REGISTERED NUMBER: 05468342 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Howson Interiors Limited

T/A

Lakeland Kitchens

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I Bainbridge

M Hudson

SECRETARY:

M Hudson

REGISTERED OFFICE:

14 Wainwrights Yard

Kendal

Cumbria

LA9 4DP

REGISTERED NUMBER:

05468342 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

16,658

25,051

16,658

25,051

CURRENT ASSETS

Cash in hand

-

1

CREDITORS

Amounts falling due within one year

6

63,628

64,298

NET CURRENT LIABILITIES

(63,628

)

(64,297

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(46,970

)

(39,246

)

CREDITORS

Amounts falling due after more than one year

7

20,395

25,038

NET LIABILITIES

(67,365

)

(64,284

)

CAPITAL AND RESERVES

Called up share capital

1,500

1,500

Share premium

26,500

26,500

Retained earnings

(95,365

)

(92,284

)

(67,365

)

(64,284

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 27 September 2025 and were signed on its behalf by:

I Bainbridge - Director

1.	STATUTORY INFORMATION

Howson 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.

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 2005, is being amortised evenly over its estimated useful life of twenty 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.

Website is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Short leasehold

-

15% on cost

Computer equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

Website

Totals

£

£

£

COST

At 1 June 2024

and 31 May 2025

21,000

2,684

23,684

AMORTISATION

At 1 June 2024

and 31 May 2025

21,000

2,684

23,684

NET BOOK VALUE

At 31 May 2025

-

-

-

At 31 May 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Short

Computer

leasehold

equipment

Totals

£

£

£

COST

At 1 June 2024

and 31 May 2025

55,954

8,992

64,946

DEPRECIATION

At 1 June 2024

30,903

8,992

39,895

Charge for year

8,393

-

8,393

At 31 May 2025

39,296

8,992

48,288

NET BOOK VALUE

At 31 May 2025

16,658

-

16,658

At 31 May 2024

25,051

-

25,051

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

11,060

10,315

Trade creditors

(1

)

4,568

Amounts owed to associates

22,149

16,011

Tax

30,420

29,174

Social security and other taxes

-

2,073

VAT

-

2,096

Accruals and deferred income

-

61

63,628

64,298

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

4,550

4,550

Bank loans - 2-5 years

13,650

13,650

Bank loans more 5 yr by instal

2,195

6,838

20,395

25,038

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,195

6,838