CREATIVE_INTERIORS_LIMITED_31_Mar_2025_companies_house_set_of

Creative Interiors Limited

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Creative Interiors Limited

Year ended

31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the

financial statements

Creative Interiors Limited

for the year ended

31 March 2025

which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of

Creative Interiors Limited

, as a body, in accordance with the terms of my engagement letter dated 16 May 2025. My work has been undertaken solely to prepare for your approval the

financial statements

Creative Interiors Limited

and state those matters that I have agreed to state to the Board of Directors of

Creative Interiors Limited

, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than

Creative Interiors Limited

and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that

Creative 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

Creative Interiors Limited

. You consider that

Creative Interiors Limited

is exempt from the statutory audit requirement for the year.

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

West Bridgford Accountancy Limited

43 Edward Road

West Bridgford

Nottingham

Nottinghamshire

NG2 5GE

United Kingdom

Date:

18 August 2025

Creative Interiors Limited

Statement of Financial Position

31 March 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	5	88,114		46,874
Current assets
Stocks		54,375		78,425
Debtors	6	482,324		433,218
Cash at bank and in hand		15,852		16,990
		552,551		528,633
Creditors: amounts falling due within one year	7	(288,729	)	(253,214	)
Net current assets		263,822		275,419
Total assets less current liabilities		351,936		322,293
Creditors: amounts falling due after more than one year	8	(109,391	)	(137,507	)
Provisions for liabilities		(22,029	)	(11,688	)
Net assets		220,516		173,098
Capital and reserves
Called up share capital		7,500		7,500
Other reserves		2,500		2,500
Profit and loss account		210,516		163,098
Shareholders funds		220,516		173,098

For the year ending

31 March 2025

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

18 August 2025

, and are signed on behalf of the board by:



S Bennett	J Lyon
Director	Director

Company registration number:

04062899

Creative Interiors Limited

Notes to the Financial Statements

Year ended

31 March 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

39 Duffield Road

Derby

Derbyshire

DE1 3BH

, .

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland' and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Land and buildings	Over the lease term
Plant and machinery	10% straight line
Motor vehicles	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Basic financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price. Any losses arising from impairment are recognised in the profit or loss.

Basic financial liabilities

Loans and borrowings are intitially recognised at the transaction price including transaction costs.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

5 Tangible assets

	Land and buildings	Plant and machinery etc.	Total
	£	£	£
Cost
At 1 April 2024	83,927	131,459	215,386
Additions	-	56,144	56,144
At 31 March 2025	83,927	187,603	271,530
Depreciation
At 1 April 2024	79,924	88,588	168,512
Charge	919	13,985	14,904
At 31 March 2025	80,843	102,573	183,416
Carrying amount
At 31 March 2025	3,084	85,030	88,114
At 31 March 2024	4,003	42,871	46,874

6 Debtors

	2025	2024
	£	£
Trade debtors	27,773	3
Amounts owed by group undertakings and undertakings in which the company has a participating interest	416,158	387,210
Other debtors	38,393	46,005
	482,324	433,218

7 Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	44,234	19,596
Trade creditors	104,465	117,626
Taxation and social security	31,698	6,963
Other creditors	108,332	109,029
	288,729	253,214

8 Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	49,239	114,005
Other creditors	60,152	23,502
	109,391	137,507