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Registration number: 05156618

Interiorbuild (UK) Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Interiorbuild (UK) Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Interiorbuild (UK) Limited

Company Information




 

Director

Mr Stephen George Cogdell



 

Registered office

Unit 2a, Poles Copse
Poles Lane
Otterbourne
Winchester
SO21 2DZ

 

Accountants

Magenta Accounts Limited
 2a Poles Copse, Poles Lane
Otterbourne
Winchester
Hampshire
SO21 2DZ

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Interiorbuild (UK) Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Interiorbuild (UK) Limited for the year ended 31 March 2024 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Interiorbuild (UK) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Interiorbuild (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Interiorbuild (UK) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Interiorbuild (UK) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Interiorbuild (UK) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Interiorbuild (UK) Limited. You consider that Interiorbuild (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Interiorbuild (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.


Magenta Accounts Limited
2a Poles Copse, Poles Lane
Otterbourne
Winchester
Hampshire
SO21 2DZ



 

27 December 2024

 

Interiorbuild (UK) Limited

(Registration number: 05156618)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Tangible assets

4

 

36,796

 

35,907

Current assets

   

 

Stocks

5

76,640

 

85,922

 

Debtors

6

258,565

 

425,312

 

Cash at bank and in hand

 

186,175

 

161,004

 

 

521,380

 

672,238

 

Creditors: Amounts falling due within one year

7

(173,903)

 

(291,031)

 

Net current assets

   

347,477

 

381,207

Total assets less current liabilities

   

384,273

 

417,114

Creditors: Amounts falling due after more than one year

7

 

(13,366)

 

(24,867)

Net assets

   

370,907

 

392,247

Capital and reserves

   

 

Called up share capital

8

1

 

1

 

Retained earnings

370,906

 

392,246

 

Shareholders' funds

   

370,907

 

392,247

 

Interiorbuild (UK) Limited

(Registration number: 05156618)
Balance Sheet as at 31 March 2024

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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 27 December 2024
 

.........................................
Mr Stephen George Cogdell
Director

 

Interiorbuild (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 2a, Poles Copse
Poles Lane
Otterbourne
Winchester
SO21 2DZ

The principal place of business is:
Ash Hill Common
Bunny Lane
Sherfield English
SO51 6FU

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 102 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Interiorbuild (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

8 year straight line

Office Equipment

50% straight line method

Motor Vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

 

Interiorbuild (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

28,998

117,853

146,851

Additions

-

13,840

13,840

At 31 March 2024

28,998

131,693

160,691

Depreciation

At 1 April 2023

23,186

87,758

110,944

Charge for the year

1,968

10,983

12,951

At 31 March 2024

25,154

98,741

123,895

Carrying amount

At 31 March 2024

3,844

32,952

36,796

At 31 March 2023

5,812

30,095

35,907

 

Interiorbuild (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Stocks

2024
£

2023
£

Work in progress

76,640

85,922

6

Debtors

Current

2024
£

2023
£

Trade debtors

249,218

425,312

Other debtors

9,347

-

 

258,565

425,312

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

11,500

11,500

Taxation and social security

 

38,769

81,645

Accruals and deferred income

 

87,633

159,486

Other creditors

 

36,001

38,400

 

173,903

291,031

Creditors include net obligations under hire purchase contracts which are secured of £1,500 (2023 - £1,500). The liabilities are secured on the assets to which they relate.

2024
£

2023
£

Current loans and borrowings

Bank borrowings

10,000

10,000

HP and finance lease liabilities

1,500

1,500

11,500

11,500

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

13,366

24,867

Creditors include net obligations under hire purchase contracts which are secured of £866 (2023 - £2,367). The liabilities are secured on the assets to which they relate.

 

Interiorbuild (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1