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REGISTERED NUMBER: 01825474 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

INTERFACE DEVICES LTD

INTERFACE DEVICES LTD (REGISTERED NUMBER: 01825474)






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


INTERFACE DEVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: I R Casselden
M Love
Mrs H O'Shaughnessy





SECRETARY: Mrs H O'Shaughnessy





REGISTERED OFFICE: Unit 4
Brunel Road
Churchfields Industrial Estate
St. Leonards On Sea
East Sussex
TN38 9RT





REGISTERED NUMBER: 01825474 (England and Wales)





ACCOUNTANTS: Xeinadin
2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH

INTERFACE DEVICES LTD (REGISTERED NUMBER: 01825474)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Property, plant and equipment 4 6,067 6,520
Investments 5 79,229 79,229
85,296 85,749

CURRENT ASSETS
Debtors 6 1,077,486 1,260,863
Cash at bank and in hand 214,445 160,865
1,291,931 1,421,728
CREDITORS
Amounts falling due within one year 7 57,360 139,915
NET CURRENT ASSETS 1,234,571 1,281,813
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,319,867

1,367,562

CREDITORS
Amounts falling due after more than one
year

8

14,961

25,104
NET ASSETS 1,304,906 1,342,458

CAPITAL AND RESERVES
Called up share capital 24,742 24,742
Share premium 9,000 9,000
Capital redemption reserve 104,000 104,000
Retained earnings 1,167,164 1,204,716
SHAREHOLDERS' FUNDS 1,304,906 1,342,458

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 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.

INTERFACE DEVICES LTD (REGISTERED NUMBER: 01825474)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:




I R Casselden - Director



M Love - Director


INTERFACE DEVICES LTD (REGISTERED NUMBER: 01825474)

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

1. 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.

Preparation of consolidated financial statements
The financial statements contain information about Interface Devices Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over the term of the lease
Plant and machinery - 25% on cost and 20% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 not recognised in respect of timing differences that have originated but not reversed at the balance sheet date. The directors accept that this accounting treatment does not comply with Financial Reporting Standard 102 but conclude that the financial statements give a true and fair view of the company's financial position and performance.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

INTERFACE DEVICES LTD (REGISTERED NUMBER: 01825474)

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

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 59,785
AMORTISATION
At 1 March 2023
and 29 February 2024 59,785
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2023 22,545 114,086 111,376
Additions - - -
At 29 February 2024 22,545 114,086 111,376
DEPRECIATION
At 1 March 2023 22,545 114,086 109,723
Charge for year - - 436
At 29 February 2024 22,545 114,086 110,159
NET BOOK VALUE
At 29 February 2024 - - 1,217
At 28 February 2023 - - 1,653

INTERFACE DEVICES LTD (REGISTERED NUMBER: 01825474)

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

4. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 360 160,475 408,842
Additions - 4,318 4,318
At 29 February 2024 360 164,793 413,160
DEPRECIATION
At 1 March 2023 360 155,608 402,322
Charge for year - 4,335 4,771
At 29 February 2024 360 159,943 407,093
NET BOOK VALUE
At 29 February 2024 - 4,850 6,067
At 28 February 2023 - 4,867 6,520

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2023
and 29 February 2024 79,980
PROVISIONS
At 1 March 2023
and 29 February 2024 751
NET BOOK VALUE
At 29 February 2024 79,229
At 28 February 2023 79,229

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 435,304 619,227
Other debtors 5,078 30,794
Amounts owed by related undertakings 584,336 606,074
VAT 47,515 -
Prepayments and accrued income 5,253 4,768
1,077,486 1,260,863

INTERFACE DEVICES LTD (REGISTERED NUMBER: 01825474)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,991 9,739
Pension Fund loan 738 738
Trade creditors 6,694 2,481
Social security and other taxes 9,918 18,366
VAT - 49,177
Other creditors 8,164 11,731
Amounts due to related undertakings 548 548
Directors' loan accounts 18,157 8,120
Accrued expenses 3,150 39,015
57,360 139,915

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,961 25,104

9. FIXED AND FLOATING CHARGE

There is a fixed and floating charge over the assets of the company dated 19 January 2010, in favour of HSBC Bank PLC.