Interior Projects (Southern) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02532025 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

INTERIOR PROJECTS (SOUTHERN) LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

1

Tangible assets

5

2,478

16,471

2,479

16,472

CURRENT ASSETS

Stocks

6

-

850

Debtors

7

37,588

24,579

Cash at bank

17,703

7,033

55,291

32,462

CREDITORS

Amounts falling due within one year

8

42,248

19,192

NET CURRENT ASSETS

13,043

13,270

TOTAL ASSETS LESS CURRENT
LIABILITIES

15,522

29,742

PROVISIONS FOR LIABILITIES

9

619

4,118

NET ASSETS

14,903

25,624

CAPITAL AND RESERVES

Called up share capital

10

500

Retained earnings

14,403

25,124

SHAREHOLDERS' FUNDS

14,903

25,624

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18 May 2026 and were signed by:

Mr C Storer - Director

1.	STATUTORY INFORMATION

Interior Projects (Southern) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02532025

Registered office:

Unit 1 Burstow Park Business Centre

Antlands Lane

Horley

Surrey

RH6 9TF

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 represents net invoiced sales of goods excluding value added tax.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 1990, is being amortised evenly over its estimated useful life of five years.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 December 2024

and 30 November 2025

3,400

Amortisation

At 1 December 2024

and 30 November 2025

3,399

Net book value

At 30 November 2025

1

At 30 November 2024

1

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

Cost

At 1 December 2024

1,705

8,458

48,966

141

59,270

Additions

250

-

250

Disposals

-

(32,471

)

-

(32,471

)

At 30 November 2025

1,955

8,458

16,495

141

27,049

Depreciation

At 1 December 2024

1,085

8,350

33,313

51

42,799

Charge for year

115

16

524

30

685

Eliminated on disposal

-

(18,913

)

-

(18,913

)

At 30 November 2025

1,200

8,366

14,924

81

24,571

Net book value

At 30 November 2025

755

92

1,571

60

2,478

At 30 November 2024

620

108

15,653

90

16,471

6.

STOCKS

2025

2024

£

Finished goods

-

850

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

36,538

23,026

Other debtors

1,050

1,553

37,588

24,579

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

13,748

659

Taxation and social security

4,522

67

Other creditors

23,978

18,466

42,248

19,192

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

619

4,118

Deferred

tax

£

Balance at 1 December 2024

4,118

provision for the year

Balance at 30 November 2025

4,118

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

400

Ordinary

£1

400

50

Ordinary A

£1

50

Ordinary A

£1

50

500