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REGISTERED NUMBER: 08841386 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

VILLAGE GREEN INTERIORS LIMITED

VILLAGE GREEN INTERIORS LIMITED (REGISTERED NUMBER: 08841386)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


VILLAGE GREEN INTERIORS LIMITED (REGISTERED NUMBER: 08841386)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,446 50,917
Investment property 5 345,009 -
394,455 50,917

CURRENT ASSETS
Stocks 388,521 328,592
Debtors 6 30,809 139,675
Cash at bank 3,777 8,058
423,107 476,325
CREDITORS
Amounts falling due within one year 7 762,313 457,599
NET CURRENT (LIABILITIES)/ASSETS (339,206 ) 18,726
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,249

69,643

CREDITORS
Amounts falling due after more than one year 8 - (18,294 )

PROVISIONS FOR LIABILITIES (9,395 ) (5,721 )
NET ASSETS 45,854 45,628

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 45,754 45,528
SHAREHOLDERS' FUNDS 45,854 45,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 9 October 2024 and were signed on its behalf by:



C J Reavley - Director


VILLAGE GREEN INTERIORS LIMITED (REGISTERED NUMBER: 08841386)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Village Green Interiors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08841386

Registered office: 3rd Floor
21 Perrymount Road
Haywards Heath
West Sussex
RH16 3TP

The presentation currency of the financial statements is the Pound Sterling (£).


Each unit has been rounded to the nearest whole pound.

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 - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

VILLAGE GREEN INTERIORS LIMITED (REGISTERED NUMBER: 08841386)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 34,086 82,532 4,087 120,705
Additions 3,676 43,939 3,079 50,694
Disposals - (65,987 ) - (65,987 )
At 30 June 2024 37,762 60,484 7,166 105,412
DEPRECIATION
At 1 July 2023 25,531 40,170 4,087 69,788
Charge for year 9,204 12,118 599 21,921
Eliminated on disposal - (35,743 ) - (35,743 )
At 30 June 2024 34,735 16,545 4,686 55,966
NET BOOK VALUE
At 30 June 2024 3,027 43,939 2,480 49,446
At 30 June 2023 8,555 42,362 - 50,917

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 345,009
At 30 June 2024 345,009
NET BOOK VALUE
At 30 June 2024 345,009

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 31,098
Other debtors 30,809 108,577
30,809 139,675

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account - 49,000
Trade creditors 4,956 34,092
Taxation and social security - 7,439
Other creditors 757,357 367,068
762,313 457,599

VILLAGE GREEN INTERIORS LIMITED (REGISTERED NUMBER: 08841386)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors - 18,294

9. RELATED PARTY DISCLOSURES

As at 30 June 2024, the company owed the directors £742,651.09 (2023: £357,969).

The company has granted an interest free, unsecured and repayable on demand loan to Renovation Ltd, a company controlled by Mr Reavley and Mrs Richardson-Reavley. At the year-end Renovation Ltd owed the company £26,896 (2023: £73,600).