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REGISTERED NUMBER: 03838243 (England and Wales)









ORNATE INTERIORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






ORNATE INTERIORS LIMITED (REGISTERED NUMBER: 03838243)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ORNATE INTERIORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr J R Clifford
Mr I P Clifford
Mr R Clifford
Mrs L S Clifford
Mrs S E Clifford





SECRETARY: Mr J R Clifford





REGISTERED OFFICE: Acorn Works
534 Broad Lane Stanningley
Pudsey Leeds
West Yorkshire
LS28 6PA





REGISTERED NUMBER: 03838243 (England and Wales)





ACCOUNTANTS: KTC
Chartered Certified Accountants
80 West View
Barlby Road
Selby
North Yorkshire
YO8 5BD

ORNATE INTERIORS LIMITED (REGISTERED NUMBER: 03838243)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 108,608 126,979

CURRENT ASSETS
Debtors 5 703,244 649,353
Cash at bank and in hand 834,366 825,417
1,537,610 1,474,770
CREDITORS
Amounts falling due within one year 6 292,084 284,259
NET CURRENT ASSETS 1,245,526 1,190,511
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,354,134

1,317,490

PROVISIONS FOR LIABILITIES 24,061 27,992
NET ASSETS 1,330,073 1,289,498

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,329,973 1,289,398
SHAREHOLDERS' FUNDS 1,330,073 1,289,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

ORNATE INTERIORS LIMITED (REGISTERED NUMBER: 03838243)

BALANCE SHEET - continued
31 DECEMBER 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 7 March 2024 and were signed on its behalf by:





Mr J R Clifford - Director


ORNATE INTERIORS LIMITED (REGISTERED NUMBER: 03838243)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Ornate 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

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.

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.

ORNATE INTERIORS LIMITED (REGISTERED NUMBER: 03838243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 39,496 57,065 216,006 74,885 387,452
Additions 1,581 13,581 - 2,832 17,994
At 31 December 2023 41,077 70,646 216,006 77,717 405,446
DEPRECIATION
At 1 January 2023 32,747 48,401 118,593 60,732 260,473
Charge for year 2,117 5,341 24,364 4,543 36,365
At 31 December 2023 34,864 53,742 142,957 65,275 296,838
NET BOOK VALUE
At 31 December 2023 6,213 16,904 73,049 12,442 108,608
At 31 December 2022 6,749 8,664 97,413 14,153 126,979

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 326,035 216,596
Directors' current accounts 253,717 352,407
Tax 54,812 54,812
Prepayments and accrued income 68,680 25,538
703,244 649,353

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 36,878 32,539
Corporation tax 215,369 199,772
Tax and social security 20,325 17,611
VAT 305 13,201
Accrued expenses 19,207 21,136
292,084 284,259

ORNATE INTERIORS LIMITED (REGISTERED NUMBER: 03838243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr J R Clifford
Balance outstanding at start of year 88,101 (8 )
Amounts advanced 22,828 89,822
Amounts repaid (47,500 ) (1,713 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 63,429 88,101

Mrs S E Clifford
Balance outstanding at start of year 88,102 (8 )
Amounts advanced 22,828 89,822
Amounts repaid (47,500 ) (1,712 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 63,430 88,102

Mr I P Clifford
Balance outstanding at start of year 88,102 (8 )
Amounts advanced 22,827 89,822
Amounts repaid (47,500 ) (1,712 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 63,429 88,102

Mrs L S Clifford
Balance outstanding at start of year 88,102 (7 )
Amounts advanced 22,827 89,821
Amounts repaid (47,500 ) (1,712 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 63,429 88,102

The loans operate on an interest free basis and are repayable on demand.