IRIS Accounts Production v24.2.0.383 07118312 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071183122023-03-31071183122024-03-31071183122023-04-012024-03-31071183122022-03-31071183122022-04-012023-03-31071183122023-03-3107118312ns15:EnglandWales2023-04-012024-03-3107118312ns14:PoundSterling2023-04-012024-03-3107118312ns10:Director12023-04-012024-03-3107118312ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107118312ns10:SmallEntities2023-04-012024-03-3107118312ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107118312ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107118312ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107118312ns10:FullAccounts2023-04-012024-03-3107118312ns10:Director22023-04-012024-03-3107118312ns10:RegisteredOffice2023-04-012024-03-3107118312ns5:CurrentFinancialInstruments2024-03-3107118312ns5:CurrentFinancialInstruments2023-03-3107118312ns5:Non-currentFinancialInstruments2024-03-3107118312ns5:Non-currentFinancialInstruments2023-03-3107118312ns5:ShareCapital2024-03-3107118312ns5:ShareCapital2023-03-3107118312ns5:RetainedEarningsAccumulatedLosses2024-03-3107118312ns5:RetainedEarningsAccumulatedLosses2023-03-3107118312ns5:LeaseholdImprovements2023-04-012024-03-3107118312ns5:PlantMachinery2023-04-012024-03-3107118312ns5:FurnitureFittings2023-04-012024-03-3107118312ns5:MotorVehicles2023-04-012024-03-3107118312ns5:LeaseholdImprovements2023-03-3107118312ns5:PlantMachinery2023-03-3107118312ns5:FurnitureFittings2023-03-3107118312ns5:MotorVehicles2023-03-3107118312ns5:LeaseholdImprovements2024-03-3107118312ns5:PlantMachinery2024-03-3107118312ns5:FurnitureFittings2024-03-3107118312ns5:MotorVehicles2024-03-3107118312ns5:LeaseholdImprovements2023-03-3107118312ns5:PlantMachinery2023-03-3107118312ns5:FurnitureFittings2023-03-3107118312ns5:MotorVehicles2023-03-3107118312ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107118312ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107118312ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3107118312ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3107118312ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3107118312ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3107118312ns5:WithinOneYear2024-03-3107118312ns5:WithinOneYear2023-03-3107118312ns5:BetweenOneFiveYears2024-03-3107118312ns5:BetweenOneFiveYears2023-03-3107118312ns5:AllPeriods2024-03-3107118312ns5:AllPeriods2023-03-31
REGISTERED NUMBER: 07118312 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

DAMAR INTERIORS (NORTH WEST) LIMITED

DAMAR INTERIORS (NORTH WEST) LIMITED (REGISTERED NUMBER: 07118312)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAMAR INTERIORS (NORTH WEST) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: P D Wood
D J Wood





REGISTERED OFFICE: Unit 11 Albion Road Industrial Estate
Albion Road
Rochdale
Lancashire
OL11 4JB





REGISTERED NUMBER: 07118312 (England and Wales)





ACCOUNTANTS: Percy Westhead & Company
Chartered Accountants
Hanover House
30-32 Charlotte Street
Manchester
M1 4FD

DAMAR INTERIORS (NORTH WEST) LIMITED (REGISTERED NUMBER: 07118312)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,844 60,408

CURRENT ASSETS
Stocks 67,064 15,250
Debtors 5 163,802 172,966
Cash at bank 65,290 51,149
296,156 239,365
CREDITORS
Amounts falling due within one year 6 155,524 261,648
NET CURRENT ASSETS/(LIABILITIES) 140,632 (22,283 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,476

38,125

CREDITORS
Amounts falling due after more than one
year

7

(13,091

)

(23,274

)

PROVISIONS FOR LIABILITIES (6,000 ) -
NET ASSETS 161,385 14,851

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 160,385 13,851
SHAREHOLDERS' FUNDS 161,385 14,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

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

DAMAR INTERIORS (NORTH WEST) LIMITED (REGISTERED NUMBER: 07118312)

BALANCE SHEET - continued
31ST MARCH 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 12th September 2024 and were signed on its behalf by:





P D Wood - Director


DAMAR INTERIORS (NORTH WEST) LIMITED (REGISTERED NUMBER: 07118312)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Damar Interiors (North 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.

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 represents the total invoice value, excluding value added tax, of sales made during the period and derives from the provision of goods falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - over the period of the lease
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% 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.

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.

DAMAR INTERIORS (NORTH WEST) LIMITED (REGISTERED NUMBER: 07118312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st April 2023 21,000 5,269 14,964 153,646 194,879
Additions - - 497 - 497
Disposals - - - (29,000 ) (29,000 )
At 31st March 2024 21,000 5,269 15,461 124,646 166,376
DEPRECIATION
At 1st April 2023 21,000 1,054 13,802 98,615 134,471
Charge for year - 1,054 512 19,495 21,061
Eliminated on disposal - - - (29,000 ) (29,000 )
At 31st March 2024 21,000 2,108 14,314 89,110 126,532
NET BOOK VALUE
At 31st March 2024 - 3,161 1,147 35,536 39,844
At 31st March 2023 - 4,215 1,162 55,031 60,408

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 137,829 161,410
VAT 20,364 6,683
Prepayments and accrued income 5,609 4,873
163,802 172,966

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,070 9,932
Trade creditors 85,234 107,111
Corporation tax 18,574 1
Social security and other taxes 9,016 8,943
Other creditors 28,340 132,501
Accruals and deferred income 3,290 3,160
155,524 261,648

DAMAR INTERIORS (NORTH WEST) LIMITED (REGISTERED NUMBER: 07118312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,440 10,183
Bank loans - 2-5 years 2,651 13,091
13,091 23,274

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 3,689 -
Between one and five years 9,529 -
13,218 -