1 October 2023 false Taxfiler 2024.6 07377320business:PrivateLimitedCompanyLtd2023-10-012024-09-30 073773202023-09-30 073773202023-10-012024-09-30 07377320business:AuditExemptWithAccountantsReport2023-10-012024-09-30 07377320business:FilletedAccounts2023-10-012024-09-30 073773202024-09-30 07377320business:Director12023-10-012024-09-30 07377320business:Director22023-10-012024-09-30 07377320business:RegisteredOffice2023-10-012024-09-30 073773202023-09-30 07377320core:WithinOneYear2024-09-30 07377320core:WithinOneYear2023-09-30 07377320core:AfterOneYear2024-09-30 07377320core:AfterOneYear2023-09-30 07377320core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 07377320core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 07377320core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 07377320core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 07377320core:PreviouslyStatedAmount2024-09-30 07377320core:PreviouslyStatedAmount2023-09-30 07377320business:SmallEntities2023-10-012024-09-30 07377320countries:EnglandWales2023-10-012024-09-30 07377320core:PlantMachinery2023-10-012024-09-30 07377320core:MotorVehicles2023-10-012024-09-30 07377320core:FurnitureFittings2023-10-012024-09-30 07377320core:Goodwill2023-09-30 07377320core:IntangibleAssetsOtherThanGoodwill2023-09-30 07377320core:Goodwill2024-09-30 07377320core:IntangibleAssetsOtherThanGoodwill2024-09-30 07377320core:PlantMachinery2023-09-30 07377320core:MotorVehicles2023-09-30 07377320core:FurnitureFittings2023-09-30 07377320core:PlantMachinery2024-09-30 07377320core:MotorVehicles2024-09-30 07377320core:FurnitureFittings2024-09-30 073773202022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. 07377320 (England and Wales)
Interiors 4 Living Ltd Unaudited accounts for the year ended 30 September 2024
Interiors 4 Living Ltd Unaudited accounts Contents
Page
- 2 -
Interiors 4 Living Ltd Company Information for the year ended 30 September 2024
Directors
Mr A Hussain Mr N A Mahboob
Company Number
07377320 (England and Wales)
Registered Office
56-68 Station Road Leeds LS15 7JY
Accountants
Arif Khan Accountants Limited 25 Whetley Lane Bradford W Yorkshire BD8 9EH
- 3 -
Interiors 4 Living Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
98,158 
111,845 
Current assets
Inventories
150,500 
141,000 
Debtors
100,000 
150,000 
Cash at bank and in hand
83,646 
124,596 
334,146 
415,596 
Creditors: amounts falling due within one year
(356,477)
(276,008)
Net current (liabilities)/assets
(22,331)
139,588 
Total assets less current liabilities
75,827 
251,433 
Creditors: amounts falling due after more than one year
(15,009)
(25,657)
Net assets
60,818 
225,776 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
60,718 
225,676 
Shareholders' funds
60,818 
225,776 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by
Mr N A Mahboob Director Company Registration No. 07377320
- 4 -
Interiors 4 Living Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Interiors 4 Living Ltd is a private company, limited by shares, registered in England and Wales, registration number 07377320. The registered office is 56-68 Station Road, Leeds, LS15 7JY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance basis
Motor vehicles
20% reducing balance basis
Fixtures & fittings
20% reducing balance basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
Interiors 4 Living Ltd Notes to the Accounts for the year ended 30 September 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 October 2023
30,000 
1,664 
31,664 
At 30 September 2024
30,000 
1,664 
31,664 
Amortisation
At 1 October 2023
30,000 
1,664 
31,664 
At 30 September 2024
30,000 
1,664 
31,664 
Net book value
At 30 September 2024
- 
- 
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
185,822 
113,921 
11,502 
311,245 
Additions
- 
- 
10,852 
10,852 
At 30 September 2024
185,822 
113,921 
22,354 
322,097 
Depreciation
At 1 October 2023
123,000 
72,260 
4,140 
199,400 
Charge for the year
12,564 
8,332 
3,643 
24,539 
At 30 September 2024
135,564 
80,592 
7,783 
223,939 
Net book value
At 30 September 2024
50,258 
33,329 
14,571 
98,158 
At 30 September 2023
62,822 
41,661 
7,362 
111,845 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
100,000 
150,000 
- 6 -
Interiors 4 Living Ltd Notes to the Accounts for the year ended 30 September 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
25,012 
- 
VAT
61,460 
53,866 
Trade creditors
180,088 
138,158 
Taxes and social security
16,389 
20,152 
Loans from directors
- 
3,947 
Accruals
3,550 
2,700 
Deferred income
69,978 
57,185 
356,477 
276,008 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,009 
25,657 
9
Average number of employees
During the year the average number of employees was 19 (2023: 22).
- 7 -