Company registration number 04058093 (England and Wales)
Junction 2 Interiors Limited
Unaudited Financial Statements
For the year ended 28 February 2026
Junction 2 Interiors Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
Junction 2 Interiors Limited
Statement Of Financial Position
As at 28 February 2026
28 February 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
254,033
274,963
Investments
4
1
1
254,034
274,964
Current assets
Stocks
602,479
617,333
Debtors
5
61,653
85,978
Cash at bank and in hand
2,471,865
2,174,975
3,135,997
2,878,286
Creditors: amounts falling due within one year
6
(1,700,635)
(1,620,258)
Net current assets
1,435,362
1,258,028
Net assets
1,689,396
1,532,992
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
1,688,396
1,531,992
Total equity
1,689,396
1,532,992

For the financial year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 6 August 2026 and are signed on its behalf by:
Mr P S Pnaiser
Director
Company registration number 04058093 (England and Wales)
Junction 2 Interiors Limited
Notes to the financial statements
For the year ended 28 February 2026
- 2 -
1
Accounting policies
Company information

Junction 2 Interiors Limited is a private company limited by shares incorporated in England and Wales. The registered office is 870 Wolverhampton Road, Oldbury, Warley, West Midlands, United Kingdom, B69 4RS.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Depreciation is not charged on improvements to property
Plant and equipment
15% on cost
Fixtures and fittings
15% on cost
Computer equipment
15% on cost
Motor vehicles
20% on cost

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.

1.4
Fixed asset investments

Investments in subsidiary undertakings are recognised at cost.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

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.

Junction 2 Interiors Limited
Notes to the financial statements (continued)
For the year ended 28 February 2026
1
Accounting policies
(Continued)
- 3 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
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.

1.8
Foreign exchange

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
18
17
Junction 2 Interiors Limited
Notes to the financial statements (continued)
For the year ended 28 February 2026
- 4 -
3
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 March 2025
174,026
29,005
95,906
5,551
210,620
515,108
Additions
-
0
-
0
7,945
8,522
-
0
16,467
At 28 February 2026
174,026
29,005
103,851
14,073
210,620
531,575
Depreciation and impairment
At 1 March 2025
-
0
29,005
89,163
150
121,827
240,145
Depreciation charged in the year
-
0
-
0
1,984
1,491
33,922
37,397
At 28 February 2026
-
0
29,005
91,147
1,641
155,749
277,542
Carrying amount
At 28 February 2026
174,026
-
0
12,704
12,432
54,871
254,033
At 28 February 2025
174,026
-
0
6,743
5,401
88,793
274,963
4
Fixed asset investments
2026
2025
£
£
Shares in group undertakings and participating interests
1
1
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
3,292
37,270
Other debtors
58,361
48,708
61,653
85,978
Junction 2 Interiors Limited
Notes to the financial statements (continued)
For the year ended 28 February 2026
- 5 -
6
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
1,207,827
1,211,000
Amounts owed to group undertakings
19,895
8,379
Corporation tax
67,668
98,536
Other taxation and social security
83,235
107,552
Other creditors
322,010
194,791
1,700,635
1,620,258
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