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REGISTERED NUMBER: 06478675 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MAP INTERIORS LTD

MAP INTERIORS LTD (REGISTERED NUMBER: 06478675)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

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Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MAP INTERIORS LTD

COMPANY INFORMATION
for the year ended 31 December 2023







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DIRECTOR: Mr M M Barnes





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 06478675 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

MAP INTERIORS LTD (REGISTERED NUMBER: 06478675)

ABRIDGED BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
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FIXED ASSETS
Tangible assets 4 3,542 -

CURRENT ASSETS
Stocks 320,645 132,540
Debtors 338,330 521,153
Cash at bank and in hand 147,659 235,158
806,634 888,851
CREDITORS
Amounts falling due within one year 561,495 631,236
NET CURRENT ASSETS 245,139 257,615
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,681

257,615

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 246,681 255,615
SHAREHOLDERS' FUNDS 248,681 257,615

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

MAP INTERIORS LTD (REGISTERED NUMBER: 06478675)

ABRIDGED BALANCE SHEET - continued
31 December 2023

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The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 April 2024 and were signed by:





Mr M M Barnes - Director


MAP INTERIORS LTD (REGISTERED NUMBER: 06478675)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
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1. STATUTORY INFORMATION

Map Interiors Ltd is a private company limited by shares and incorporated 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
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.
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

MAP INTERIORS LTD (REGISTERED NUMBER: 06478675)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 10,727
Additions 4,723
At 31 December 2023 15,450
DEPRECIATION
At 1 January 2023 10,727
Charge for year 1,181
At 31 December 2023 11,908
NET BOOK VALUE
At 31 December 2023 3,542
At 31 December 2022 -

5. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £2,607 (2022: £207) to Mr M M Barnes, the sole director.