CNR Interiors Ltd 08437246 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is floor and wall covering Digita Accounts Production Advanced 6.30.9574.0 true 08437246 2023-04-01 2024-03-31 08437246 2024-03-31 08437246 bus:OrdinaryShareClass1 2024-03-31 08437246 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-03-31 08437246 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-03-31 08437246 core:CurrentFinancialInstruments 2024-03-31 08437246 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08437246 core:Non-currentFinancialInstruments 2024-03-31 08437246 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 08437246 core:FurnitureFittingsToolsEquipment 2024-03-31 08437246 core:MotorVehicles 2024-03-31 08437246 bus:SmallEntities 2023-04-01 2024-03-31 08437246 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08437246 bus:FilletedAccounts 2023-04-01 2024-03-31 08437246 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08437246 bus:RegisteredOffice 2023-04-01 2024-03-31 08437246 bus:Director1 2023-04-01 2024-03-31 08437246 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 08437246 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08437246 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 08437246 core:MotorVehicles 2023-04-01 2024-03-31 08437246 core:PlantMachinery 2023-04-01 2024-03-31 08437246 countries:England 2023-04-01 2024-03-31 08437246 2023-03-31 08437246 core:FurnitureFittingsToolsEquipment 2023-03-31 08437246 core:MotorVehicles 2023-03-31 08437246 2022-04-01 2023-03-31 08437246 2023-03-31 08437246 bus:OrdinaryShareClass1 2023-03-31 08437246 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-03-31 08437246 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-03-31 08437246 core:CurrentFinancialInstruments 2023-03-31 08437246 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08437246 core:Non-currentFinancialInstruments 2023-03-31 08437246 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 08437246 core:FurnitureFittingsToolsEquipment 2023-03-31 08437246 core:MotorVehicles 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08437246

CNR Interiors Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

CNR Interiors Ltd

(Registration number: 08437246)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

19,859

24,573

Current assets

 

Debtors

5

28,997

31,572

Cash at bank and in hand

 

4,532

672

 

33,529

32,244

Creditors: Amounts falling due within one year

6

(18,773)

(12,316)

Net current assets

 

14,756

19,928

Total assets less current liabilities

 

34,615

44,501

Creditors: Amounts falling due after more than one year

6

(14,109)

(21,050)

Provisions for liabilities

(3,773)

(4,669)

Net assets

 

16,733

18,782

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

16,731

18,780

Shareholders' funds

 

16,733

18,782

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 August 2024
 

.........................................
Clint M Fowles
Director

 

CNR Interiors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
16 Little Oak Avenue
Annesley
Kirkby in Ashfield
Nottingham
NG17 9BG

These financial statements were authorised for issue by the director on 23 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

CNR Interiors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

20% reducing balance

Plant and machinery

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

 

CNR Interiors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

32,581

14,477

47,058

Additions

251

-

251

At 31 March 2024

32,832

14,477

47,309

Depreciation

At 1 April 2023

19,087

3,398

22,485

Charge for the year

2,749

2,216

4,965

At 31 March 2024

21,836

5,614

27,450

Carrying amount

At 31 March 2024

10,996

8,863

19,859

At 31 March 2023

13,494

11,079

24,573

5

Debtors

Current

2024
£

2023
£

Trade debtors

1,627

4,940

Other debtors

27,370

26,632

 

28,997

31,572

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

7,012

6,415

Taxation and social security

 

11,580

5,888

Other creditors

 

181

13

 

18,773

12,316

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

14,109

21,050

 

CNR Interiors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

7,200

11,090

Hire purchase contracts

6,909

9,960

14,109

21,050

Current loans and borrowings

2024
£

2023
£

Bank borrowings

3,961

3,782

Hire purchase contracts

3,051

2,633

7,012

6,415

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2