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REGISTERED NUMBER: 02532025 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

INTERIOR PROJECTS (SOUTHERN) LIMITED

INTERIOR PROJECTS (SOUTHERN) LIMITED (REGISTERED NUMBER: 02532025)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


INTERIOR PROJECTS (SOUTHERN) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: Mr C Storer





REGISTERED OFFICE: Unit 1 Burstow Park Business Centre
Antlands Lane
Horley
Surrey
RH6 9TF





REGISTERED NUMBER: 02532025 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

INTERIOR PROJECTS (SOUTHERN) LIMITED (REGISTERED NUMBER: 02532025)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 16,471 21,225
16,472 21,226

CURRENT ASSETS
Stocks 6 850 875
Debtors 7 24,579 32,831
Cash at bank 7,033 38,162
32,462 71,868
CREDITORS
Amounts falling due within one year 8 19,192 42,473
NET CURRENT ASSETS 13,270 29,395
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,742

50,621

PROVISIONS FOR LIABILITIES 9 4,118 5,306
NET ASSETS 25,624 45,315

CAPITAL AND RESERVES
Called up share capital 10 500 500
Retained earnings 25,124 44,815
SHAREHOLDERS' FUNDS 25,624 45,315

INTERIOR PROJECTS (SOUTHERN) LIMITED (REGISTERED NUMBER: 02532025)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 director and authorised for issue on 11 August 2025 and were signed by:





Mr C Storer - Director


INTERIOR PROJECTS (SOUTHERN) LIMITED (REGISTERED NUMBER: 02532025)

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


1. STATUTORY INFORMATION

Interior Projects (Southern) 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 represents net invoiced sales of goods excluding value added tax.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 1990, is being amortised evenly over its estimated useful life of five years.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

INTERIOR PROJECTS (SOUTHERN) LIMITED (REGISTERED NUMBER: 02532025)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 December 2023
and 30 November 2024 3,400
Amortisation
At 1 December 2023
and 30 November 2024 3,399
Net book value
At 30 November 2024 1
At 30 November 2023 1

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 December 2023 1,124 8,458 48,966 141 58,689
Additions 581 - - - 581
At 30 November 2024 1,705 8,458 48,966 141 59,270
Depreciation
At 1 December 2023 1,030 8,331 28,096 7 37,464
Charge for year 55 19 5,217 44 5,335
At 30 November 2024 1,085 8,350 33,313 51 42,799
Net book value
At 30 November 2024 620 108 15,653 90 16,471
At 30 November 2023 94 127 20,870 134 21,225

6. STOCKS
2024 2023
£    £   
Finished goods 850 875

INTERIOR PROJECTS (SOUTHERN) LIMITED (REGISTERED NUMBER: 02532025)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,026 31,560
Other debtors 1,553 1,271
24,579 32,831

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 659 644
Taxation and social security 67 19,426
Other creditors 18,466 22,403
19,192 42,473

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,118 5,306

Deferred
tax
£   
Balance at 1 December 2023 5,306
Provided during year (1,188 )
provision for the year
Balance at 30 November 2024 4,118

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
400 Ordinary £1 400 400
50 Ordinary A £1 50 50
50 Ordinary A £1 50 50
500 500