Interface Devices Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01825474 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

INTERFACE DEVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I R Casselden

M Love

Mrs H O'Shaughnessy

SECRETARY:

Mrs H O'Shaughnessy

REGISTERED OFFICE:

Unit 4

Brunel Road

Churchfields Industrial Estate

St. Leonards On Sea

East Sussex

TN38 9RT

REGISTERED NUMBER:

01825474 (England and Wales)

ACCOUNTANTS:

Xeinadin

2 Upperton Gardens

Eastbourne

East Sussex

BN21 2AH

FIXED ASSETS

Intangible assets

3

-

Property, plant and equipment

4

4,623

6,067

Investments

5

1

79,229

4,624

85,296

CURRENT ASSETS

Debtors

6

1,276,044

1,077,486

Cash at bank and in hand

47,529

214,445

1,323,573

1,291,931

CREDITORS

Amounts falling due within one year

7

39,671

57,360

NET CURRENT ASSETS

1,283,902

1,234,571

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,288,526

1,319,867

CREDITORS

Amounts falling due after more than one
year

8

4,564

14,961

NET ASSETS

1,283,962

1,304,906

CAPITAL AND RESERVES

Called up share capital

24,742

Share premium

9,000

Capital redemption reserve

104,000

Retained earnings

1,146,220

1,167,164

SHAREHOLDERS' FUNDS

1,283,962

1,304,906

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 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 19 September 2025 and were signed on its behalf by:

I R Casselden - Director

M Love - Director

1.	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.

Preparation of consolidated financial statements

The financial statements contain information about Interface Devices Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Over the term of the lease

Plant and machinery

-

25% on cost and 20% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on cost

Computer equipment

-

Straight line over 3 years

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.

Deferred tax

Deferred tax is not recognised in respect of timing differences that have originated but not reversed at the balance sheet date. The directors accept that this accounting treatment does not comply with Financial Reporting Standard 102 but conclude that the financial statements give a true and fair view of the company's financial position and performance.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 10 ) .

3.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 March 2024

and 28 February 2025

59,785

AMORTISATION

At 1 March 2024

and 28 February 2025

59,785

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

-

4.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

COST

At 1 March 2024

22,545

114,086

111,376

Additions

-

Disposals

-

At 28 February 2025

22,545

114,086

111,376

DEPRECIATION

At 1 March 2024

22,545

114,086

110,159

Charge for year

-

243

Eliminated on disposal

-

At 28 February 2025

22,545

114,086

110,402

NET BOOK VALUE

At 28 February 2025

-

974

At 29 February 2024

-

1,217

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 March 2024

360

164,793

413,160

Additions

-

2,166

Disposals

-

(417

)

(417

)

At 28 February 2025

360

166,542

414,909

DEPRECIATION

At 1 March 2024

360

159,943

407,093

Charge for year

-

2,961

3,204

Eliminated on disposal

-

(11

)

(11

)

At 28 February 2025

360

162,893

410,286

NET BOOK VALUE

At 28 February 2025

-

3,649

4,623

At 29 February 2024

-

4,850

6,067

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 March 2024

79,980

Impairments

(79,979

)

At 28 February 2025

1

PROVISIONS

At 1 March 2024

751

Impairments

(751

)

At 28 February 2025

-

NET BOOK VALUE

At 28 February 2025

1

At 29 February 2024

79,229

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

588,532

435,304

Other debtors

5,036

5,078

Amounts owed by related undertakings

636,695

584,336

Directors' loan accounts

41,445

-

VAT

-

47,515

Prepayments and accrued income

4,336

5,253

1,276,044

1,077,486

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

10,249

9,991

Pension Fund loan

738

Trade creditors

1,364

6,694

Social security and other taxes

8,435

9,918

VAT

9,098

-

Other creditors

4,789

8,164

Amounts due to related undertakings

548

Directors' loan accounts

-

18,157

Accrued expenses

4,450

3,150

39,671

57,360

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

4,564

14,961

9.	FIXED AND FLOATING CHARGE

There is a fixed and floating charge over the assets of the company dated 19 January 2010, in favour of HSBC Bank PLC.