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REGISTERED NUMBER: NI037407 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ANNAN INTERIORS LIMITED

ANNAN INTERIORS LIMITED (REGISTERED NUMBER: NI037407)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 7

ANNAN INTERIORS LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2024







DIRECTORS: Mr G Annan
Ms M Murphy



SECRETARY: Mr G Annan



REGISTERED OFFICE: 50 Enniskillen Business Centre
Lackaghboy Road
Enniskillen
Co. Fermanagh
BT74 4RL



REGISTERED NUMBER: NI037407 (Northern Ireland)



ACCOUNTANTS: Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT



BANKERS: Danske Bank
24 Townhall Street
Enniskillen
Co. Fermanagh
BT74 7BB

ANNAN INTERIORS LIMITED (REGISTERED NUMBER: NI037407)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,334 20,009

CURRENT ASSETS
Stocks 5 20,285 31,413
Debtors 6 3,988 13,956
Cash at bank and in hand 109 27,115
24,382 72,484
CREDITORS
Amounts falling due within one year 7 43,493 80,055
NET CURRENT LIABILITIES (19,111 ) (7,571 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

223

12,438

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 123 12,338
SHAREHOLDERS' FUNDS 223 12,438

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

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

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 30 July 2025 and were signed on its behalf by:




Mr G Annan - Director


ANNAN INTERIORS LIMITED (REGISTERED NUMBER: NI037407)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2024


1. STATUTORY INFORMATION

Annan Interiors Limited is a private company, limited by shares , registered in Northern Ireland. 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 the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Fixed assets are initially stated at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost means purchase price including all costs in bringing the goods to their present condition and location.

Net realisable value is based on estimated selling price less any further costs expected to be incurred in the sale and distribution.

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.

Taxation
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.

ANNAN INTERIORS LIMITED (REGISTERED NUMBER: NI037407)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2024 93,495 24,580 118,075
Additions 5,771 - 5,771
At 31 December 2024 99,266 24,580 123,846
DEPRECIATION
At 1 January 2024 91,921 6,145 98,066
Charge for year 1,837 4,609 6,446
At 31 December 2024 93,758 10,754 104,512
NET BOOK VALUE
At 31 December 2024 5,508 13,826 19,334
At 31 December 2023 1,574 18,435 20,009

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024
and 31 December 2024 24,580
DEPRECIATION
At 1 January 2024 6,145
Charge for year 4,609
At 31 December 2024 10,754
NET BOOK VALUE
At 31 December 2024 13,826
At 31 December 2023 18,435

ANNAN INTERIORS LIMITED (REGISTERED NUMBER: NI037407)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024


5. STOCKS
31.12.24 31.12.23
£    £   
Stocks 20,285 31,413

There is no material difference between the replacement cost of stocks and their balance sheet values.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 2,306 2,569
Prepayments 1,682 11,387
3,988 13,956

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts (see note 8) 10,382 14,290
Hire purchase contracts 13,003 16,323
Trade creditors 5,935 33,602
Social security and other taxes 1,062 1,245
VAT 10,369 9,141
Directors' current accounts 103 3,103
Accruals and deferred income 2,639 2,351
43,493 80,055

8. LOANS

An analysis of the maturity of loans is given below:

31.12.24 31.12.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 2,979 1,374
Bank loans 7,403 12,916
10,382 14,290

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 100

ANNAN INTERIORS LIMITED (REGISTERED NUMBER: NI037407)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024


10. RESERVES
Retained
earnings
£   

At 1 January 2024 12,338
Deficit for the year (11,215 )
Dividends (1,000 )
At 31 December 2024 123

11. CONTINGENT LIABILITIES

The directors confirm that no contingent liabilities existed at the year end (2023:£Nil).

12. RELATED PARTY DISCLOSURES

The company is under the control of the director Mr Gordon Annan by virtue of his shareholding in the company which is detailed in the Directors' Report.

The company rented property from Mr Gordon Annan at a commercial rent of £9,720 per annum (2023:£9.720) however this ceased in August 2024.

13. POST BALANCE SHEET EVENTS

There have been no significant events affecting the company since the year end.

ANNAN INTERIORS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
ANNAN INTERIORS LIMITED


The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT


30 July 2025