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REGISTERED NUMBER: 07368487 (England and Wales)










Financial Statements

for the Year Ended 30 September 2024

for

Ironbridge Interiors Limited

Ironbridge Interiors Limited (Registered number: 07368487)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Ironbridge Interiors Limited

Company Information
for the Year Ended 30 September 2024







Director: Mr A Baggott





Registered office: Unit 4 Merrythought Village
Ironbridge
Telford
Shropshire
TF8 7NJ





Registered number: 07368487 (England and Wales)





Accountants: Hughes & Co.
The Stables
Broseley Hall
Church Street
Broseley
Shropshire
TF12 5DG

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Ironbridge Interiors Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ironbridge Interiors Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Ironbridge Interiors Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ironbridge Interiors Limited and state those matters that we have agreed to state to the director of Ironbridge Interiors Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Ironbridge Interiors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ironbridge Interiors Limited. You consider that Ironbridge Interiors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ironbridge Interiors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hughes & Co.
The Stables
Broseley Hall
Church Street
Broseley
Shropshire
TF12 5DG


4 June 2025

Ironbridge Interiors Limited (Registered number: 07368487)

Balance Sheet
30 September 2024

2024 2023
Notes £ £ £
Fixed assets
Tangible assets 4 282,262 142,994

Current assets
Stocks 270,262 296,700
Debtors 5 111,672 124,735
Cash at bank and in hand 156,220 155,024
538,154 576,459
Creditors
Amounts falling due within one year 6 453,672 478,146
Net current assets 84,482 98,313
Total assets less current liabilities 366,744 241,307

Creditors
Amounts falling due after more than one
year

7

(49,593

)

(68,514

)

Provisions for liabilities (53,630 ) (27,169 )
Net assets 263,521 145,624

Capital and reserves
Called up share capital 8 200 200
Retained earnings 9 263,321 145,424
Shareholders' funds 263,521 145,624

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 director acknowledges his 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.

Ironbridge Interiors Limited (Registered number: 07368487)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 June 2025 and were signed by:





Mr A Baggott - Director


Ironbridge Interiors Limited (Registered number: 07368487)

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


1. STATUTORY INFORMATION

Ironbridge 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.

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 fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of Goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of Services

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.Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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
Computer equipment - 33% on cost

Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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.


Ironbridge Interiors Limited (Registered number: 07368487)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


2. ACCOUNTING POLICIES - continued
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.

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 18 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
Cost
At 1 October 2023 198,256 74,002 45,645 13,166 331,069
Additions 116,031 16,669 61,472 2,518 196,690
Disposals - - (5,740 ) - (5,740 )
At 30 September 2024 314,287 90,671 101,377 15,684 522,019
Depreciation
At 1 October 2023 127,608 23,600 25,206 11,661 188,075
Charge for year 19,069 15,633 20,286 1,668 56,656
Eliminated on disposal - - (4,974 ) - (4,974 )
At 30 September 2024 146,677 39,233 40,518 13,329 239,757
Net book value
At 30 September 2024 167,610 51,438 60,859 2,355 282,262
At 30 September 2023 70,648 50,402 20,439 1,505 142,994

Ironbridge Interiors Limited (Registered number: 07368487)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 83,567 98,336
Amounts owed by associates 5,000 -
Other debtors 4,250 4,250
Prepayments and accrued income 18,855 22,149
111,672 124,735

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 51,111 60,833
Hire purchase contracts 17,068 5,333
Trade creditors 198,756 334,476
Corporation tax 28,122 12,289
Social security and other taxes 12,764 11,712
VAT 36,357 29,073
Other creditors 103,384 19,235
Directors' current accounts 175 203
Accruals and deferred income 5,935 4,992
453,672 478,146

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans - 1-2 years 15,625 66,736
Hire purchase contracts 33,968 1,778
49,593 68,514

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary A shares 1 100 100
75 Ordinary B shares 1 75 75
25 Ordinary C shares 1 25 25
200 200

Ironbridge Interiors Limited (Registered number: 07368487)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


9. RESERVES
Retained
earnings
£

At 1 October 2023 145,424
Profit for the year 200,897
Dividends (83,000 )
At 30 September 2024 263,321