Company No: 07107564 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Financial Statements

DIRECTORS	A Hardy (Resigned 30 June 2025)
	A Krause (Appointed 30 June 2025)
	J W Parker (Resigned 30 June 2025)
	R Wilkins (Appointed 30 June 2025)

REGISTERED OFFICE	27 Portland Street
	Newark
	Nottingham
	NG24 4XF
	United Kingdom

COMPANY NUMBER

07107564 (England and Wales)

ACCOUNTANT	Duncan & Toplis Limited
	14 London Road
	Newark
	NG24 1TW

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	12,268		16,628
		12,268		16,628
Current assets
Stocks		65,192		117,053
Debtors	4	436,959		172,496
Cash at bank and in hand		154,631		319,512
		656,782		609,061
Creditors: amounts falling due within one year	5	( 263,155)		( 136,945)
Net current assets		393,627		472,116
Total assets less current liabilities		405,895		488,744
Provision for liabilities		( 2,724)		( 3,738)
Net assets		403,171		485,006
Capital and reserves
Called-up share capital	6	100		100
Profit and loss account		403,071		484,906
Total shareholder's funds		403,171		485,006

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Utopia Interiors (Newark) Limited (registered number: 07107564) were approved and authorised for issue by the Board of Directors on 21 April 2026. They were signed on its behalf by:

A Krause Director

R Wilkins Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Utopia Interiors (Newark) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 27 Portland Street, Newark, Nottingham, NG24 4XF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.	7 years straight line
	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	9		9

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2025	114,086		114,086
At 31 December 2025	114,086		114,086
Accumulated depreciation
At 01 January 2025	97,458		97,458
Charge for the financial year	4,360		4,360
At 31 December 2025	101,818		101,818
Net book value
At 31 December 2025	12,268		12,268
At 31 December 2024	16,628		16,628

4. Debtors

	2025		2024
	£		£
Trade debtors	44,397		54,294
Amounts owed by Group undertakings	373,989		0
Other debtors	18,573		118,202
	436,959		172,496

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	39,049		68,340
Amounts owed to directors	25,000		0
Accruals and deferred income	147,603		2,888
Taxation and social security	50,714		64,993
Other creditors	789		724
	263,155		136,945

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
35 A ordinary shares of £ 1.00 each	35		35
65 B ordinary shares of £ 1.00 each	65		65
	100		100

7. Financial commitments

Commitments

	2025		2024
	£		£
Total future minimum lease payments under non-cancellable operating leases	35,000		63,000