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Company Registration No. 08075968 (England and Wales)
INTERIORS IDEA LTD Unaudited accounts for the year ended 31 May 2025
INTERIORS IDEA LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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INTERIORS IDEA LTD Company Information for the year ended 31 May 2025
Directors
KANIA, Krzysztof Krzysztof Kania
Company Number
08075968 (England and Wales)
Registered Office
14 JOPLING ROAD BISLEY WOKING GU24 9FN ENGLAND
Accountants
SM Accounts Ltd Unit 47H Passfield Business Centre Lynchborough Road Passfield GU30 7SB
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INTERIORS IDEA LTD Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
41,043
50,846
Current assets
Debtors
5
12,717
5,085
Cash at bank and in hand
29,238
18,004
41,955
23,089
Creditors: amounts falling due within one year
6
(73,298)
28,110
Net current (liabilities)/assets
(31,343)
51,199
Net assets
9,700
102,045
Capital and reserves
Called up share capital
100
100
Profit and loss account
9,600
101,945
Shareholders' funds
9,700
102,045
For the year ending 31 May 2025 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 16 December 2025 and were signed on its behalf by
KANIA, Krzysztof Director Company Registration No. 08075968
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INTERIORS IDEA LTD Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
INTERIORS IDEA LTD is a private company, limited by shares, registered in England and Wales, registration number 08075968. The registered office is 14 JOPLING ROAD, BISLEY, WOKING, GU24 9FN, ENGLAND.
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.
3
Accounting policies
These financial statements for the year ended 31 May 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Pension costs
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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
20% RB
Computer equipment
20% RB
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INTERIORS IDEA LTD Notes to the Accounts for the year ended 31 May 2025
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 June 2024
86,722
7,004
93,726
At 31 May 2025
86,722
7,004
93,726
Depreciation
At 1 June 2024
40,448
2,432
42,880
Charge for the year
9,255
548
9,803
At 31 May 2025
49,703
2,980
52,683
Net book value
At 31 May 2025
37,019
4,024
41,043
At 31 May 2024
46,274
4,572
50,846
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
12,717
3,491
Deferred tax asset
-
826
Other debtors
-
768
12,717
5,085
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,758
20,757
VAT
1,937
2,631
Trade creditors
3,405
288
Taxes and social security
15,668
(63,575)
Loans from directors
4,234
-
Accruals
37,296
11,789
73,298
(28,110)
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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