REGISTERED NUMBER: 11320270 (England and Wales)

Financial Statements for the Year Ended 30 April 2025

for

Kevin Payne Interiors Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

Mrs V A Payne

Mr K J Payne

REGISTERED OFFICE:

4 Cromwell Court

New Street

Aylesbury

Buckinghamshire

HP20 2PB

REGISTERED NUMBER:

11320270 (England and Wales)

FIXED ASSETS

Tangible assets

4

45,937

68,380

CURRENT ASSETS

Debtors

5

52,548

32,620

Cash at bank

5,447

8,797

57,995

41,417

CREDITORS

Amounts falling due within one year

6

(59,585

)

(24,824

)

NET CURRENT (LIABILITIES)/ASSETS

(1,590

)

16,593

TOTAL ASSETS LESS CURRENT LIABILITIES

44,347

84,973

CREDITORS

Amounts falling due after more than one year

7

(33,652

)

(48,635

)

PROVISIONS FOR LIABILITIES

(10,413

)

-

NET ASSETS

282

36,338

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

182

36,238

SHAREHOLDERS' FUNDS

282

36,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2026 and were signed on its behalf by:

Mr K J Payne - Director

1.	STATUTORY INFORMATION

Kevin Payne Interiors Ltd 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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Fixed assets

All fixed assets are initially recorded at cost.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2024

92,036

Additions

500

At 30 April 2025

92,536

DEPRECIATION

At 1 May 2024

23,656

Charge for year

22,943

At 30 April 2025

46,599

NET BOOK VALUE

At 30 April 2025

45,937

At 30 April 2024

68,380

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

23,575

25,455

Other debtors

28,973

7,165

52,548

32,620

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

22,456

8,027

Hire purchase contracts

6,896

6,896

Trade creditors

380

323

Taxation and social security

24,485

6,766

Other creditors

5,368

2,812

59,585

24,824

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

487

8,574

Hire purchase contracts

33,165

40,061

33,652

48,635

8.	SECURED DEBTS

Hire purchase contracts are secured on the assets to which they relate.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

£

Mr K J Payne and Mrs V A Payne

Balance outstanding at start of year

(199

)

15,891

Amounts advanced

30,248

78,104

Amounts repaid

(23,120

)

(94,194

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,929

(199

)

No interest is charged on the Directors' loan balance. The amount loaned was fully repaid after the year end.