Company Registration No. 05726608 (England and Wales)
Sarah's Wallpaper & Interiors Ltd
Unaudited accounts
for the year ended 31 March 2024
Sarah's Wallpaper & Interiors Ltd
Unaudited accounts
Contents
Sarah's Wallpaper & Interiors Ltd
Company Information
for the year ended 31 March 2024
Company Number
05726608 (England and Wales)
Registered Office
37 Oak Lane
Bradford
West Yorkshire
BD9 4QB
UK
Accountants
Malik Chopdat & Co
99 Manningham Lane
Bradford
West Yorkshire
BD1 3BN
Sarah's Wallpaper & Interiors Ltd
Accountants' report
Accountants' report to the director of Sarah's Wallpaper & Interiors Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Sarah's Wallpaper & Interiors Ltd for the year ended
31 March 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Sarah's Wallpaper & Interiors Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Sarah's Wallpaper & Interiors Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sarah's Wallpaper & Interiors Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sarah's Wallpaper & Interiors Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Sarah's Wallpaper & Interiors Ltd. You consider that Sarah's Wallpaper & 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 accounts of Sarah's Wallpaper & 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 accounts.
Malik Chopdat & Co
99 Manningham Lane
Bradford
West Yorkshire
BD1 3BN
4 March 2025
Sarah's Wallpaper & Interiors Ltd
Statement of financial position
as at 31 March 2024
Intangible assets
6,170
6,170
Tangible assets
2,620
3,131
Inventories
242,512
231,117
Cash at bank and in hand
7,518
10,257
Creditors: amounts falling due within one year
(37,246)
(23,813)
Net current assets
215,316
225,895
Total assets less current liabilities
224,106
235,196
Creditors: amounts falling due after more than one year
(50,945)
(70,186)
Net assets
173,161
165,010
Called up share capital
100
100
Profit and loss account
173,061
164,910
Shareholders' funds
173,161
165,010
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 4 March 2025 and were signed on its behalf by
Mr.Humza Salim
Director
Company Registration No. 05726608
Sarah's Wallpaper & Interiors Ltd
Notes to the Accounts
for the year ended 31 March 2024
Sarah's Wallpaper & Interiors Ltd is a private company, limited by shares, registered in England and Wales, registration number 05726608. The registered office is 37 Oak Lane, Bradford, West Yorkshire, BD9 4QB, UK.
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:
Motor vehicles
25% Reducing balance basis
Fixtures & fittings
15% Reducing balance basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is amortised at a rate of 2% straight line basis..
4
Intangible fixed assets
Total
Sarah's Wallpaper & Interiors Ltd
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Total
6
Average number of employees
During the year the average number of employees was 3 (2023: 3).