PLATINUM INTERIORS ESSEX LIMITED


Director	ROBERTS, Daniel Gary


Company Secretary	ROBERTS, Daniel Gary


Registered Address	Kenil, Kenilworth Grove
	Thorpe-Le-Soken
	Clacton-On-Sea
	CO16 0LX


Registered Number	10167405 (England and Wales)

Balance Sheet as at
31 May 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		14,660		17,547
			14,660		17,547
Current assets
Stocks	4	400		500
Debtors		32,660		26,878
Cash at bank and on hand		7,896		3,828
		40,956		31,206
Creditors amounts falling due within one year	5	(42,719)		(31,967)
Net current assets (liabilities)			(1,763)		(761)
Total assets less current liabilities			12,897		16,786
Creditors amounts falling due after one year	6		(10,034)		(13,451)
Provisions for liabilities	8		(2,785)		(3,334)
Net assets			78		1
Capital and reserves
Called up share capital			1		1
Profit and loss account			77		-
Shareholders' funds			78		1

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 5 November 2025, and are signed on its behalf by:

ROBERTS, Daniel Gary
Director
Registered Company No. 10167405

PLATINUM INTERIORS ESSEX LIMITED

Notes to the Financial Statements
for the year ended 31 May 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25
	Vehicles	25

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Total
	£	£	£
Cost or valuation
At 01 June 24	2,349	30,950	33,299
Additions	-	2,000	2,000
At 31 May 25	2,349	32,950	35,299
Depreciation and impairment
At 01 June 24	1,723	14,029	15,752
Charge for year	157	4,730	4,887
At 31 May 25	1,880	18,759	20,639
Net book value
At 31 May 25	469	14,191	14,660
At 31 May 24	626	16,921	17,547

4.	Stocks

	2025	2024
	£	£
Other stocks	400	500
Total	400	500

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	15,058	11,767
Bank borrowings and overdrafts	325	2,955
Taxation and social security	8,797	6,277
Finance lease and HP contracts	3,417	3,417
Other creditors	15,122	7,551
Total	42,719	31,967


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	10,034	13,451
Total	10,034	13,451

7.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	13,451		16,868

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	2,785	3,334
Total	2,785	3,334

9.	Directors advances, credits and guarantees
	Included within other creditors are amounts owed by the director of £7880 (2024 -£7,297) No interest has been charged during the year.