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REGISTERED NUMBER: 11736621 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

INTERIOR FX LIMITED

INTERIOR FX LIMITED (REGISTERED NUMBER: 11736621)






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


INTERIOR FX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: W J Day
M B Welding
A Mason





REGISTERED OFFICE: Unit 2 Maizefield
Hinckley Fields Ind Est
Hinckley
Leicestershire
LE10 1YF





REGISTERED NUMBER: 11736621 (England and Wales)





ACCOUNTANTS: Armstrongs Bishop Simmons
Chartered Accountants and Tax Advisors
Gethin House
36 Bond Street
Nuneaton
Warwickshire
CV11 4DA

INTERIOR FX LIMITED (REGISTERED NUMBER: 11736621)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,576 14,102

CURRENT ASSETS
Stocks 102,000 -
Debtors 5 59,412 73,911
Cash at bank 120,061 162,748
281,473 236,659
CREDITORS
Amounts falling due within one year 6 180,998 146,776
NET CURRENT ASSETS 100,475 89,883
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,051

103,985

CREDITORS
Amounts falling due after more than one
year

7

72,500

102,500
NET ASSETS 38,551 1,485

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 38,451 1,385
SHAREHOLDERS' FUNDS 38,551 1,485

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.

INTERIOR FX LIMITED (REGISTERED NUMBER: 11736621)

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 2 April 2024 and were signed on its behalf by:





W J Day - Director


INTERIOR FX LIMITED (REGISTERED NUMBER: 11736621)

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

1. STATUTORY INFORMATION

Interior FX 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

INTERIOR FX LIMITED (REGISTERED NUMBER: 11736621)

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 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 44,568
DEPRECIATION
At 1 January 2023 30,466
Charge for year 3,526
At 31 December 2023 33,992
NET BOOK VALUE
At 31 December 2023 10,576
At 31 December 2022 14,102

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 456 23,706
Amounts owed by group undertakings 56,544 30,000
Other debtors 2,412 20,205
59,412 73,911

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,000 30,000
Trade creditors 3,232 -
Corporation tax 9,540 1,419
Social security and other taxes 12,342 4,697
VAT 23,923 28,476
Other creditors 70,774 59,213
Directors' current accounts 28,287 20,331
Accrued expenses 2,900 2,640
180,998 146,776

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 72,500 102,500

INTERIOR FX LIMITED (REGISTERED NUMBER: 11736621)

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

8. RELATED PARTY DISCLOSURE

Included in other creditors at the year end is a balance of £70,311 due to Lime Kilns Hinckley Limited, a company of which W Day is a Director and Shareholder.

Included in amounts owed from group undertakings is a balance of £30,000 due from M & A Premier Limited a company which owns 49 Ordinary A shares in Interior FX Limited. The amount is interest free and repayable on demand.