Company Registration No. 07785454 (England and Wales)
Coyle Interiors Limited
Unaudited accounts
for the year ended 31 December 2024
Coyle Interiors Limited
Unaudited accounts
Contents
Coyle Interiors Limited
Company Information
for the year ended 31 December 2024
Directors
James Anthony Coyle
Rachel Coyle
Company Number
07785454 (England and Wales)
Registered Office
First Floor, Stonecrop
Skull House Lane
Appley Bridge
Wigan
WN6 9DR
Accountants
FAO Accountancy Services Ltd
101 Melrose Drive
Wigan
WN3 6EG
Coyle Interiors Limited
Statement of financial position
as at 31 December 2024
Tangible assets
21,708
78,279
Inventories
1,615,187
711,603
Debtors
2,516,940
1,784,119
Cash at bank and in hand
294,216
33,192
Creditors: amounts falling due within one year
(3,852,074)
(2,184,066)
Net current assets
574,269
344,848
Total assets less current liabilities
595,977
423,127
Creditors: amounts falling due after more than one year
(4,162)
(14,165)
Net assets
591,815
408,962
Called up share capital
4
4
Profit and loss account
591,811
408,958
Shareholders' funds
591,815
408,962
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2025 and were signed on its behalf by
James Anthony Coyle
Director
Company Registration No. 07785454
Coyle Interiors Limited
Notes to the Accounts
for the year ended 31 December 2024
Coyle Interiors Limited is a private company, limited by shares, registered in England and Wales, registration number 07785454. The registered office is First Floor, Stonecrop, Skull House Lane, Appley Bridge, Wigan, WN6 9DR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Coyle Interiors Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
110,491
17,916
2,280
130,687
Disposals
(66,624)
-
-
(66,624)
At 31 December 2024
43,867
17,916
2,913
64,696
At 1 January 2024
41,939
9,899
570
52,408
Charge for the year
4,646
2,004
586
7,236
On disposals
(16,656)
-
-
(16,656)
At 31 December 2024
29,929
11,903
1,156
42,988
At 31 December 2024
13,938
6,013
1,757
21,708
At 31 December 2023
68,552
8,017
1,710
78,279
Amounts falling due within one year
Trade debtors
2,069,530
1,631,554
Amounts due from group undertakings etc.
418,323
124,000
Accrued income and prepayments
16,123
14,661
Other debtors
12,964
13,904
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
437,844
762,659
Trade creditors
2,209,635
725,783
Taxes and social security
1,164,099
659,609
Other creditors
8,910
6,682
Loans from directors
284
229
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 19 (2023: 16).