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Registered number: 09676579









EJ INTERIORS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
EJ INTERIORS LIMITED
REGISTERED NUMBER: 09676579

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
22,557
29,133

  
22,557
29,133

Current assets
  

Debtors: amounts falling due within one year
 6 
3,607,456
1,549,393

Cash at bank and in hand
  
87,558
157,954

  
3,695,014
1,707,347

Creditors: amounts falling due within one year
 7 
(2,035,156)
(186,593)

Net current assets
  
 
 
1,659,858
 
 
1,520,754

Total assets less current liabilities
  
1,682,415
1,549,887

  

Net assets
  
1,682,415
1,549,887


Capital and reserves
  

Called up share capital 
 8 
2,937,216
2,937,216

Profit and loss account
  
(1,254,801)
(1,387,329)

  
1,682,415
1,549,887

Page 1

 
EJ INTERIORS LIMITED
REGISTERED NUMBER: 09676579
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S Maksimovic
Director
Date: 18 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
EJ INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

EJ Interiors Limited is a private company limited by shares incorporated in England and Wales. The registered office is Islington Studios, Unit G6, Marlborough Road, N19 4NF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
The directors have received assurances that Enterijer Jankovic D.O.O intends to continue its financial support to the company for at least 12 months from the date of signing.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
EJ INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
EJ INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives as follows:

Depreciation is provided on the following basis:

Motor vehicles
-
20%
reducing balance
Office equipment
-
25%
straight line
Computer equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 

Page 5

 
EJ INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 5).


5.


Tangible fixed assets





Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2024
21,990
7,966
14,217
44,173


Additions
-
1,366
1,140
2,506



At 31 December 2024

21,990
9,332
15,357
46,679



Depreciation


At 1 January 2024
1,100
3,741
10,199
15,040


Charge for the year on owned assets
4,178
2,137
2,767
9,082



At 31 December 2024

5,278
5,878
12,966
24,122



Net book value



At 31 December 2024
16,712
3,454
2,391
22,557



At 31 December 2023
20,890
4,225
4,018
29,133

Page 6

 
EJ INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
944,307
109,756

Amounts owed by group undertakings
1,015,781
462,513

Other debtors
1,061,472
562,508

Prepayments and accrued income
585,896
414,616

3,607,456
1,549,393



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,391,675
72,537

Other taxation and social security
-
22,468

Other creditors
617,781
60,677

Accruals and deferred income
25,700
30,911

2,035,156
186,593



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2,937,216 (2023 - 2,937,216) Ordinary shares of £1.00 each
2,937,216
2,937,216



9.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £8,886 (2023: £4,617). Contributions totalling £1,699 (2023: £1,207) were payable to the fund at the reporting date and are included in creditors.

Page 7

 
EJ INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Related party transactions

Included within debtors is £1,015,781 (2023: £462,513) owed by the parent company and £50 (2023; £Nil) owed by the sole director.
Included within creditors is £1,203,623 (2023: £Nil) of trade creditors and £610,905 (2023: £58,677)of other creditors totalling £1,814,528 (2023: £58,677) that is owed to the parent company.
Included within turnover are sales of £1,035,070 (2023: £564,468) made to the parent company.
Included within cost of sales are purchases of £4,027,909 (2023: £706,894) made from the parent company.


11.


Controlling party

The ultimate parent company is Enterijer Jankovic D.O.O, a company registered in Serbia. The ultimate controlling party is Mr B Jankovic, by virtue of his shareholdings in Enterijer Jankovic D.O.O..
EJ Interiors Limited is a wholly owned subsidiary of Enterijer Jankovic D.O.O, a company registered in Serbia which prepares consolidated accounts including this company.The registered office of Enterijer Jankovic D.O.O is Primorska 88, 21000 Novi Sad, Republika Srbija.


12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 18 March 2025 by Edward Passmore (FCA) (Senior statutory auditor) on behalf of BKL Audit LLP.

 
Page 8