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REGISTERED NUMBER: 12954559 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

ABI INTERIORS INTERNATIONAL LIMITED

ABI INTERIORS INTERNATIONAL LIMITED (REGISTERED NUMBER: 12954559)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ABI INTERIORS INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: S Farrell-Yamamoto





REGISTERED OFFICE: 10 John Street
London
WC1N 2EB





REGISTERED NUMBER: 12954559 (England and Wales)





AUDITORS: Oury Clark Chartered Accountants
Statutory Auditors
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

ABI INTERIORS INTERNATIONAL LIMITED (REGISTERED NUMBER: 12954559)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 31,787 51,718

CURRENT ASSETS
Stocks 626,596 490,429
Debtors 5 33,513 81,708
Cash at bank and in hand 409,962 564,041
1,070,071 1,136,178
CREDITORS
Amounts falling due within one year 6 967,032 1,135,605
NET CURRENT ASSETS 103,039 573
TOTAL ASSETS LESS CURRENT
LIABILITIES

134,826

52,291

PROVISIONS FOR LIABILITIES 8 20,087 10,394
NET ASSETS 114,739 41,897

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 114,737 41,895
SHAREHOLDERS' FUNDS 114,739 41,897

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 director and authorised for issue on 13 May 2025 and were signed by:





S Farrell-Yamamoto - Director


ABI INTERIORS INTERNATIONAL LIMITED (REGISTERED NUMBER: 12954559)

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

1. STATUTORY INFORMATION

ABI Interiors International 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 trading address of the company is 316 Design Centre East, Chelsea Harbour, London, SW10 0XF.

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.

ABI Interiors Pty Limited, a fellow group company, will continue to provide any financial and operational support which may be necessary in order that the company can continue to trade and meet its liabilities, as they fall due, for the foreseeable future, and in any event for a period in excess of 12 months and 1 day from the date of the signing of the audit report.

The director has assessed the ability of ABI Interiors Pty Limited to provide this support, reviewing the fellow group company's cash flow forecasts, its latest results and its financier agreements. As part of this review, the director has noted that the fellow group company is party to a trade finance facility that is due for renewal on 31 December 2025. The director is confident that the facility will be renewed and has no reason to believe that it won't be renewed. This assessment is based on the previous successful annual renewals of this facility, the fact that the fellow group company is profitable, is in a net current assets position and that the facility covenants have not been breached to date.

As a result of this commitment the director has continued to adopt the going concern basis in preparing these financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents the amount charged on the sale of goods, excluding discounts, rebates, value added tax, and other sales tax.

Turnover is recognised when goods are delivered to the customer.

Turnover relating to sales made in the final 3 days of the period are deferred, in order to account for the uncertainty over delivery times, leading to goods being received following the year end.

Tangible fixed assets
Tangible fixed assets are initially measured at cost. After initial recognition, tangible assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Plant and machinery etc -
20% to 50% on cost, over remaining term of lease and
between 5 and 20 years

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.


ABI INTERIORS INTERNATIONAL LIMITED (REGISTERED NUMBER: 12954559)

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

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

Financial instruments
Basic Financial Instruments, as covered by Section 11 of FRS 102, are measured at amortised cost. The company does not have any Other Financial Instruments, as covered by Section 12 of FRS 102.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

ABI INTERIORS INTERNATIONAL LIMITED (REGISTERED NUMBER: 12954559)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 122,152
Additions 12,899
Disposals (75,371 )
At 30 June 2024 59,680
DEPRECIATION
At 1 July 2023 70,434
Charge for year 29,915
Eliminated on disposal (72,456 )
At 30 June 2024 27,893
NET BOOK VALUE
At 30 June 2024 31,787
At 30 June 2023 51,718

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 484 1,024
Amounts owed by group undertakings - 52,469
Other debtors 33,029 28,215
33,513 81,708

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 64,618 55,518
Amounts owed to group undertakings 508,608 844,337
Taxation and social security 213,425 128,363
Other creditors & accruals 180,381 107,387
967,032 1,135,605

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 53,440 38,035
Between one and five years 42,660 25,000
96,100 63,035

ABI INTERIORS INTERNATIONAL LIMITED (REGISTERED NUMBER: 12954559)

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

8. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 915 915
Sales returns provisions 19,172 9,479
20,087 10,394

Sales
Deferred returns
tax provisions
£    £   
Balance at 1 July 2023 915 9,479
Charge to Income Statement during year - 19,172
Utilised during year - (9,479 )
Balance at 30 June 2024 915 19,172

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
2 Ordinary £1 2 2

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

The Report of the Auditors was unqualified.

James Clark (Senior Statutory Auditor)
for and on behalf of Oury Clark Chartered Accountants

"Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

12. ULTIMATE PARENT COMPANY

ABI International Holdings Pty Ltd, a company incorporated in Australia is both the immediate and ultimate
parent company. The registered address of the company is Level 23, 480 Queen Street, Brisbane City, QLD
4000.

ABI International Holdings Pty Ltd prepares consolidated financial statements. These financial statements are available upon request in writing to the above registered address.