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REGISTERED NUMBER: 04804727 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

COMMERCIAL INTERIORS MANAGEMENT LTD

COMMERCIAL INTERIORS MANAGEMENT LTD (REGISTERED NUMBER: 04804727)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMMERCIAL INTERIORS MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: S P Pearson





REGISTERED OFFICE: Beckwith Barn
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT





REGISTERED NUMBER: 04804727 (England and Wales)





ACCOUNTANTS: Lucentum Business Services Ltd
Beckwith Barn
Warren Estate
Lordship Road
Chelmsford
Essex
CM1 3WT

COMMERCIAL INTERIORS MANAGEMENT LTD (REGISTERED NUMBER: 04804727)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,998 2,663

CURRENT ASSETS
Debtors 6 39,540 23,214
Cash at bank and in hand 23,509 10,476
63,049 33,690
CREDITORS
Amounts falling due within one year 7 37,910 17,801
NET CURRENT ASSETS 25,139 15,889
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,137

18,552

CREDITORS
Amounts falling due after more than
one year

8

(26,383

)

(25,833

)

PROVISIONS FOR LIABILITIES 9 - (510 )
NET ASSETS/(LIABILITIES) 754 (7,791 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 654 (7,891 )
SHAREHOLDERS' FUNDS 754 (7,791 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

COMMERCIAL INTERIORS MANAGEMENT LTD (REGISTERED NUMBER: 04804727)

BALANCE SHEET - continued
29 FEBRUARY 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 director and authorised for issue on 19 November 2024 and were signed by:





S P Pearson - Director


COMMERCIAL INTERIORS MANAGEMENT LTD (REGISTERED NUMBER: 04804727)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Commercial Interiors Management 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 on the supply of interiors furnishings. Income is recognised at the point the supply has been made.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
The company only enter into basic financial instruments transactions that results in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, other third party loans and loans with related parties.

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.


COMMERCIAL INTERIORS MANAGEMENT LTD (REGISTERED NUMBER: 04804727)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

3. ACCOUNTING POLICIES - continued
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.

Going concern
The director has considered the cash flow requirements of the company for at least the next twelve months and is satisfied that the company will continue to be able to meet it's liabilities as they fall due. Accordingly, these financial statements have been prepared on the going concern basis.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 15,854 3,668 19,522
DEPRECIATION
At 1 March 2023 13,268 3,591 16,859
Charge for year 647 18 665
At 29 February 2024 13,915 3,609 17,524
NET BOOK VALUE
At 29 February 2024 1,939 59 1,998
At 28 February 2023 2,586 77 2,663

COMMERCIAL INTERIORS MANAGEMENT LTD (REGISTERED NUMBER: 04804727)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 39,540 4,263
Other debtors - 1,137
Directors' current accounts - 16,363
Tax - 1,451
39,540 23,214

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,400 10,000
Trade creditors 10,682 4,613
Tax 2,530 -
Social security and other taxes 359 444
VAT 7,604 388
Other creditors 64 116
Credit card 858 40
Directors' current accounts 1,853 -
Accrued expenses 8,560 2,200
37,910 17,801

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,400 10,000
Bank loans - 2-5 years 16,200 15,833
Bank loans more 5 yr by instal 4,783 -
26,383 25,833

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,783 -

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances - 510

COMMERCIAL INTERIORS MANAGEMENT LTD (REGISTERED NUMBER: 04804727)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2023 510
Utilised during year (510 )
Balance at 29 February 2024 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100