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REGISTERED NUMBER: 06994673 (England and Wales)










ASR INTERIORS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024






ASR INTERIORS LTD (REGISTERED NUMBER: 06994673)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASR INTERIORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTORS: Mr S Rahim
Mr Z Rahim
Mr A Rahim





SECRETARY: Mr W Rahim





REGISTERED OFFICE: Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB





REGISTERED NUMBER: 06994673 (England and Wales)





ACCOUNTANTS: Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB

ASR INTERIORS LTD (REGISTERED NUMBER: 06994673)

BALANCE SHEET
29TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,704 44,939

CURRENT ASSETS
Stocks 727,875 630,220
Debtors 5 907,500 1,127,720
Cash at bank 288,779 217,806
1,924,154 1,975,746
CREDITORS
Amounts falling due within one year 6 789,833 1,004,059
NET CURRENT ASSETS 1,134,321 971,687
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,168,025

1,016,626

CAPITAL AND RESERVES
Called up share capital 7 150 150
Retained earnings 1,167,875 1,016,476
SHAREHOLDERS' FUNDS 1,168,025 1,016,626

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

The members have not required the company to obtain an audit of its financial statements for the year ended 29th 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.

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 27th November 2024 and were signed on its behalf by:





Mr S Rahim - Director


ASR INTERIORS LTD (REGISTERED NUMBER: 06994673)

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

1. STATUTORY INFORMATION

ASR 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.

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.

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

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ASR INTERIORS LTD (REGISTERED NUMBER: 06994673)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2023
and 29th February 2024 91,537
DEPRECIATION
At 1st March 2023 46,598
Charge for year 11,235
At 29th February 2024 57,833
NET BOOK VALUE
At 29th February 2024 33,704
At 28th February 2023 44,939

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 45,220
Other debtors 907,500 1,082,500
907,500 1,127,720

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 196,918 393,645
Taxation and social security 170,461 187,960
Other creditors 422,454 422,454
789,833 1,004,059

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
150 Ordinary £1 150 150

ASR INTERIORS LTD (REGISTERED NUMBER: 06994673)

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

8. RELATED PARTY DISCLOSURES

The following related party balances existed as at the reporting date and are included within creditors:

2024 2023
£ £
Shawn Ltd 419,804 419,804

£ 419,804 419,804
======= ========

The following related party balances existed as at the reporting date and are included within debtors:

2024 2023
£ £
ASR Premier Properties Ltd 907,500 907,500
Shawn Dream Cars Ltd 175,000

907,500 1,082,500
======== ========
The above entities are under common control of the directors, all amounts are interest free and considered repayable on demand.