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REGISTERED NUMBER: 11833934 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

CONTEMPORARY INTERIORS LTD

CONTEMPORARY INTERIORS LTD (Registered number: 11833934)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CONTEMPORARY INTERIORS LTD

Company Information
for the Year Ended 29 February 2024







DIRECTOR: R Miron





REGISTERED OFFICE: 13 Woolpack Grange
Oakridge Park
Milton Keynes
MK14 6GP





REGISTERED NUMBER: 11833934 (England and Wales)





ACCOUNTANTS: GCA Associates
50 Roundhills
Waltham Abbey
Essex
EN9 1TP

CONTEMPORARY INTERIORS LTD (Registered number: 11833934)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,294 11,744

CURRENT ASSETS
Debtors 5 68,029 81,639
Cash at bank and in hand 7,732 8,218
75,761 89,857
CREDITORS
Amounts falling due within one year 6 61,224 84,035
NET CURRENT ASSETS 14,537 5,822
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,831

17,566

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 7 23,811 17,546
SHAREHOLDERS' FUNDS 23,831 17,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CONTEMPORARY INTERIORS LTD (Registered number: 11833934)

Balance Sheet - continued
29 February 2024


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 6 July 2024 and were signed by:





R Miron - Director


CONTEMPORARY INTERIORS LTD (Registered number: 11833934)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

CONTEMPORARY INTERIORS LTD 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CONTEMPORARY INTERIORS LTD (Registered number: 11833934)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 11,657 8,691 4,810 25,158
Additions - - 604 604
At 29 February 2024 11,657 8,691 5,414 25,762
DEPRECIATION
At 1 March 2023 5,529 5,025 2,860 13,414
Charge for year 1,532 917 605 3,054
At 29 February 2024 7,061 5,942 3,465 16,468
NET BOOK VALUE
At 29 February 2024 4,596 2,749 1,949 9,294
At 28 February 2023 6,128 3,666 1,950 11,744

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 35,033 33,294
CIS debtors 32,996 48,345
68,029 81,639

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 50,955 72,595
Tax 5,059 7,124
VAT 5,210 4,316
61,224 84,035

7. RESERVES
Retained
earnings
£   

At 1 March 2023 17,546
Profit for the year 18,265
Dividends (12,000 )
At 29 February 2024 23,811

CONTEMPORARY INTERIORS LTD (Registered number: 11833934)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. ULTIMATE CONTROLLING PARTY

The controlling party is R Miron.