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REGISTERED NUMBER: 03403977







FINISHES AND INTERIORS SECTOR
LIMITED
( LIMITED BY GUARANTEE )

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






FINISHES AND INTERIORS SECTOR
LIMITED (REGISTERED NUMBER: 03403977)
( LIMITED BY GUARANTEE )

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FINISHES AND INTERIORS SECTOR
LIMITED
( LIMITED BY GUARANTEE )

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Andrew Richard Measom
Helen Julie Tapper
Philip Brown
Alan Brown
Richard John Grimes
James Gerrard Brennan
Ian Kenneth Strangward (Pres.)
Nigel Watkins
James Justin Devaney
Elizabeth Ashley Mcdermott
Lucia Maria Di Stazio
Richard Derek Mason





SECRETARY: Jane Knight





REGISTERED OFFICE: Unit 4
Olton Bridge
245 Warwick Road
Solihull
B92 7AH





REGISTERED NUMBER: 03403977





AUDITORS: Prime
Chartered Accountants
Statutory Auditor
Corner Oak
1 Homer Road
Solihull
B91 3QG

FINISHES AND INTERIORS SECTOR
LIMITED (REGISTERED NUMBER: 03403977)
( LIMITED BY GUARANTEE )

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 6,007 6,646

CURRENT ASSETS
Debtors 5 56,359 66,759
Cash at bank and in hand 740,564 624,271
796,923 691,030
CREDITORS
Amounts falling due within one year 6 316,517 234,581
NET CURRENT ASSETS 480,406 456,449
TOTAL ASSETS LESS CURRENT
LIABILITIES

486,413

463,095

RESERVES
Income and expenditure account 486,413 463,095
486,413 463,095

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 23 April 2025 and were signed on its behalf by:





Ian Kenneth Strangward (Pres.) - Director


FINISHES AND INTERIORS SECTOR
LIMITED (REGISTERED NUMBER: 03403977)
( LIMITED BY GUARANTEE )

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Finishes and Interiors Sector Limited is a private company, limited by guarantee, 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.

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.
Improvements to property - 25% reducing balance/25% straight line
Office equipment - 20% on cost
Computer equipment - 33.33% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

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 the profit and loss account in the period to which they relate. In addition, the company also contribute to an employee's personal pension scheme.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

FINISHES AND INTERIORS SECTOR
LIMITED (REGISTERED NUMBER: 03403977)
( LIMITED BY GUARANTEE )

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Improvements
to Office Computer
property equipment equipment Totals
£    £    £    £   
COST
At 1 January 2024 13,236 14,690 23,527 51,453
Additions - 2,532 - 2,532
Disposals - - (2,111 ) (2,111 )
At 31 December 2024 13,236 17,222 21,416 51,874
DEPRECIATION
At 1 January 2024 13,236 9,031 22,540 44,807
Charge for year - 2,184 793 2,977
Eliminated on disposal - - (1,917 ) (1,917 )
At 31 December 2024 13,236 11,215 21,416 45,867
NET BOOK VALUE
At 31 December 2024 - 6,007 - 6,007
At 31 December 2023 - 5,659 987 6,646

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,325 33,944
Other debtors 32,034 32,815
56,359 66,759

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 27,086 34,187
Taxation and social security 20,295 19,396
Other creditors 269,136 180,998
316,517 234,581

FINISHES AND INTERIORS SECTOR
LIMITED (REGISTERED NUMBER: 03403977)
( LIMITED BY GUARANTEE )

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 16,000 16,000
Between one and five years 48,000 48,000
In more than five years - 16,000
64,000 80,000

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeremy Kitson FCA (Senior Statutory Auditor)
for and on behalf of Prime