CAROLYN PARKER INTERIOR DESIGN LTD

Company Registration Number:
06543749 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

CAROLYN PARKER INTERIOR DESIGN LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

CAROLYN PARKER INTERIOR DESIGN LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 153,031 144,581
Investments:   0 0
Total fixed assets: 153,031 144,581
Current assets
Stocks: 10,799 101,275
Debtors:   316,587 109,869
Cash at bank and in hand: 145,440 152,258
Investments:   0 0
Total current assets: 472,826 363,402
Creditors: amounts falling due within one year: 4 (244,294) (179,586)
Net current assets (liabilities): 228,532 183,816
Total assets less current liabilities: 381,563 328,397
Creditors: amounts falling due after more than one year:   (11,667) (21,777)
Provision for liabilities: 0 0
Total net assets (liabilities): 369,896 306,620
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 369,886 306,610
Shareholders funds: 369,896 306,620

The notes form part of these financial statements

CAROLYN PARKER INTERIOR DESIGN LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 December 2024
and signed on behalf of the board by:

Name: Mrs.C.Parker
Status: Director

The notes form part of these financial statements

CAROLYN PARKER INTERIOR DESIGN LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 policy

Annual depreciation of plant and equipment is calculated at 25% of cost to write off the cost of the asset, less its residual value, over its estimated useful economic lifetime. No depreciation is provided for on the freehold premises

Other accounting policies

Taxation.A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Pensions.Contributions to defined contribution plans are expensed in the period to which they relate.

CAROLYN PARKER INTERIOR DESIGN LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 3 3

CAROLYN PARKER INTERIOR DESIGN LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 189,653
Additions 94,129
Disposals (80,994)
At 31 March 2024 202,788
Depreciation
At 01 April 2023 45,072
Charge for year 24,934
On disposals (20,249)
At 31 March 2024 49,757
Net book value
At 31 March 2024 153,031
At 31 March 2023 144,581

CAROLYN PARKER INTERIOR DESIGN LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

CAROLYN PARKER INTERIOR DESIGN LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Loans to directors

Name of director receiving advance or credit: Mrs.C.Parker
Description of the loan: Main loan purpose was to pay a personal expenditure.
£
Balance at 01 April 2023 0
Advances or credits made: 27,597
Advances or credits repaid: 8,259
Balance at 31 March 2024 19,338

The directors loan account became overdrawn during the year. No interest is charged on the overdrawn amount which was repaid in full by the 31st August 2024