REGISTERED NUMBER: 04058093 (England and Wales)

Unaudited Financial Statements

for the Year Ended

28 February 2025

for

Junction 2 Interiors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S S Pnaiser

Mrs S K Pnaiser

P S Pnaiser

SECRETARY:

Mrs S K Pnaiser

REGISTERED OFFICE:

870 Wolverhampton Road

Oldbury

Warley

West Midlands

B69 4RS

REGISTERED NUMBER:

04058093 (England and Wales)

ACCOUNTANTS:

DJH Halesowen Limited

Church Court

Stourbridge Road

Halesowen

West Midlands

B63 3TT

FIXED ASSETS

Tangible assets

4

274,963

304,674

Investments

5

1

1

274,964

304,675

CURRENT ASSETS

Stocks

617,333

677,333

Debtors

6

85,978

33,624

Cash at bank and in hand

2,174,975

1,880,257

2,878,286

2,591,214

CREDITORS

Amounts falling due within one year

7

1,620,258

1,591,045

NET CURRENT ASSETS

1,258,028

1,000,169

TOTAL ASSETS LESS CURRENT LIABILITIES

1,532,992

1,304,844

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,531,992

1,303,844

SHAREHOLDERS' FUNDS

1,532,992

1,304,844

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 Income Statement has not been delivered.

The financial statements were approved and authorised by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:

P S Pnaiser - Director

1.	STATUTORY INFORMATION

Junction 2 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.

Preparation of consolidated financial statements

The financial statements contain information about Junction 2 Interiors Limited 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

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.

Fixtures and fittings -15% on cost

Motor vehicles -20% on cost

Plant and machinery -15% on cost

Depreciation is not charged on improvements to property.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 Income Statement, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 17 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 March 2024

174,026

29,005

95,906

Additions

-

-

-

At 28 February 2025

174,026

29,005

95,906

DEPRECIATION

At 1 March 2024

-

29,005

87,973

Charge for year

-

-

1,190

At 28 February 2025

-

29,005

89,163

NET BOOK VALUE

At 28 February 2025

174,026

-

6,743

At 29 February 2024

174,026

-

7,933

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 March 2024

210,620

-

509,557

Additions

-

5,551

5,551

At 28 February 2025

210,620

5,551

515,108

DEPRECIATION

At 1 March 2024

87,905

-

204,883

Charge for year

33,922

150

35,262

At 28 February 2025

121,827

150

240,145

NET BOOK VALUE

At 28 February 2025

88,793

5,401

274,963

At 29 February 2024

122,715

-

304,674

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 March 2024

and 28 February 2025

1

NET BOOK VALUE

At 28 February 2025

1

At 29 February 2024

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

37,270

-

Other debtors

48,708

33,624

85,978

33,624

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,211,000

1,153,316

Amounts owed to group undertakings

8,379

6,844

Taxation and social security

206,088

232,032

Other creditors

194,791

198,853

1,620,258

1,591,045

8.	RELATED PARTY DISCLOSURES

At the end of the year the amount owed to the directors was £82,434 (2024: £25,817). The business premises used by the company are owned by the directors. Rent amounting to £26,600 (2024: £40,000) was paid to them during the period.