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REGISTERED NUMBER: 04428320 (England and Wales)




Unaudited Financial Statements

for the Year Ended 30 April 2024

for

CONCEPT INTERIORS MANAGEMENT LIMITED

CONCEPT INTERIORS MANAGEMENT LIMITED (REGISTERED NUMBER: 04428320)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CONCEPT INTERIORS MANAGEMENT LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M R Saunders
Mrs J C Saunders





REGISTERED OFFICE: Victoria House
50 Alexandra Street
Southend-on-Sea
Essex
SS1 1BN





REGISTERED NUMBER: 04428320 (England and Wales)





ACCOUNTANTS: Barnard Mountstephens Childs Limited
Chartered Certified Accountants
Victoria House
50 Alexandra Street
Southend-on-Sea
Essex
SS1 1BN

CONCEPT INTERIORS MANAGEMENT LIMITED (REGISTERED NUMBER: 04428320)

Balance Sheet
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 381,445 395,956

CURRENT ASSETS
Debtors 5 1,022,983 814,217
Cash at bank 698,517 2,019,894
1,721,500 2,834,111
CREDITORS
Amounts falling due within one year 6 567,512 1,727,857
NET CURRENT ASSETS 1,153,988 1,106,254
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,535,433

1,502,210

CREDITORS
Amounts falling due after more than one
year

7

(64,857

)

(41,597

)

PROVISIONS FOR LIABILITIES (3,600 ) (12,000 )
NET ASSETS 1,466,976 1,448,613

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 1,466,876 1,448,513
SHAREHOLDERS' FUNDS 1,466,976 1,448,613

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CONCEPT INTERIORS MANAGEMENT LIMITED (REGISTERED NUMBER: 04428320)

Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:





M R Saunders - Director


CONCEPT INTERIORS MANAGEMENT LIMITED (REGISTERED NUMBER: 04428320)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Concept Interiors Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant & equipment - 25% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer & office equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

CONCEPT INTERIORS MANAGEMENT LIMITED (REGISTERED NUMBER: 04428320)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant & and
property equipment fittings
£    £    £   
COST
At 1 May 2023 378,901 19,090 4,109
Additions - - -
At 30 April 2024 378,901 19,090 4,109
DEPRECIATION
At 1 May 2023 98,515 19,090 2,839
Charge for year 5,473 - 272
At 30 April 2024 103,988 19,090 3,111
NET BOOK VALUE
At 30 April 2024 274,913 - 998
At 30 April 2023 280,386 - 1,270

CONCEPT INTERIORS MANAGEMENT LIMITED (REGISTERED NUMBER: 04428320)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Computer
Motor & office
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 174,158 75,049 651,307
Additions 30,326 3,586 33,912
At 30 April 2024 204,484 78,635 685,219
DEPRECIATION
At 1 May 2023 69,333 65,574 255,351
Charge for year 38,523 4,155 48,423
At 30 April 2024 107,856 69,729 303,774
NET BOOK VALUE
At 30 April 2024 96,628 8,906 381,445
At 30 April 2023 104,825 9,475 395,956

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023
and 30 April 2024 71,934
DEPRECIATION
At 1 May 2023
and 30 April 2024 13,188
NET BOOK VALUE
At 30 April 2024 58,746
At 30 April 2023 58,746

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 299,780 603,056
Other debtors 597,942 182,901
Directors' current accounts 85,822 -
Prepayments 39,439 28,260
1,022,983 814,217

CONCEPT INTERIORS MANAGEMENT LIMITED (REGISTERED NUMBER: 04428320)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Hire purchase contracts 9,485 7,310
Trade creditors 205,433 591,705
Corporation tax 59,187 60,018
Social security and other taxes 2,266 68,335
VAT 111,435 190,925
Other creditors 7,742 226,405
Directors' current accounts - 20,323
Accruals and deferred income 171,964 562,836
567,512 1,727,857

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Hire purchase contracts 64,857 41,597

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/24 30/4/23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 May 2023 1,448,513
Profit for the year 138,363
Dividends (120,000 )
At 30 April 2024 1,466,876

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30/4/24 30/4/23
£    £   
M R Saunders
Balance outstanding at start of year - 205,885
Amounts advanced 85,822 -
Amounts repaid - (205,885 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 85,822 -

CONCEPT INTERIORS MANAGEMENT LIMITED (REGISTERED NUMBER: 04428320)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £120,000 (2023 - £100,000) were paid to the directors .

During the year the company advanced an amount of £597,685 to an associated company for which no interest has been charged..

12. ULTIMATE CONTROLLING PARTY

The controlling party is M R Saunders.