Registered number
06341825
Interior Solutions GB Ltd
Filleted Accounts
31 August 2023
Interior Solutions GB Ltd
Registered number: 06341825
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,912 6,550
Current assets
Debtors 4 1,172 -
Cash at bank and in hand 8,018 12,318
9,190 12,318
Creditors: amounts falling due within one year 5 (7,679) (2,614)
Net current assets 1,511 9,704
Total assets less current liabilities 6,423 16,254
Creditors: amounts falling due after more than one year 6 (5,833) (7,833)
Net assets 590 8,421
Capital and reserves
Called up share capital 1 1
Profit and loss account 589 8,420
Shareholder's funds 590 8,421
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Bown
Director
Approved by the board on 28 March 2024
Interior Solutions GB Ltd
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2022 1,524 13,416 14,940
At 31 August 2023 1,524 13,416 14,940
Depreciation
At 1 September 2022 633 7,757 8,390
Charge for the year 223 1,415 1,638
At 31 August 2023 856 9,172 10,028
Net book value
At 31 August 2023 668 4,244 4,912
At 31 August 2022 891 5,659 6,550
4 Debtors 2023 2022
£ £
Other debtors 1,172 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs (161) 452
Other creditors 7,840 2,162
7,679 2,614
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 5,833 7,833
7 Other information
Interior Solutions GB Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Temperance House
Langdon Lane
Radway
Warwickshire
CV35 0UQ
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