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Company Registration No. 06911268 (England and Wales)
Interiors by Design Limited Unaudited accounts for the year ended 30 April 2024
Interiors by Design Limited Unaudited accounts Contents
Page
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Interiors by Design Limited Company Information for the year ended 30 April 2024
Directors
Mohammed Esssajee Simon Colebourne
Company Number
06911268 (England and Wales)
Registered Office
96 Leicester Road Wigston Leicestershire LE18 1DR
Accountants
Embee Oak Cardinal Point Park Road Rickmansworth Herts WD3 1RE
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Interiors by Design Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
38,459 
50,852 
Current assets
Inventories
10,100 
10,100 
Debtors
24,840 
16,334 
Cash at bank and in hand
12,728 
33,982 
47,668 
60,416 
Creditors: amounts falling due within one year
(77,643)
(55,683)
Net current (liabilities)/assets
(29,975)
4,733 
Total assets less current liabilities
8,484 
55,585 
Provisions for liabilities
Deferred tax
(7,307)
(12,713)
Net assets
1,177 
42,872 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,077 
42,772 
Shareholders' funds
1,177 
42,872 
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 8 January 2025 and were signed on its behalf by
Mohammed Esssajee Director Company Registration No. 06911268
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Interiors by Design Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Interiors by Design Limited is a private company, limited by shares, registered in England and Wales, registration number 06911268. The registered office is 96 Leicester Road, Wigston, Leicestershire, LE18 1DR.
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.
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.
Presentation currency
The accounts are presented in £ sterling.
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% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Interiors by Design Limited Notes to the Accounts for the year ended 30 April 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
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.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
93,434 
5,450 
44,770 
143,654 
Additions
250 
- 
825 
1,075 
At 30 April 2024
93,684 
5,450 
45,595 
144,729 
Depreciation
At 1 May 2023
47,831 
5,041 
39,930 
92,802 
Charge for the year
11,463 
102 
1,903 
13,468 
At 30 April 2024
59,294 
5,143 
41,833 
106,270 
Net book value
At 30 April 2024
34,390 
307 
3,762 
38,459 
At 30 April 2023
45,603 
409 
4,840 
50,852 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
8,263 
Amounts due from group undertakings etc.
4,000 
4,000 
Accrued income and prepayments
2,333 
2,333 
Other debtors
18,507 
1,738 
24,840 
16,334 
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Interiors by Design Limited Notes to the Accounts for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
12,146 
10,426 
Trade creditors
53,999 
31,402 
Taxes and social security
6,271 
8,601 
Loans from directors
128 
3,065 
Accruals
5,099 
2,189 
77,643 
55,683 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Short term loan to director
(593)
28,000 
8,900 
18,507 
(593)
28,000 
8,900 
18,507 
8
Average number of employees
During the year the average number of employees was 6 (2023: 7).
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