Registered number
04614745
Charlton Interiors Limited
Filleted Accounts
31 December 2024
Charlton Interiors Limited
Registered number: 04614745
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,413 7,107
Current assets
Debtors 4 10,165 9,488
Cash at bank and in hand 43,488 95,242
53,653 104,730
Creditors: amounts falling due within one year 5 (14,326) (42,777)
Net current assets 39,327 61,953
Total assets less current liabilities 45,740 69,060
Provisions for liabilities (1,218) (1,350)
Net assets 44,522 67,710
Capital and reserves
Called up share capital 4 4
Profit and loss account 44,518 67,706
Shareholders' funds 44,522 67,710
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S J Lock
Director
Approved by the board on 15 April 2025
Charlton Interiors Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 3 Years straight line
Plant and machinery 20% Reducing balance
Motor vehicles 25% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Computer equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 4,746 3,538 20,707 28,991
Additions 628 913 - 1,541
Disposals (988) - - (988)
At 31 December 2024 4,386 4,451 20,707 29,544
Depreciation
At 1 January 2024 2,755 2,107 17,022 21,884
Charge for the year 639 347 921 1,907
On disposals (660) - - (660)
At 31 December 2024 2,734 2,454 17,943 23,131
Net book value
At 31 December 2024 1,652 1,997 2,764 6,413
At 31 December 2023 1,991 1,431 3,685 7,107
4 Debtors 2024 2023
£ £
Trade debtors 9,828 8,907
Other debtors 337 581
10,165 9,488
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 9 70
Taxation and social security costs 2,927 13,562
Other creditors 11,390 29,145
14,326 42,777
6 Other information
Charlton Interiors Limited is a private company limited by shares and incorporated in England. Its registered office is:
5B Sunrise Business Park
Higher Shaftesbury Road
Blandford Forum
Dorset
DT11 8ST
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