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Company Registration No. 12578728 (England and Wales)
Advanced Interiors Ltd Unaudited accounts for the year ended 30 April 2024
Advanced Interiors Ltd Unaudited accounts Contents
Page
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Advanced Interiors Ltd Company Information for the year ended 30 April 2024
Director
Christopher McLaughlin
Company Number
12578728 (England and Wales)
Registered Office
Thornfield Ratcliffe Wharf Lane Preston Lancashire PR3 0AP
Accountants
MJ Houlihan & Co Accountants 99-101 Corporation Street St Helens WA10 1SX
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Advanced Interiors Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,914 
7,183 
Current assets
Debtors
2,793 
817 
Cash at bank and in hand
8,027 
2,713 
10,820 
3,530 
Creditors: amounts falling due within one year
11,850 
7,201 
Net current assets
22,670 
10,731 
Net assets
40,584 
17,914 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
40,583 
17,913 
Shareholders' funds
40,584 
17,914 
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 director acknowledges his 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 8 August 2024 and were signed on its behalf by
Christopher McLaughlin Director Company Registration No. 12578728
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Advanced Interiors Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Advanced Interiors Ltd is a private company, limited by shares, registered in England and Wales, registration number 12578728. The registered office is Thornfield, Ratcliffe Wharf Lane, Preston, Lancashire, PR3 0AP.
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:
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
- 
12,770 
12,770 
Additions
10,070 
8,495 
18,565 
At 30 April 2024
10,070 
21,265 
31,335 
Depreciation
At 1 May 2023
- 
5,587 
5,587 
Charge for the year
2,518 
5,316 
7,834 
At 30 April 2024
2,518 
10,903 
13,421 
Net book value
At 30 April 2024
7,552 
10,362 
17,914 
At 30 April 2023
- 
7,183 
7,183 
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Advanced Interiors Ltd Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
273 
817 
Other debtors
2,520 
- 
2,793 
817 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
(11,850)
(7,201)
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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