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REGISTERED NUMBER: 14023357 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

PIP MORRIS INTERIORS LIMITED

PIP MORRIS INTERIORS LIMITED (REGISTERED NUMBER: 14023357)






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


PIP MORRIS INTERIORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs P D Morrison
Mr R A D Morrison





REGISTERED OFFICE: 11 Tetbury Hill
Avening
Tetbury
Gloucestershire
GL8 8LT





REGISTERED NUMBER: 14023357 (England and Wales)





ACCOUNTANTS: Shiner Mitchell Fisher & Co Ltd
Smith House
George Street
Nailsworth
Stroud
Gloucestershire
GL6 0AG

PIP MORRIS INTERIORS LIMITED (REGISTERED NUMBER: 14023357)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,301 27,383

CURRENT ASSETS
Debtors 5 27,087 32,534
Cash at bank 123 888
27,210 33,422
CREDITORS
Amounts falling due within one year 6 25,659 21,795
NET CURRENT ASSETS 1,551 11,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,852

39,010

CREDITORS
Amounts falling due after more than one
year

7

18,494

23,469
NET ASSETS 3,358 15,541

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,356 15,539
3,358 15,541

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.

PIP MORRIS INTERIORS LIMITED (REGISTERED NUMBER: 14023357)

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 31 January 2025 and were signed on its behalf by:





Mrs P D Morrison - Director


PIP MORRIS INTERIORS LIMITED (REGISTERED NUMBER: 14023357)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Pip Morris Interiors 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.
Plant and machinery etc - 33.33% on cost, 25% on reducing balance and 20% 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.

3. EMPLOYEES AND DIRECTORS

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

PIP MORRIS INTERIORS LIMITED (REGISTERED NUMBER: 14023357)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 36,576
DEPRECIATION
At 1 May 2023 9,193
Charge for year 7,082
At 30 April 2024 16,275
NET BOOK VALUE
At 30 April 2024 20,301
At 30 April 2023 27,383

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 21,644 24,574
Other debtors 5,443 7,960
27,087 32,534

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 4,975 4,975
Trade creditors 5,351 2,137
Other creditors 15,333 14,683
25,659 21,795

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 18,494 23,469

8. RELATED PARTY DISCLOSURES

During the year the directors made an interest free unsecured loan to the company. The balance due to the directors at 30 April 2024 was £14,513 (2023 - £13,883).