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Registration number: 05621495

Commercial & Industrial Interiors Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

image-name
 

Commercial & Industrial Interiors Ltd

Contents

Company Information

1

Balance Sheet

2

Staff numbers

4

 

Commercial & Industrial Interiors Ltd

Company Information

Directors

JI Dunnage

AV Dunnage

Registered office

Commercial House Princess Way
Low Prudhoe Industrial Estate
Prudhoe
Northumberland
NE42 6HD

Accountants

TyneRede Accountancy Ltd
Chartered Certified Accountant
Lloyds Bank House
Bellingham
Hexham
Northumberland
NE48 2AZ

 

Commercial & Industrial Interiors Ltd

(Registration number: 05621495)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

1.3

84,086

86,111

Current assets

 

Stocks

1.4

23,174

16,828

Debtors

1.5

761,589

1,253,332

Cash at bank and in hand

 

451,542

241,664

 

1,236,305

1,511,824

Creditors: Amounts falling due within one year

1.6

(380,205)

(679,490)

Net current assets

 

856,100

832,334

Net assets

 

940,186

918,445

Capital and reserves

 

Called up share capital

1.7

1,060

1,060

Capital redemption reserve

100

100

Retained earnings

939,026

917,285

Shareholders' funds

 

940,186

918,445

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 May 2025 and signed on its behalf by:
 

.........................................
JI Dunnage
Director

 

Commercial & Industrial Interiors Ltd

Notes to the Financial Statements for the Year Ended 30 November 2024

1.1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Commercial House Princess Way
Low Prudhoe Industrial Estate
Prudhoe
Northumberland
NE42 6HD

These financial statements were authorised for issue by the Board on 14 May 2025.

1.2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Commercial & Industrial Interiors Ltd

Notes to the Financial Statements for the Year Ended 30 November 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Tools and equipment

25% reducing balance basis

Furniture, fittings and office equipment

25% reducing balance basis

Motor vehicles

25% reducing balance basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 9).

 

Commercial & Industrial Interiors Ltd

Notes to the Financial Statements for the Year Ended 30 November 2024

1.3

Tangible assets

Furniture, fittings and office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2023

255,869

27,403

283,272

Additions

9,753

-

9,753

At 30 November 2024

265,622

27,403

293,025

Depreciation

At 1 December 2023

178,429

18,732

197,161

Charge for the year

9,610

2,168

11,778

At 30 November 2024

188,039

20,900

208,939

Carrying amount

At 30 November 2024

77,583

6,503

84,086

At 30 November 2023

77,440

8,671

86,111

1.4

Stocks

2024
£

2023
£

Other inventories

23,174

16,828

1.5

debtors

Current

2024
£

2023
£

Trade debtors

721,182

1,015,529

Prepayments

28,785

22,529

Other debtors

11,622

215,274

 

761,589

1,253,332

1.6

Creditors

Creditors: amounts falling due within one year

 

Commercial & Industrial Interiors Ltd

Notes to the Financial Statements for the Year Ended 30 November 2024

2024
£

2023
£

Due within one year

Trade creditors

174,205

289,795

Taxation and social security

168,458

327,099

Accruals and deferred income

29,727

45,701

Other creditors

7,815

16,895

380,205

679,490

1.7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

B Ordinary shares of £1 each

60

60

60

60

1,060

1,060

1,060

1,060

1.8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £60,000 (2023 - £60,000).

1.9

Related party transactions

Transactions with directors

2024

At 1 December 2023
£

Advances to director
£

Repayments by director
£

At 30 November 2024
£

Interest charged at an average rate of 2.25% (2023 - 2.227%)

203,219

170

(203,219)

170

 

2023

At 1 December 2022
£

Advances to director
£

At 30 November 2023
£

Interest charged at an average rate of 2.25% (2023 - 2.227%)

(172,301)

375,520

203,219

 

 

Commercial & Industrial Interiors Ltd

Notes to the Financial Statements for the Year Ended 30 November 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

25,140

22,730

Contributions paid to money purchase schemes

93,600

153,600

118,740

176,330