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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
Page
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S I INTERIORS LIMITED Company Information for the year ended 31 March 2024
Director
Mr Simon Watkins
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
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S I INTERIORS LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
32,230 
11,560 
Current assets
Debtors
190,307 
85,059 
Cash at bank and in hand
91,549 
49,622 
281,856 
134,681 
Creditors: amounts falling due within one year
(77,876)
(29,482)
Net current assets
203,980 
105,199 
Net assets
236,210 
116,759 
Capital and reserves
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
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S I INTERIORS LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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.
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
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.
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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 
Depreciation
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 
Net book value
At 31 March 2024
3,106 
29,124 
32,230 
At 31 March 2023
2,944 
8,616 
11,560 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
4,595 
3,343 
Trade debtors
109,310 
27,669 
Other debtors
76,402 
54,047 
190,307 
85,059 
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 
- 
77,876 
29,482 
7
Share capital
2024 
2023 
£ 
£ 
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).
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