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REGISTERED NUMBER: 02951959 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

MADELAINE PEACE INTERIORS LTD.

MADELAINE PEACE INTERIORS LTD. (REGISTERED NUMBER: 02951959)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MADELAINE PEACE INTERIORS LTD.

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mrs M Peace
D K Peace
Ms K Peace





SECRETARY: D K Peace





REGISTERED OFFICE: 145 Oakbrook Road
Sheffield
South Yorkshire
S11 7EB





REGISTERED NUMBER: 02951959 (England and Wales)





ACCOUNTANTS: Carter Smith
12/14 Church Street
Ecclesfield
Sheffield
South Yorkshire
S35 9WE

MADELAINE PEACE INTERIORS LTD. (REGISTERED NUMBER: 02951959)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,970 4,172

CURRENT ASSETS
Stocks 29,912 15,877
Debtors 5 60,383 73,689
Cash at bank and in hand 43,920 86,626
134,215 176,192
CREDITORS
Amounts falling due within one year 6 91,019 88,288
NET CURRENT ASSETS 43,196 87,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,166

92,076

CREDITORS
Amounts falling due after more than one
year

7

(10,000

)

(20,000

)

PROVISIONS FOR LIABILITIES - (793 )
NET ASSETS 37,166 71,283

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 37,066 71,183
37,166 71,283

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

MADELAINE PEACE INTERIORS LTD. (REGISTERED NUMBER: 02951959)

Balance Sheet - continued
31 July 2024


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 19 March 2025 and were signed on its behalf by:





Mrs M Peace - Director


MADELAINE PEACE INTERIORS LTD. (REGISTERED NUMBER: 02951959)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Madelaine Peace Interiors Ltd. 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 2 (2023 - 2 ) .

MADELAINE PEACE INTERIORS LTD. (REGISTERED NUMBER: 02951959)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 19,181 77,322 96,503
Additions - 499 499
At 31 July 2024 19,181 77,821 97,002
DEPRECIATION
At 1 August 2023 19,181 73,150 92,331
Charge for year - 701 701
At 31 July 2024 19,181 73,851 93,032
NET BOOK VALUE
At 31 July 2024 - 3,970 3,970
At 31 July 2023 - 4,172 4,172

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 38,308 44,313
Other debtors 22,075 29,376
60,383 73,689

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 10,000 10,000
Payments on account - 2,183
Trade creditors 9,717 8,478
Taxation and social security 1,286 1,218
Other creditors 70,016 66,409
91,019 88,288

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 10,000 20,000