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REGISTERED NUMBER: 08746638 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

I-BOS Interiors Ltd.

I-BOS Interiors Ltd. (Registered number: 08746638)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


I-BOS Interiors Ltd.

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr K L Pearson
Mrs V L Pearson





REGISTERED OFFICE: 6 Church Drive
Hoylandswaine
Sheffield
South Yorkshire
S36 7LZ





REGISTERED NUMBER: 08746638 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

I-BOS Interiors Ltd. (Registered number: 08746638)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 146,021 111,998

CURRENT ASSETS
Stocks 45,920 58,453
Debtors 6 361,437 117,681
Cash at bank 22,520 123,740
429,877 299,874
CREDITORS
Amounts falling due within one year 7 190,840 140,767
NET CURRENT ASSETS 239,037 159,107
TOTAL ASSETS LESS CURRENT
LIABILITIES

385,058

271,105

CREDITORS
Amounts falling due after more than one
year

8

(74,917

)

(66,187

)

PROVISIONS FOR LIABILITIES (36,505 ) (28,000 )
NET ASSETS 273,636 176,918

CAPITAL AND RESERVES
Called up share capital 10 120 120
Share premium 27,650 27,650
Retained earnings 245,866 149,148
SHAREHOLDERS' FUNDS 273,636 176,918

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 October 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.

I-BOS Interiors Ltd. (Registered number: 08746638)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 June 2025 and were signed on its behalf by:





Mrs V L Pearson - Director


I-BOS Interiors Ltd. (Registered number: 08746638)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

I-BOS Interiors 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

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

Equity-settled arrangements are measured at fair value at the date of the grant issue. The fair value is expensed in the year in which it is incurred.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost straight line

All fixed assets are initially recorded at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


I-BOS Interiors Ltd. (Registered number: 08746638)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

3. 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
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 9 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 243,151
Additions 85,283
Disposals (32,000 )
At 31 October 2024 296,434
DEPRECIATION
At 1 November 2023 131,153
Charge for year 41,135
Eliminated on disposal (21,875 )
At 31 October 2024 150,413
NET BOOK VALUE
At 31 October 2024 146,021
At 31 October 2023 111,998

I-BOS Interiors Ltd. (Registered number: 08746638)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 307,985 85,116
Other debtors 53,452 32,565
361,437 117,681

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,000 14,000
Hire purchase contracts 30,874 16,765
Trade creditors 73,054 34,650
Taxation and social security 70,891 72,964
Other creditors 2,021 2,388
190,840 140,767

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,000 18,000
Hire purchase contracts 70,917 48,187
74,917 66,187

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 101,791 64,952

10. CALLED UP SHARE CAPITAL

Allotted and issued:



Allotted Number:


Class:


Nominal Value:
31
October
2022


31
October
2021
£ £
60 A Ordinary shares £1 60 80
60 B Ordinary shares £1 60 40
C Ordinary shares £1 - 80



120 200

I-BOS Interiors Ltd. (Registered number: 08746638)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Mr K L Pearson
Balance outstanding at start of year 9,997 11,254
Amounts advanced 3,854 59,320
Amounts repaid (13,852 ) (60,577 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1 ) 9,997

Mrs V L Pearson
Balance outstanding at start of year 9,997 11,254
Amounts advanced 354 59,824
Amounts repaid (10,352 ) (61,081 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1 ) 9,997

Interest is charged on the overdrawn directors loan balances and the loans are repayable on demand.