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Company Registration No. 07962389 (England and Wales)
Susan Osbourne Interiors Limited Unaudited accounts for the year ended 29 February 2024
Susan Osbourne Interiors Limited Unaudited accounts Contents
Page
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Susan Osbourne Interiors Limited Company Information for the year ended 29 February 2024
Director
S Tusder
Company Number
07962389 (England and Wales)
Registered Office
2 Paul Gardens Croydon Surrey CR0 5QL England
Accountants
Milton & Co International Accountants 2 Paul Gardens Croydon Surrey CR0 5QL
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Susan Osbourne Interiors Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,822 
5,095 
Current assets
Inventories
38,000 
20,000 
Cash at bank and in hand
824 
163,487 
38,824 
183,487 
Creditors: amounts falling due within one year
(65,082)
(184,668)
Net current liabilities
(26,258)
(1,181)
Total assets less current liabilities
(22,436)
3,914 
Creditors: amounts falling due after more than one year
(22,436)
(32,639)
Net liabilities
(44,872)
(28,725)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(44,873)
(28,726)
Shareholders' funds
(44,872)
(28,725)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 July 2024 and were signed on its behalf by
S Tusder Director Company Registration No. 07962389
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Susan Osbourne Interiors Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Susan Osbourne Interiors Limited is a private company, limited by shares, registered in England and Wales, registration number 07962389. The registered office is 2 Paul Gardens, Croydon, Surrey, CR0 5QL, England. The principal place of business is 83 GOLBORNE ROAD, LONDON, W10 5NL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance basis
Computer equipment
25% reducing balance basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Principal Activities
The principal activity of the Company is that of Specialised Design Activities including Second Hand Furniture.
Dividends
The Director does not recommend the payment of any Dividends.
Going concern
The accounts have been drawn up on the going concern basis following the Director’s assessment of the company’s ability to trade for at least 12 months from the date these accounts have been approved. In conclusion, whilst there is some uncertainty, the Director does not believe there is a material uncertainty which casts significant doubt on the company’s ability to continue to trade.
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Susan Osbourne Interiors Limited Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
21,000 
620 
21,620 
At 29 February 2024
21,000 
620 
21,620 
Depreciation
At 1 March 2023
16,016 
509 
16,525 
Charge for the year
1,246 
27 
1,273 
At 29 February 2024
17,262 
536 
17,798 
Net book value
At 29 February 2024
3,738 
84 
3,822 
At 28 February 2023
4,984 
111 
5,095 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
56,235 
166,965 
Taxes and social security
5,807 
14,663 
Accruals
3,040 
3,040 
65,082 
184,668 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
22,436 
32,639 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares - Mrs S Tusder of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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