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Company Registration No. 10757597 (England and Wales)
Statement Interiors Limited Unaudited accounts for the year ended 31 March 2024
Statement Interiors Limited Unaudited accounts Contents
Page
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Statement Interiors Limited Company Information for the year ended 31 March 2024
Director
Charlotte Amy Frances Turner
Company Number
10757597 (England and Wales)
Registered Office
1 KINGFISHER MEWS MORLEY LEEDS WEST YORKSHIRE LS27 8GT ENGLAND
Accountants
Oatlands Accounting Limited 5 Cundall Way Harrogate North Yorkshire HG2 0DY
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Statement Interiors Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
137 
314 
Current assets
Debtors
1,557 
22,372 
Cash at bank and in hand
16,013 
3,768 
17,570 
26,140 
Creditors: amounts falling due within one year
(5,584)
(6,731)
Net current assets
11,986 
19,409 
Total assets less current liabilities
12,123 
19,723 
Creditors: amounts falling due after more than one year
(46,684)
(40,237)
Provisions for liabilities
Deferred tax
(26)
(59)
Net liabilities
(34,587)
(20,573)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(34,687)
(20,673)
Shareholders' funds
(34,587)
(20,573)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 17 December 2024 and were signed on its behalf by
Charlotte Amy Frances Turner Director Company Registration No. 10757597
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Statement Interiors Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Statement Interiors Limited is a private company, limited by shares, registered in England and Wales, registration number 10757597. The registered office is 1 KINGFISHER MEWS, MORLEY, LEEDS, WEST YORKSHIRE, LS27 8GT, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Computer equipment
25% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
The director believes that the company should return to profit during 2025.
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Statement Interiors Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
4,612 
At 31 March 2024
4,612 
Depreciation
At 1 April 2023
4,298 
Charge for the year
177 
At 31 March 2024
4,475 
Net book value
At 31 March 2024
137 
At 31 March 2023
314 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
298 
Accrued income and prepayments
- 
296 
Other debtors
1,557 
21,778 
1,557 
22,372 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
5,831 
VAT
2,225 
- 
Loans from directors
2,459 
- 
Accruals
900 
900 
5,584 
6,731 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
46,684 
40,237 
The loan due after one year is the Government backed Bounce Back Loan.
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Statement Interiors Limited Notes to the Accounts for the year ended 31 March 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
26 
59 
2024 
2023 
£ 
£ 
Provision at start of year
59 
38 
(Credited)/charged to the profit and loss account
(33)
21 
Provision at end of year
26 
59 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Charlotte Amy Frances Turner
Directors Loan Account
20,221 
2,589 
25,269 
(2,459)
20,221 
2,589 
25,269 
(2,459)
During the year the director repaid the directors loan account.
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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