Company Registration No. 8924487 (England and Wales)
S I INTERIORS LIMITED
Unaudited accounts
for the year ended 31 March 2024
S I INTERIORS LIMITED
Unaudited accounts
Contents
S I INTERIORS LIMITED
Company Information
for the year ended 31 March 2024
Company Number
8924487 (England and Wales)
Registered Office
5 Dickens Court
Blundeston
Lowestoft
NR32 5BA
Accountants
P Lacey & Associates Ltd
Office 17
2 Regent House
Lowestoft
NR32 1PA
S I INTERIORS LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
32,230
11,560
Cash at bank and in hand
91,549
49,622
Creditors: amounts falling due within one year
(77,876)
(29,482)
Net current assets
203,980
105,199
Net assets
236,210
116,759
Called up share capital
2
2
Profit and loss account
236,208
116,757
Shareholders' funds
236,210
116,759
For the year ending 31 March 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 19 July 2024 and were signed on its behalf by
Mr Simon Watkins
Director
Company Registration No. 8924487
S I INTERIORS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
S I INTERIORS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 8924487. The registered office is 5 Dickens Court, Blundeston, Lowestoft, NR32 5BA.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
20% Reducing balance
Motor vehicles
20% Reducing balance
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.
S I INTERIORS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
5,967
19,418
25,385
Additions
939
36,405
37,344
Disposals
-
(19,418)
(19,418)
At 31 March 2024
6,906
36,405
43,311
At 1 April 2023
3,023
10,802
13,825
Charge for the year
777
7,281
8,058
On disposals
-
(10,802)
(10,802)
At 31 March 2024
3,800
7,281
11,081
At 31 March 2024
3,106
29,124
32,230
At 31 March 2023
2,944
8,616
11,560
Amounts falling due within one year
Trade debtors
109,310
27,669
Other debtors
76,402
54,047
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
19,927
-
Taxes and social security
57,794
29,482
Loans from directors
155
-
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).