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KEDLESTON INTERIORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






KEDLESTON INTERIORS LIMITED (REGISTERED NUMBER: 05215220)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEDLESTON INTERIORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: C F Mason
Mrs J Mason
Mrs N S Roberts
M C Mason





REGISTERED OFFICE: 61 Kedleston Road
Derby
Derbyshire
DE22 1FL





REGISTERED NUMBER: 05215220 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

KEDLESTON INTERIORS LIMITED (REGISTERED NUMBER: 05215220)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 50,566 21,182

CURRENT ASSETS
Stocks 52,224 43,675
Debtors 5 24,684 22,378
Cash at bank and in hand 230,879 220,435
307,787 286,488
CREDITORS
Amounts falling due within one year 6 180,772 116,078
NET CURRENT ASSETS 127,015 170,410
TOTAL ASSETS LESS CURRENT LIABILITIES 177,581 191,592

CREDITORS
Amounts falling due after more than one year 7 (24,784 ) (17,501 )

PROVISIONS FOR LIABILITIES 9 (11,200 ) (3,700 )
NET ASSETS 141,597 170,391

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 141,497 170,291
SHAREHOLDERS' FUNDS 141,597 170,391

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

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

KEDLESTON INTERIORS LIMITED (REGISTERED NUMBER: 05215220)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by:





Mrs J Mason - Director


KEDLESTON INTERIORS LIMITED (REGISTERED NUMBER: 05215220)

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


1. STATUTORY INFORMATION

Kedleston 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.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, 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 Statement of Income and Retained Earnings, 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.

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

KEDLESTON INTERIORS LIMITED (REGISTERED NUMBER: 05215220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023 38,226 14,698 38,540 91,464
Additions - - 44,105 44,105
Disposals - - (25,845 ) (25,845 )
At 30 September 2024 38,226 14,698 56,800 109,724
DEPRECIATION
At 1 October 2023 29,686 9,460 31,136 70,282
Charge for year 1,709 1,047 6,470 9,226
Eliminated on disposal - - (20,350 ) (20,350 )
At 30 September 2024 31,395 10,507 17,256 59,158
NET BOOK VALUE
At 30 September 2024 6,831 4,191 39,544 50,566
At 30 September 2023 8,540 5,238 7,404 21,182

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 24,684 22,378

KEDLESTON INTERIORS LIMITED (REGISTERED NUMBER: 05215220)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 3,776 2,050
Trade creditors 32,867 11,536
Taxation and social security 27,455 36,437
Other creditors 106,674 56,055
180,772 116,078

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,536 17,501
Hire purchase contracts 17,248 -
24,784 17,501

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 21,024 2,050

The hire purchase liabilities are secured against the assets to which they relate.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 11,200 3,700

Deferred
tax
£   
Balance at 1 October 2023 3,700
Provided during year 7,500
Balance at 30 September 2024 11,200

KEDLESTON INTERIORS LIMITED (REGISTERED NUMBER: 05215220)

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


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value:
£ £
25 Ordinary £1 25 25
25 Ordinary A £1 25 25
25 Ordinary B £1 25 25
25 Ordinary C £1 25 25
100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, £15,689 (2023: £13,590) was due from the directors. During the year, £82,018 (2023: £20,319) was advanced and £79,919 (2023: £18,141) was repaid. Interest is charged on loans to directors at HMRC approved rates, the amount charged during the year was £245.