Company registration number 08393663 (England and Wales)
EBONY & IVORY INTERIORS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
EBONY & IVORY INTERIORS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
EBONY & IVORY INTERIORS LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
30,734
7,688
Current assets
Stocks
50,110
91,687
Debtors
4
351,609
13,358
Cash at bank and in hand
96,975
53,187
498,694
158,232
Creditors: amounts falling due within one year
5
(535,464)
(232,899)
Net current liabilities
(36,770)
(74,667)
Total assets less current liabilities
(6,036)
(66,979)
Creditors: amounts falling due after more than one year
6
(22,769)
-
Net liabilities
(28,805)
(66,979)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(28,806)
(66,980)
Total equity
(28,805)
(66,979)
EBONY & IVORY INTERIORS LTD
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2025
28 February 2025
- 2 -

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 15 October 2025 and are signed on its behalf by:
Mrs V J Weston
Director
Company registration number 08393663 (England and Wales)
EBONY & IVORY INTERIORS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 3 -
1
Accounting policies
Company information

Ebony & Ivory Interiors Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 348 Crofton Road, Locksbottom, Kent, United Kingdom, BR6 8NN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% on cost
Motor vehicles
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

EBONY & IVORY INTERIORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

EBONY & IVORY INTERIORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 5 -
1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
3
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 29 February 2024
44,491
Additions
28,246
At 28 February 2025
72,737
Depreciation and impairment
At 29 February 2024
36,803
Depreciation charged in the year
5,200
At 28 February 2025
42,003
Carrying amount
At 28 February 2025
30,734
At 28 February 2024
7,688
EBONY & IVORY INTERIORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 6 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
343,699
2,718
Other debtors
7,910
10,640
351,609
13,358
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
16,412
25,758
Taxation and social security
65,525
403
Other creditors
453,527
206,738
535,464
232,899
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
22,769
-
0
2025-02-28 2024-02-29 false false false 15 October 2025 CCH Software CCH Accounts Production 2025.100 No description of principal activity Mrs Victoria Joan Weston Mr Grant Nicholas Weston 08393663 2024-02-29 2025-02-28 08393663 2025-02-28 08393663 2024-02-28 08393663 core:OtherPropertyPlantEquipment 2025-02-28 08393663 core:OtherPropertyPlantEquipment 2024-02-28 08393663 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 08393663 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-28 08393663 core:ShareCapital 2025-02-28 08393663 core:ShareCapital 2024-02-28 08393663 core:RetainedEarningsAccumulatedLosses 2025-02-28 08393663 core:RetainedEarningsAccumulatedLosses 2024-02-28 08393663 bus:Director1 2024-02-29 2025-02-28 08393663 core:PlantMachinery 2024-02-29 2025-02-28 08393663 core:MotorVehicles 2024-02-29 2025-02-28 08393663 2023-03-01 2024-02-28 08393663 core:OtherPropertyPlantEquipment 2024-02-28 08393663 core:OtherPropertyPlantEquipment 2024-02-29 2025-02-28 08393663 core:CurrentFinancialInstruments 2025-02-28 08393663 core:CurrentFinancialInstruments 2024-02-28 08393663 core:WithinOneYear 2025-02-28 08393663 core:WithinOneYear 2024-02-28 08393663 core:Non-currentFinancialInstruments 2025-02-28 08393663 core:Non-currentFinancialInstruments 2024-02-28 08393663 bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 08393663 bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 08393663 bus:FRS102 2024-02-29 2025-02-28 08393663 bus:AuditExemptWithAccountantsReport 2024-02-29 2025-02-28 08393663 bus:Director2 2024-02-29 2025-02-28 08393663 bus:FullAccounts 2024-02-29 2025-02-28 xbrli:pure xbrli:shares iso4217:GBP