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REGISTERED NUMBER: 08553237 (England and Wales)









INTERIOR LAB LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






INTERIOR LAB LTD (REGISTERED NUMBER: 08553237)






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


INTERIOR LAB LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: P C Forfar
H E Jones





SECRETARY: MC Secretaries Limited





REGISTERED OFFICE: Unit 3
Viceroy Court
Bedford Road
Petersfield
Hampshire
GU32 3LJ





REGISTERED NUMBER: 08553237 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

INTERIOR LAB LTD (REGISTERED NUMBER: 08553237)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,549 17,098
Tangible assets 5 213,721 251,859
222,270 268,957

CURRENT ASSETS
Debtors 6 851,377 1,314,353
Cash at bank 1,457,235 1,022,125
2,308,612 2,336,478
CREDITORS
Amounts falling due within one year 7 1,825,459 1,890,439
NET CURRENT ASSETS 483,153 446,039
TOTAL ASSETS LESS CURRENT
LIABILITIES

705,423

714,996

CREDITORS
Amounts falling due after more than one
year

8

(60,611

)

(118,904

)

PROVISIONS FOR LIABILITIES 9 (28,253 ) (36,882 )
NET ASSETS 616,559 559,210

CAPITAL AND RESERVES
Called up share capital 10 7,500 7,500
Capital redemption reserve 42,575 42,575
Retained earnings 566,484 509,135
SHAREHOLDERS' FUNDS 616,559 559,210

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.

INTERIOR LAB LTD (REGISTERED NUMBER: 08553237)

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 Board of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by:





P C Forfar - Director


INTERIOR LAB LTD (REGISTERED NUMBER: 08553237)

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

1. STATUTORY INFORMATION

Interior Lab Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated losses.

Marketing and Corporate Image is amortised over its useful life of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Financial instruments
Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any trade discount offered. prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash on deposit or in a current account.

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of economic benefits to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Taxation
Deferred tax is recognised in respect of all timing differences at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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.

Deferred tax shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to a deferred tax asset or liability.

Deferred tax
Deferred tax is recognised in respect of all timing differences at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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.

Deferred tax shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to an deferred tax asset or liability.

INTERIOR LAB LTD (REGISTERED NUMBER: 08553237)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 17 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 42,745
AMORTISATION
At 1 October 2023 25,647
Charge for year 8,549
At 30 September 2024 34,196
NET BOOK VALUE
At 30 September 2024 8,549
At 30 September 2023 17,098

INTERIOR LAB LTD (REGISTERED NUMBER: 08553237)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 163,818 59,477 185,310 64,462 473,067
Additions - 9,484 - 5,751 15,235
Disposals - - (6,422 ) - (6,422 )
At 30 September 2024 163,818 68,961 178,888 70,213 481,880
DEPRECIATION
At 1 October 2023 49,123 45,767 75,008 51,310 221,208
Charge for year 10,922 7,194 22,459 10,672 51,247
Eliminated on disposal - - (4,296 ) - (4,296 )
At 30 September 2024 60,045 52,961 93,171 61,982 268,159
NET BOOK VALUE
At 30 September 2024 103,773 16,000 85,717 8,231 213,721
At 30 September 2023 114,695 13,710 110,302 13,152 251,859

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023
and 30 September 2024 93,500
DEPRECIATION
At 1 October 2023 5,465
Charge for year 13,117
At 30 September 2024 18,582
NET BOOK VALUE
At 30 September 2024 74,918
At 30 September 2023 88,035

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 342,865 862,119
Other debtors 508,512 452,234
851,377 1,314,353

INTERIOR LAB LTD (REGISTERED NUMBER: 08553237)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 10,237 9,156
Trade creditors 364,038 794,299
Amounts owed to group undertakings 79,434 80
Taxation and social security 220,298 450,507
Other creditors 1,151,452 636,397
1,825,459 1,890,439

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 60,611 70,847
Other creditors - 48,057
60,611 118,904

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 28,253 36,882

Deferred
tax
£   
Balance at 1 October 2023 36,882
Accelerated allowances (8,629 )
Balance at 30 September 2024 28,253

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
7,500 Ordinary £1 7,500 7,500

11. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments is £61,928 (2023: £35,190).

12. PARENT COMPANY

Interior Lab Group Limited registered in England and Wales.

Registered office address is Unit 3 Viceroy Court, Bedford Road, Petersfield, Hampshire, United Kingdom, GU32 3LJ.