORS IDEA LTD
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
108,763
Creditors: amounts falling due within one year
(52,965)
Net current assets
113,466
Total assets less current liabilities
167,372
Creditors: amounts falling due after more than one year
(20,100)
Called up share capital
100
Profit and loss account
147,172
Shareholders' funds
147,272
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 February 2024 and were signed on its behalf by
KANIA, Krzysztof
Director
Company Registration No. 08075968
INTERIORS IDEA LTD
Notes to the Accounts
for the year ended 31 May 2023
INTERIORS IDEA LTD is a private company, limited by shares, registered in England and Wales, registration number 08075968. The registered office is 14 JOPLING ROAD, BISLEY, WOKING, GU24 9FN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2022
76,412
2,787
79,199
At 31 May 2023
76,412
6,255
82,667
At 1 June 2022
15,417
1,064
16,481
Charge for the year
11,557
723
12,280
At 31 May 2023
26,974
1,787
28,761
At 31 May 2023
49,438
4,468
53,906
INTERIORS IDEA LTD
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Accrued income and prepayments
588
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
Bank loans and overdrafts
10,648
Taxes and social security
13,172
Loans from directors
14,332
7
Creditors: amounts falling due after more than one year
2023
8
Average number of employees
During the year the average number of employees was 2.