REGISTERED NUMBER: 13833647 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2025

for

Interior Needs Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Court

A Court

Ms R Young

REGISTERED OFFICE:

Goodridge Court

Goodridge Avenue

Gloucester

United Kingdom

GL2 5EN

REGISTERED NUMBER:

13833647 (England and Wales)

ACCOUNTANTS:

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

FIXED ASSETS

Intangible assets

4

8,800

13,600

Tangible assets

5

10,262

6,718

19,062

20,318

CURRENT ASSETS

Stocks

20,000

20,000

Debtors

6

125,721

87,256

Cash at bank and in hand

1,329

20

147,050

107,276

CREDITORS

Amounts falling due within one year

7

113,610

127,116

NET CURRENT ASSETS/(LIABILITIES)

33,440

(19,840

)

TOTAL ASSETS LESS CURRENT LIABILITIES

52,502

478

CREDITORS

Amounts falling due after more than one year

8

59,433

-

NET (LIABILITIES)/ASSETS

(6,931

)

478

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

(7,231

)

178

(6,931

)

478

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

Mrs J Court - Director

1.	STATUTORY INFORMATION

Interior Needs 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

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.

Hire purchase and leasing commitments

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 8 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

24,000

AMORTISATION

At 1 April 2024

10,400

Charge for year

4,800

At 31 March 2025

15,200

NET BOOK VALUE

At 31 March 2025

8,800

At 31 March 2024

13,600

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

12,983

Additions

15,833

Disposals

(11,861

)

At 31 March 2025

16,955

DEPRECIATION

At 1 April 2024

6,265

Charge for year

3,686

Eliminated on disposal

(3,258

)

At 31 March 2025

6,693

NET BOOK VALUE

At 31 March 2025

10,262

At 31 March 2024

6,718

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

26,057

29,706

Other debtors

99,664

57,550

125,721

87,256

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

27,918

45,582

Trade creditors

50,051

44,382

Taxation and social security

15,718

19,593

Other creditors

19,923

17,559

113,610

127,116

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

59,433

-

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Balances due from the directors totalled £94,809 as at 31 March 2025 (2024:£51,215 ). This was the maximum balance in the year.