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REGISTERED NUMBER: 11245884 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Deborah Law Interiors Ltd

Deborah Law Interiors Ltd (Registered number: 11245884)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Deborah Law Interiors Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Ms D Law
T P Law





REGISTERED OFFICE: Suite 2 Victoria House
South Street
Farnham
Surrey
GU9 7QU





REGISTERED NUMBER: 11245884 (England and Wales)





ACCOUNTANTS: Branston Adams
Suite 2, Victoria House
South Street
Farnham
Surrey
GU9 7QU

Deborah Law Interiors Ltd (Registered number: 11245884)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 48,000 60,000
Tangible assets 5 7,244 9,531
55,244 69,531

CURRENT ASSETS
Debtors 6 356 34,570
Cash at bank 199,206 158,398
199,562 192,968
CREDITORS
Amounts falling due within one year 7 37,260 79,868
NET CURRENT ASSETS 162,302 113,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

217,546

182,631

PROVISIONS FOR LIABILITIES 1,920 1,811
NET ASSETS 215,626 180,820

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 215,524 180,718
215,626 180,820

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

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

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 10 September 2024 and were signed on its behalf by:





Ms D Law - Director


Deborah Law Interiors Ltd (Registered number: 11245884)

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

1. STATUTORY INFORMATION

Deborah Law Interiors Ltd 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 represents income derived from the ordinary activities of the business, net of VAT and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Deborah Law Interiors Ltd (Registered number: 11245884)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 120,000
AMORTISATION
At 1 April 2023 60,000
Charge for year 12,000
At 31 March 2024 72,000
NET BOOK VALUE
At 31 March 2024 48,000
At 31 March 2023 60,000

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 28,479 6,186 34,665
DEPRECIATION
At 1 April 2023 21,724 3,410 25,134
Charge for year 1,689 598 2,287
At 31 March 2024 23,413 4,008 27,421
NET BOOK VALUE
At 31 March 2024 5,066 2,178 7,244
At 31 March 2023 6,755 2,776 9,531

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 13,020
Other debtors 356 21,550
356 34,570

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 6,211 42,317
Taxation and social security 29,365 31,194
Other creditors 1,684 6,357
37,260 79,868

8. ULTIMATE CONTROLLING PARTY

The Company is under the ultimate control of Ms D Law (director), by virtue of her 99% shareholding within the company.