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REGISTERED NUMBER: 06503278 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Interframe (South West) Limited

Interframe (South West) Limited (Registered number: 06503278)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Interframe (South West) Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: C E Hempseed
C P Lewis





SECRETARY:





REGISTERED OFFICE: Unit 15B
Bedwas House Industrial Estate
Bedwas
Caerphilly
CF83 8DW





REGISTERED NUMBER: 06503278 (England and Wales)





ACCOUNTANTS: Neil Hodge & Co Limited
Chartered Accountants
106a Commercial Street
Risca
Gwent
NP11 6EE

Interframe (South West) Limited (Registered number: 06503278)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 220,291 261,405

CURRENT ASSETS
Stocks 583,893 583,488
Debtors 5 1,214,263 1,172,302
Investments 6 5,660 4,256
Cash at bank and in hand 1,642,377 1,790,214
3,446,193 3,550,260
CREDITORS
Amounts falling due within one year 7 929,938 1,066,411
NET CURRENT ASSETS 2,516,255 2,483,849
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,736,546

2,745,254

PROVISIONS FOR LIABILITIES 55,000 49,500
NET ASSETS 2,681,546 2,695,754

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 2,681,446 2,695,654
SHAREHOLDERS' FUNDS 2,681,546 2,695,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Interframe (South West) Limited (Registered number: 06503278)

Balance Sheet - continued
31 May 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 24 June 2024 and were signed on its behalf by:





C E Hempseed - Director


Interframe (South West) Limited (Registered number: 06503278)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Interframe (South West) 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.

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 etc - 10% on cost

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.

Interframe (South West) Limited (Registered number: 06503278)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

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 contributes to a Group Personal Pension Scheme. The assets of that scheme are held individually by each members scheme. All employees are eligible to join the scheme.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 107 (2022 - 113 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 1,035,641
Additions 39,953
Disposals (22,056 )
At 31 May 2023 1,053,538
DEPRECIATION
At 1 June 2022 774,236
Charge for year 80,508
Eliminated on disposal (21,497 )
At 31 May 2023 833,247
NET BOOK VALUE
At 31 May 2023 220,291
At 31 May 2022 261,405

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 824,575 748,227
Other debtors 389,688 424,075
1,214,263 1,172,302

Interframe (South West) Limited (Registered number: 06503278)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. CURRENT ASSET INVESTMENTS
31.5.23 31.5.22
£    £   
Listed investments 5,660 4,256

The listed investments, which cost £40,000, have been written down to market value at the year end.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 400,187 335,107
Taxation and social security 290,087 487,502
Other creditors 239,664 243,802
929,938 1,066,411

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.23 31.5.22
£    £   
Within one year 302,500 329,492
Between one and five years 691,300 98,100
993,800 427,592

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1 100 100

Interframe (South West) Limited (Registered number: 06503278)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
C E Hempseed
Balance outstanding at start of year 200,982 -
Amounts advanced 4,077 200,982
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 205,059 200,982

Interest is payable on the loan at 2%, it is repayable on demand.

11. RELATED PARTY DISCLOSURES

Mr Carl Lewis and his wife own Solar Windows Limited.

The company sold goods on arms length terms to Solar Windows Ltd during the year. Such sales totalled £118,794 (2022 : £61,908). Purchases from Solar Windows Ltd in the year were £3,863 (2022: £0).

12. ULTIMATE CONTROLLING PARTY

The company is controlled by its Directors.