Company Registration No. 08899342 (England and Wales)
Contour Decor Ltd
Unaudited accounts
for the year ended 29 February 2024
Contour Decor Ltd
Unaudited accounts
Contents
Contour Decor Ltd
Company Information
for the year ended 29 February 2024
Director
Daniel Mark Beever
Company Number
08899342 (England and Wales)
Registered Office
77a Richmond Road
Twickenham
Middlesex
TW1 3AW
England
Accountants
P10 Accountancy Ltd
77A Richmond Road
Twickenham
TW1 3AW
Contour Decor Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
58,090
5,449
Cash at bank and in hand
124,321
96,919
Creditors: amounts falling due within one year
(15,166)
(60,199)
Net current assets
149,189
109,274
Total assets less current liabilities
207,279
114,723
Creditors: amounts falling due after more than one year
(36,802)
-
Net assets
170,477
114,723
Called up share capital
100
100
Profit and loss account
170,377
114,623
Shareholders' funds
170,477
114,723
For the year ending 29 February 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2024 and were signed on its behalf by
Daniel Mark Beever
Director
Company Registration No. 08899342
Contour Decor Ltd
Notes to the Accounts
for the year ended 29 February 2024
Contour Decor Ltd is a private company, limited by shares, registered in England and Wales, registration number 08899342. The registered office is 77a Richmond Road, Twickenham, Middlesex, TW1 3AW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Computer equipment
25% Straight Line
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank
overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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.
The accounts are presented in £ sterling.
Contour Decor Ltd
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
2,672
5,750
762
9,184
Additions
-
72,956
292
73,248
At 29 February 2024
2,672
78,706
1,054
82,432
At 1 March 2023
668
2,876
191
3,735
Charge for the year
668
19,676
263
20,607
At 29 February 2024
1,336
22,552
454
24,342
At 29 February 2024
1,336
56,154
600
58,090
At 28 February 2023
2,004
2,874
571
5,449
Amounts falling due within one year
Trade debtors
22,978
13,464
Other debtors
10,881
56,633
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
7,476
-
Trade creditors
7,690
2,999
Taxes and social security
-
53,923
Loans from directors
-
1,837
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
36,802
-
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).