Company registration number 02347828 (England and Wales)
OFFICE IMAGE INTERIORS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
OFFICE IMAGE INTERIORS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
OFFICE IMAGE INTERIORS LIMITED
BALANCE SHEET
AS AT
29 JUNE 2024
29 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
179,272
102,074
Current assets
Stocks
8,500
8,500
Debtors
4
587,492
286,730
Cash at bank and in hand
93,370
115,917
689,362
411,147
Creditors: amounts falling due within one year
5
(650,773)
(308,788)
Net current assets
38,589
102,359
Total assets less current liabilities
217,861
204,433
Creditors: amounts falling due after more than one year
6
(29,209)
(35,053)
Provisions for liabilities
(31,959)
(18,218)
Net assets
156,693
151,162
Capital and reserves
Called up share capital
7
714
714
Capital redemption reserve
786
786
Profit and loss reserves
155,193
149,662
Total equity
156,693
151,162
OFFICE IMAGE INTERIORS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
29 JUNE 2024
29 June 2024
- 2 -

For the financial year ended 29 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 25 October 2024
Mr E P Loftus
Director
Company registration number 02347828 (England and Wales)
OFFICE IMAGE INTERIORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024
- 3 -
1
Accounting policies
Company information

Office Image Interiors Limited is a private company limited by shares incorporated in England and Wales. The registered office is Mentor House, Ainsworth Street, Blackburn, Lancashire, United Kingdom, BB1 6AY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected economic useful life as follows:

Fixtures and fittings
25% per annum reducing balance
Motor Vehicles
25% per annum reducing balance
1.5
Stocks

Stocks are stated at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

OFFICE IMAGE INTERIORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JUNE 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax is recognised, without discounting, in respect of timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Rentals payable under operating leases are charged to income on a straight line basis over the term of the relevant lease.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
3
Tangible fixed assets
Fixtures and fittings
Motor Vehicles
Total
£
£
£
Cost
At 30 June 2023
22,513
126,046
148,559
Additions
2,707
130,307
133,014
Disposals
-
0
(31,066)
(31,066)
At 29 June 2024
25,220
225,287
250,507
Depreciation and impairment
At 30 June 2023
15,810
30,675
46,485
Depreciation charged in the year
1,724
23,686
25,410
Eliminated in respect of disposals
-
0
(660)
(660)
At 29 June 2024
17,534
53,701
71,235
Carrying amount
At 29 June 2024
7,686
171,586
179,272
At 29 June 2023
6,703
95,371
102,074
OFFICE IMAGE INTERIORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JUNE 2024
- 5 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
569,687
257,523
Amounts owed by group undertakings
13,569
26,185
Other debtors
4,236
3,022
587,492
286,730
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
5,843
5,842
Trade creditors
273,580
94,935
Amounts owed to group undertakings
54,792
127,156
Corporation tax
38,336
44,595
Other taxation and social security
33,191
29,999
Deferred income
130,699
-
0
Other creditors
233
1,437
Accruals and deferred income
114,099
4,824
650,773
308,788
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
29,209
35,053

The bank loan is a loan provided under the bounce back loan scheme secured by the government.

Creditors which fall due after five years are as follows:
2024
2023
£
£
Payable by instalments
5,837
11,687
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
714
714
714
714
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