REGISTERED NUMBER: 02611560 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

THE IN-HOUSE DESIGN COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Knight

Mrs J M Eager

SECRETARY:

Mrs J M Eager

REGISTERED OFFICE:

29 Cornwall Road

Dorchester

Dorset

DT1 1RY

REGISTERED NUMBER:

02611560 (England and Wales)

ACCOUNTANTS:

Fawcetts LLP

Chartered Accountants

Windover House

St Ann Street

Salisbury

SP1 2DR

FIXED ASSETS

Tangible assets

4

-

293,645

CURRENT ASSETS

Stocks

-

458

Debtors

5

7,476

81,324

Cash at bank

26,837

38,184

34,313

119,966

CREDITORS

Amounts falling due within one year

6

37,244

111,622

NET CURRENT (LIABILITIES)/ASSETS

(2,931

)

8,344

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,931

)

301,989

CREDITORS

Amounts falling due after more than one year

7

-

50,917

NET (LIABILITIES)/ASSETS

(2,931

)

251,072

CAPITAL AND RESERVES

Called up share capital

8

5,000

5,000

Retained earnings

(7,931

)

246,072

SHAREHOLDERS' FUNDS

(2,931

)

251,072

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 22 September 2025 and were signed on its behalf by:

Mrs J M Eager - Director

1.	STATUTORY INFORMATION

The In-House Design Company 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.

It is the intention of the directors that the company is to be wound-up in the foreseeable future and therefore these financial statements have not been prepared on a going concern basis. The financial statements are presented in Sterling (£) which is the functional currency of the company.

Turnover

Turnover represents net invoiced sales of goods and services including rentals receivable under operating leases, excluding value added tax.

Rental income from operating leases is recognised on a straight-line basis over the period of the lease.

Tangible fixed assets

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

Furniture leased to clients

-

33% on cost

Furniture, fixtures and equipment

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition.

Assets held for use in operating leases are recorded as fixed assets and depreciated over their useful lives.

Stocks

Stocks of furnishings and accessories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Work in progress is valued at the cost of furnishings and accessories used on contracts.

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.

Debtors

Debtors are measured at their recoverable amount.

Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2024

563,219

Additions

7,762

Disposals

(570,981

)

At 30 June 2025

-

DEPRECIATION

At 1 July 2024

269,574

Charge for year

28,968

Eliminated on disposal

(298,542

)

At 30 June 2025

-

NET BOOK VALUE

At 30 June 2025

-

At 30 June 2024

293,645

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

576

31,535

Other debtors

6,900

49,789

7,476

81,324

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

4,965

Trade creditors

4,122

27,188

Taxation and social security

28,257

43,130

Other creditors

4,865

36,339

37,244

111,622

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

-

50,917

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

5,000

Ordinary

£1

5,000

5,000

9.	RELATED PARTY DISCLOSURES

Creditors due within one year include £624 (2024 - £50,917) which is owed to the directors of the company.