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REGISTERED NUMBER: 07955252 (England and Wales)















MOWBRAY INTERIORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






MOWBRAY INTERIORS LIMITED (REGISTERED NUMBER: 07955252)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


MOWBRAY INTERIORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: P Hunt
M Davison





REGISTERED OFFICE: 3 Castlegate
Grantham
Lincolnshire
NG31 6SF





REGISTERED NUMBER: 07955252 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT

MOWBRAY INTERIORS LIMITED (REGISTERED NUMBER: 07955252)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 150,246 155,054

CURRENT ASSETS
Inventories 6,000 10,000
Debtors 5 533,991 431,875
Cash at bank 638,100 513,684
1,178,091 955,559
CREDITORS
Amounts falling due within one year 6 563,455 428,764
NET CURRENT ASSETS 614,636 526,795
TOTAL ASSETS LESS CURRENT LIABILITIES 764,882 681,849

PROVISIONS FOR LIABILITIES 7,767 8,358
NET ASSETS 757,115 673,491

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 757,015 673,391
SHAREHOLDERS' FUNDS 757,115 673,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 24 March 2025 and were signed on its behalf by:





P Hunt - Director


MOWBRAY INTERIORS LIMITED (REGISTERED NUMBER: 07955252)

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

1. STATUTORY INFORMATION

Mowbray 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 33.3% on cost, 25% on reducing balance, 20% on reducing balance, 15% on reducing balance and 10% on cost

Property, plant and equipment is stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories
Inventories are valued at the lower of cost and fair value less costs to complete and sell and after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

MOWBRAY INTERIORS LIMITED (REGISTERED NUMBER: 07955252)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 104,348 169,991 274,339
Additions - 9,436 9,436
Disposals - (1,935 ) (1,935 )
At 30 June 2024 104,348 177,492 281,840
DEPRECIATION
At 1 July 2023 - 119,285 119,285
Charge for year - 12,362 12,362
Eliminated on disposal - (53 ) (53 )
At 30 June 2024 - 131,594 131,594
NET BOOK VALUE
At 30 June 2024 104,348 45,898 150,246
At 30 June 2023 104,348 50,706 155,054


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 191,582 136,135
Other debtors 237,259 223,938
Directors' current accounts 89,472 55,314
Prepayments 15,678 16,488
533,991 431,875

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 419,549 244,071
Taxation 72,641 43,289
Other taxes and social security 53,998 27,936
Other creditors 477 1,553
Accruals and deferred income 16,790 111,915
563,455 428,764

MOWBRAY INTERIORS LIMITED (REGISTERED NUMBER: 07955252)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. OTHER FINANCIAL COMMITMENTS

The company has commitments due as follows:

20242023
££
Due in less than one year23,65815,879
Due between two and five years24,25613,104
47,91428,983

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
P Hunt
Balance outstanding at start of year 55,314 (5,138 )
Amounts advanced 89,472 60,452
Amounts repaid (55,314 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 89,472 55,314

Interest was charged at 2.25% on the directors loan.

The loan is repayable on demand.