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REGISTERED NUMBER: 02712969 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

CONSTRUCTION INTERIOR DESIGN
LIMITED

CONSTRUCTION INTERIOR DESIGN
LIMITED (REGISTERED NUMBER: 02712969)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CONSTRUCTION INTERIOR DESIGN
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2024







DIRECTORS: Mr A B Mohammed
Mr A Bullough





REGISTERED OFFICE: 5 Old Station Yard
Ashwell
Oakham
Rutland
LE15 7SP





REGISTERED NUMBER: 02712969 (England and Wales)

CONSTRUCTION INTERIOR DESIGN
LIMITED (REGISTERED NUMBER: 02712969)

BALANCE SHEET
28 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,904 65,012

CURRENT ASSETS
Stocks 5 11,850 11,850
Debtors 6 2,523,684 2,546,768
Cash at bank 651,475 266,877
3,187,009 2,825,495
CREDITORS
Amounts falling due within one year 7 1,826,682 1,413,518
NET CURRENT ASSETS 1,360,327 1,411,977
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,413,231

1,476,989

CREDITORS
Amounts falling due after more than one
year

8

(73,194

)

(122,032

)

PROVISIONS FOR LIABILITIES (11,014 ) (10,669 )
NET ASSETS 1,329,023 1,344,288

CAPITAL AND RESERVES
Called up share capital 50,001 50,002
Retained earnings 1,279,022 1,294,286
SHAREHOLDERS' FUNDS 1,329,023 1,344,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 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.

CONSTRUCTION INTERIOR DESIGN
LIMITED (REGISTERED NUMBER: 02712969)

BALANCE SHEET - continued
28 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 Board of Directors and authorised for issue on 29 May 2024 and were signed on its behalf by:




Mr A B Mohammed - Director



Mr A Bullough - Director


CONSTRUCTION INTERIOR DESIGN
LIMITED (REGISTERED NUMBER: 02712969)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024


1. STATUTORY INFORMATION

Construction Interior Design 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
Revenue comprises the fair value for the provision of services excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts.

The company supplies services to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on provision of the services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

Fixed assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable or as otherwise required by relevant accounting standards.

Shortfalls between the carrying value of fixed assets and their recoverable amounts, being the higher of fair value less costs to sell and value-in-use, are recognised as impairment losses. Impairments of revalued assets are treated as a revaluation decrease. All other impairment losses are recognised in profit and loss.

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

Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

CONSTRUCTION INTERIOR DESIGN
LIMITED (REGISTERED NUMBER: 02712969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Long term contracts
The attributable profit on long term contracts is recognised once their outcome can be assessed with reasonable certainty. The profit recognised reflects the proportion of work completed to date on the project.

Costs associated with long term contracts are included in the work in progress to the extent that they cannot be matched with contract work accounted for as turnover. Long term contract balances included in work in progress are stated at cost, after provision has been made for any foreseeable losses and the deduction of applicable payments on account.

Full provision is made for losses on all contracts in the year in which the loss is first foreseen.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 14 ) .

CONSTRUCTION INTERIOR DESIGN
LIMITED (REGISTERED NUMBER: 02712969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2023 147,912 54,613 229,858 432,383
Additions - - 34,990 34,990
Disposals - - (25,480 ) (25,480 )
At 28 February 2024 147,912 54,613 239,368 441,893
DEPRECIATION
At 1 March 2023 144,560 49,488 173,323 367,371
Charge for year 2,688 1,577 23,723 27,988
Eliminated on disposal - - (6,370 ) (6,370 )
At 28 February 2024 147,248 51,065 190,676 388,989
NET BOOK VALUE
At 28 February 2024 664 3,548 48,692 52,904
At 28 February 2023 3,352 5,125 56,535 65,012

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023 29,900
Additions 34,990
At 28 February 2024 64,890
DEPRECIATION
At 1 March 2023 7,475
Charge for year 16,223
At 28 February 2024 23,698
NET BOOK VALUE
At 28 February 2024 41,192
At 28 February 2023 22,425

5. STOCKS
2024 2023
£    £   
Stocks 11,850 11,850

CONSTRUCTION INTERIOR DESIGN
LIMITED (REGISTERED NUMBER: 02712969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,461,270 1,369,064
Amounts recoverable on contract 683,048 800,228
Other debtors 5,278 4,840
Retentions 295,863 225,026
Directors' current accounts 26,240 -
Taxation - 28,500
VAT 12,132 87,577
Prepayments 39,853 31,533
2,523,684 2,546,768

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 46,875 46,875
Hire purchase contracts 18,303 8,970
Payments on account 1,137,698 757,952
Trade creditors 513,140 480,985
Taxation 24,446 46,474
Paye/Ni payable 33,342 (3,970 )
Other creditors 3,838 3,311
Directors' current accounts - 24,896
Accruals and deferred income 49,040 48,025
1,826,682 1,413,518

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 56,793 62,500
Bank loans - 2-5 years - 44,272
Hire purchase contracts 16,401 15,260
73,194 122,032

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 34,704 24,230

The hire purchase loans are secured on the assets to which they relate.