Silverfin false false 31/03/2024 01/04/2023 31/03/2024 B J Williams 22/06/2023 J T Williams 04/09/2023 R Williams 22/06/2023 29/01/2003 T L Williams 22/06/2023 29/01/2003 11 November 2024 The principal activity of the company during the financial year was that of providing carpentry and joinery services. 04651716 2024-03-31 04651716 bus:Director1 2024-03-31 04651716 bus:Director2 2024-03-31 04651716 bus:Director3 2024-03-31 04651716 bus:Director4 2024-03-31 04651716 2023-03-31 04651716 core:CurrentFinancialInstruments 2024-03-31 04651716 core:CurrentFinancialInstruments 2023-03-31 04651716 core:ShareCapital 2024-03-31 04651716 core:ShareCapital 2023-03-31 04651716 core:RetainedEarningsAccumulatedLosses 2024-03-31 04651716 core:RetainedEarningsAccumulatedLosses 2023-03-31 04651716 core:Goodwill 2023-03-31 04651716 core:Goodwill 2024-03-31 04651716 core:PlantMachinery 2023-03-31 04651716 core:Vehicles 2023-03-31 04651716 core:OfficeEquipment 2023-03-31 04651716 core:PlantMachinery 2024-03-31 04651716 core:Vehicles 2024-03-31 04651716 core:OfficeEquipment 2024-03-31 04651716 2023-04-01 2024-03-31 04651716 bus:FilletedAccounts 2023-04-01 2024-03-31 04651716 bus:SmallEntities 2023-04-01 2024-03-31 04651716 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04651716 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04651716 bus:Director1 2023-04-01 2024-03-31 04651716 bus:Director2 2023-04-01 2024-03-31 04651716 bus:Director3 2023-04-01 2024-03-31 04651716 bus:Director4 2023-04-01 2024-03-31 04651716 core:Goodwill core:TopRangeValue 2023-04-01 2024-03-31 04651716 core:Goodwill 2023-04-01 2024-03-31 04651716 core:PlantMachinery 2023-04-01 2024-03-31 04651716 core:Vehicles 2023-04-01 2024-03-31 04651716 core:OfficeEquipment 2023-04-01 2024-03-31 04651716 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 04651716 (England and Wales)

UNIQUE INTERIORS (SOUTHERN) LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

UNIQUE INTERIORS (SOUTHERN) LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

UNIQUE INTERIORS (SOUTHERN) LIMITED

BALANCE SHEET

As at 31 March 2024
UNIQUE INTERIORS (SOUTHERN) LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 2,230 2,969
2,230 2,969
Current assets
Stocks 5 7,087 800
Debtors 6 9,968 14,449
Cash at bank and in hand 23,078 75,996
40,133 91,245
Creditors: amounts falling due within one year 7 ( 17,784) ( 40,640)
Net current assets 22,349 50,605
Total assets less current liabilities 24,579 53,574
Provision for liabilities ( 424) ( 643)
Net assets 24,155 52,931
Capital and reserves
Called-up share capital 4 4
Profit and loss account 24,151 52,927
Total shareholders' funds 24,155 52,931

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Unique Interiors (Southern) Limited (registered number: 04651716) were approved and authorised for issue by the Board of Directors on 11 November 2024. They were signed on its behalf by:

B J Williams
Director
UNIQUE INTERIORS (SOUTHERN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
UNIQUE INTERIORS (SOUTHERN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Unique Interiors (Southern) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unique House, 156 Stanley Green Road, Poole, BH15 3AH, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

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

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 20 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 20 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Vehicles 25 % reducing balance
Office equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 3

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2023 120,000 120,000
At 31 March 2024 120,000 120,000
Accumulated amortisation
At 01 April 2023 120,000 120,000
At 31 March 2024 120,000 120,000
Net book value
At 31 March 2024 0 0
At 31 March 2023 0 0

4. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 April 2023 1,559 16,223 1,848 19,630
At 31 March 2024 1,559 16,223 1,848 19,630
Accumulated depreciation
At 01 April 2023 1,535 13,336 1,790 16,661
Charge for the financial year 5 722 12 739
At 31 March 2024 1,540 14,058 1,802 17,400
Net book value
At 31 March 2024 19 2,165 46 2,230
At 31 March 2023 24 2,887 58 2,969

5. Stocks

2024 2023
£ £
Stocks 1,000 800
Work in progress 6,087 0
7,087 800

6. Debtors

2024 2023
£ £
Trade debtors 8,382 10,980
Amounts owed by Group undertakings 100 0
Other debtors 1,486 3,469
9,968 14,449

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 7,908 1,326
Taxation and social security 7,203 16,448
Other creditors 2,673 22,866
17,784 40,640

8. Ultimate controlling party

Parent Company:

Unique Group (Southern) Limited
Towngate House, 2-8 Parkstone Road, Poole, Dorset, England, BH15 2PW