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REGISTERED NUMBER: 06191479 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

INTERPHASE INTERIORS LTD

INTERPHASE INTERIORS LTD (REGISTERED NUMBER: 06191479)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INTERPHASE INTERIORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: I.M. Fieldsend
P.C. Fieldsend





SECRETARY: I.M. Fieldsend





REGISTERED OFFICE: 3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW





BUSINESS ADDRESS: Orchard Cottage
Church Hill
Ravensden
Bedfordshire
MK44 2RL





REGISTERED NUMBER: 06191479 (England and Wales)





ACCOUNTANTS: GKP (Ampthill) Limited
Chartered Accountants
3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

INTERPHASE INTERIORS LTD (REGISTERED NUMBER: 06191479)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,633 15,457
13,633 15,457

CURRENT ASSETS
Debtors 6 13,257 4,976
Cash at bank 2,969 31,793
16,226 36,769
CREDITORS
Amounts falling due within one year 7 20,557 35,969
NET CURRENT (LIABILITIES)/ASSETS (4,331 ) 800
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,302

16,257

CREDITORS
Amounts falling due after more than one
year

8

8,556

15,762
NET ASSETS 746 495

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 646 395
SHAREHOLDERS' FUNDS 746 495

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.

INTERPHASE INTERIORS LTD (REGISTERED NUMBER: 06191479)

BALANCE SHEET - continued
31 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 26 September 2024 and were signed on its behalf by:





I.M. Fieldsend - Director


INTERPHASE INTERIORS LTD (REGISTERED NUMBER: 06191479)

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


1. STATUTORY INFORMATION

Interphase 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.

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.

The company meets its day to day working capital requirements through supplier credit and bank loans.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Workshop - 10% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 30% on reducing balance
Computer equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current 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 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.

3. EMPLOYEES AND DIRECTORS

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

INTERPHASE INTERIORS LTD (REGISTERED NUMBER: 06191479)

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 60,000
AMORTISATION
At 1 April 2023
and 31 March 2024 60,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
Workshop machinery fittings
£    £    £   
COST
At 1 April 2023 36,417 773 111
Additions - 116 -
Disposals - - -
At 31 March 2024 36,417 889 111
DEPRECIATION
At 1 April 2023 24,989 295 54
Charge for year 1,143 113 11
Eliminated on disposal - - -
At 31 March 2024 26,132 408 65
NET BOOK VALUE
At 31 March 2024 10,285 481 46
At 31 March 2023 11,428 478 57

INTERPHASE INTERIORS LTD (REGISTERED NUMBER: 06191479)

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


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 11,836 5,079 54,216
Additions - 373 489
Disposals - (333 ) (333 )
At 31 March 2024 11,836 5,119 54,372
DEPRECIATION
At 1 April 2023 9,946 3,475 38,759
Charge for year 567 254 2,088
Eliminated on disposal - (108 ) (108 )
At 31 March 2024 10,513 3,621 40,739
NET BOOK VALUE
At 31 March 2024 1,323 1,498 13,633
At 31 March 2023 1,890 1,604 15,457

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' loan account 13,257 4,976

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,119 6,872
Trade creditors 6,732 8,553
Corporation tax 3,853 3,477
Social security and other taxes 90 244
VAT 1,353 1,674
Other creditors - 13,740
Accruals and deferred income 1,410 1,409
20,557 35,969

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,314 7,163
Bank loans - 2-5 years 1,242 8,599
8,556 15,762

INTERPHASE INTERIORS LTD (REGISTERED NUMBER: 06191479)

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


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
I.M. Fieldsend and P.C. Fieldsend
Balance outstanding at start of year 4,976 (4 )
Amounts advanced 8,281 4,980
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,257 4,976

10. ULTIMATE CONTROLLING PARTY

The company is jointly controlled my Mr and Mrs Fieldsend, who are directors and shareholders.