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REGISTERED NUMBER: 11320270 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Kevin Payne Interiors Ltd

Kevin Payne Interiors Ltd (Registered number: 11320270)






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




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4 to 5


Kevin Payne Interiors Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs V A Payne
Mr K J Payne





REGISTERED OFFICE: 4 Cromwell Court
New Street
Aylesbury
Buckinghamshire
HP20 2PB





REGISTERED NUMBER: 11320270 (England and Wales)

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kevin Payne Interiors Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kevin Payne Interiors Ltd for the year ended 30 April 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes 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 http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Kevin Payne Interiors Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kevin Payne Interiors Ltd and state those matters that we have agreed to state to the Board of Directors of Kevin Payne Interiors Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kevin Payne Interiors Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kevin Payne Interiors Ltd. You consider that Kevin Payne Interiors Ltd 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 financial statements of Kevin Payne Interiors Ltd. 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 financial statements.






APS Accountancy Ltd
4 Cromwell Court
New Street
Aylesbury
Buckinghamshire
HP20 2PB


31 January 2025

Kevin Payne Interiors Ltd (Registered number: 11320270)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 68,380 410

CURRENT ASSETS
Debtors 5 32,620 59,493
Cash at bank 8,797 13,498
41,417 72,991
CREDITORS
Amounts falling due within one year 6 (24,824 ) (39,204 )
NET CURRENT ASSETS 16,593 33,787
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,973

34,197

CREDITORS
Amounts falling due after more than one
year

7

(48,635

)

(16,607

)
NET ASSETS 36,338 17,590

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 36,238 17,490
SHAREHOLDERS' FUNDS 36,338 17,590

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





Mr K J Payne - Director


Kevin Payne Interiors Ltd (Registered number: 11320270)

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

1. STATUTORY INFORMATION

Kevin Payne Interiors Ltd 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.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Fixed assets
All fixed assets are initially recorded at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 20,557
Additions 90,979
Disposals (19,500 )
At 30 April 2024 92,036
DEPRECIATION
At 1 May 2023 20,147
Charge for year 23,009
Eliminated on disposal (19,500 )
At 30 April 2024 23,656
NET BOOK VALUE
At 30 April 2024 68,380
At 30 April 2023 410

Kevin Payne Interiors Ltd (Registered number: 11320270)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,455 24,698
Other debtors 7,165 34,795
32,620 59,493

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,027 8,021
Hire purchase contracts 6,896 -
Trade creditors 323 276
Taxation and social security 6,766 20,068
Other creditors 2,812 10,839
24,824 39,204

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,574 16,607
Hire purchase contracts 40,061 -
48,635 16,607

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr K J Payne and Mrs V A Payne
Balance outstanding at start of year 1,731 17,145
Amounts advanced - 17,956
Amounts repaid (1,731 ) (33,370 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,731

The advance is repayable on demand. The interest rate charged was 2.00%.