REGISTERED NUMBER: 05647249 (England and Wales)

ROMA INTERIORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Hallam

Mrs M A Hallam

SECRETARY:

Mrs M A Hallam

REGISTERED OFFICE:

52 Park Avenue

Broadstairs

Kent

CT10 2EY

REGISTERED NUMBER:

05647249 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

Chartered Certified Accountants

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

FIXED ASSETS

Tangible assets

4

101,361

59,578

CURRENT ASSETS

Stocks

363,576

350,705

Debtors

5

318,557

584,040

Cash at bank and in hand

348,550

384,437

1,030,683

1,319,182

CREDITORS

Amounts falling due within one year

6

(569,851

)

(754,009

)

NET CURRENT ASSETS

460,832

565,173

TOTAL ASSETS LESS CURRENT LIABILITIES

562,193

624,751

PROVISIONS FOR LIABILITIES

-

(6,566

)

NET ASSETS

562,193

618,185

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

552,193

608,185

SHAREHOLDERS' FUNDS

562,193

618,185

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 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:

G Hallam - Director

1.	STATUTORY INFORMATION

Roma Interiors 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 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.

Showroom

-

10% on cost

Plant and machinery

-

20% on cost

Fixture and fittings

-

25% on cost

Motor vehicles

-

25% 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 balance sheet date.

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

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.

Rentals paid under operating leases are charged to profit or loss 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixture

Plant and

and

Motor

Showroom

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

67,176

15,475

29,518

52,498

164,667

Additions

48,631

8,868

9,026

-

66,525

Disposals

(7,810

)

-

-

-

(7,810

)

At 31 December 2024

107,997

24,343

38,544

52,498

223,382

DEPRECIATION

At 1 January 2024

35,195

5,328

20,880

43,686

105,089

Charge for year

11,581

4,340

6,618

2,203

24,742

Eliminated on disposal

(7,810

)

-

-

-

(7,810

)

At 31 December 2024

38,966

9,668

27,498

45,889

122,021

NET BOOK VALUE

At 31 December 2024

69,031

14,675

11,046

6,609

101,361

At 31 December 2023

31,981

10,147

8,638

8,812

59,578

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

290,459

518,057

Other debtors

28,098

65,983

318,557

584,040

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Payments on account

100,352

94,584

Trade creditors

328,205

420,775

Amounts owed to group undertakings

68,928

93,070

Taxation and social security

25,540

46,393

Other creditors

46,826

99,187

569,851

754,009

7.	RELATED PARTY DISCLOSURES

8.

LEASES

The company is occupying premises on leases as follows:

From 7 November 2022 at a rent of £21,000 per annum

From 3 April 2025 at a rent of £32,000 per annum

The the company is also occupying premises which are not on a formal lease at a rent of £14,000 per annum.