INTERIORS WITH ART LIMITED

	Page
Strategic Report	1—3
Directors' Report	4—5
Independent Auditor's Report	6—8
Income Statement	9
Statement of Comprehensive Income	10
Statement of Financial Position	11
Statement of Changes in Equity	12
Statement of Cash Flows	13
Notes to the Statement of Cash Flows	14
Notes to the Financial Statements	15—21

The directors present their strategic report for the year ended 30 September 2025.

Review of the Business

The Company specializes in high-end design and construction services, catering to discerning clients seeking luxury

residential excellence. This strategic report outlines our current market position, identifies key opportunities and

challenges, and provides actionable recommendations to enhance their competitive advantage and drive sustainable

growth. In the last financial year, the company has seen tremendous growth. In particular, increasing their net profit

margin to 1.7% (2024: 4%)

Industry Overview

The company is experiencing growth, driven by increased demand for bespoke solutions, and a growing appreciation for

high-quality craftsmanship. The global luxury market is projected to expand by 5-7% annually over the next five years.

Target Market

Our primary clients include affluent individuals, high-net-worth families, luxury real estate developers.

Competitive Landscape

The luxury construction market is competitive, with key players offering similar services. However, their commitment to

quality, innovative design, and personalized service differentiates them. Competitors often lack the same level of

attention to detail and customer engagement.

Action Plan

1. Marketing and Branding Strategy

Digital Presence: Invest in a robust digital marketing strategy, including SEO, social media, and targeted online advertising.
Networking Events: Host exclusive events and collaborate with luxury brands to enhance brand visibility.
Client Testimonials: Leverage satisfied clients to share testimonials and case studies.

2. Service Diversification

Sustainability Initiatives: Develop partnerships with eco-friendly material suppliers and promote sustainable design practices.

3. Geographic Expansion

Market Research: Conduct thorough market research to identify key emerging luxury markets.
Local Partnerships: Establish partnerships with local architects and real estate agents to facilitate entry into new markets.

4. Supply Chain Optimization

Supplier Relationships: Strengthen relationships with suppliers to ensure priority access to materials.

5. Financial Projections

Revenue Growth: Target is to increase annual revenue through new client acquisition and exploring new markets.
Cost Management: Aim to reduce operational costs through supply chain optimization and efficiency improvements.

Principal Risks and Uncertainties

1. Competitive Environment

The luxury design and construction industry is characterized by intense competition. To maintain our market position, we must consistently deliver exceptional quality and service while remaining price-competitive. Failure to do so may result in lost opportunities, especially with repeat clients and referrals.

Mitigation Strategies:

...CONTINUED

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INTERIORS WITH ART LIMITED

Strategic Report (continued)

For The Year Ended 30 September 2025

Principal Risks and Uncertainties - continued

Regularly assess competitor offerings and pricing structures.
Enhance customer engagement to ensure loyalty and satisfaction.
Invest in ongoing training and development for staff to uphold quality standards.

2. Cash Management

Providing credit to clients is a common practice within our industry, but it poses risks to cash flow and liquidity. Delayed payments or defaults could significantly affect our operational capabilities and financial stability.

Mitigation Strategies:

Implement stringent credit checks and limit credit exposure to high-risk clients.
Develop clear payment terms and enforce them rigorously.
Monitor cash flow forecasts closely to manage liquidity effectively.

3. Supply Chain Risks

A significant portion of our project delivery depends on external suppliers for materials and services. Disruptions in the supply chain can lead to project delays, increased costs, and diminished client satisfaction.

Mitigation Strategies:

Establish strong relationships with multiple suppliers to diversify sources and reduce dependency.
Conduct regular assessments of supplier performance and financial health.
Maintain an inventory buffer for critical materials to mitigate supply disruptions.

4. Health and Safety Compliance

Health and safety regulations are paramount in the construction industry. Non-compliance not only poses legal risks but can also impact our reputation and employee morale. Any incidents can lead to financial liabilities and project delays.

Mitigation Strategies:

Implement a robust health and safety management system, including regular training and audits.
Foster a safety-first culture among all employees and subcontractors.
Stay updated on regulatory changes and ensure compliance across all projects.

5. Labour Market Challenges

Access to skilled labour is crucial for the timely delivery of projects. The current labour market is competitive, and shortages can hinder our ability to meet project deadlines and maintain quality.

Mitigation Strategies:

Develop a comprehensive recruitment strategy to attract and retain skilled labour.
Offer competitive compensation packages and benefits to enhance employee satisfaction.
Invest in training and development programs to upskill existing employees and fill labour gaps.

The directors are satisfied that the firm is preforming well in each of these key areas and continue to focus the organization in improvements in these areas.

POSITION OF THE COMPANY’S BUSINESS AT YEAR END

The company has a high level of client satisfaction and continues to deliver exceptional projects. The company has net assets of £6.9m (2024: £6.6m) at the balance sheet date.

KEY PERFORMANCE INDICATORS ("KPIS")

The key performance indicator is the net profit margin after tax, which is 1.7%. (2024: 4%) for the year.

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INTERIORS WITH ART LIMITED

Strategic Report (continued)

For The Year Ended 30 September 2025

On behalf of the board

Mr Sanjay Sharma

Director

08/09/2026

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INTERIORS WITH ART LIMITED

Company No. 04511910

Directors' Report For The Year Ended 30 September 2025

Directors' Report

The directors present their report and the financial statements for the year ended 30 September 2025.

Principal Activity

The company's principal activity continues to be that of interior design and construction.

Dividends

The value of dividends paid amounted to £NIL .

The directors recommended a final dividend of £NIL .

Directors

The directors who held office during the year were as follows:

Mr Sanjay Sharma

Mrs Shailja Vohora

Ms Shreya Vohora

CHARITABLE DONATIONS

During the year company made charitable donations of £12,927 (2024: £3,820).

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

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INTERIORS WITH ART LIMITED

Directors' Report (continued)

For The Year Ended 30 September 2025

Independent Auditors

The auditors, Ashford Associates UK Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr Sanjay Sharma

Director

08/09/2026

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Independent Auditor's Report

to the Members of

INTERIORS WITH ART LIMITED

Independent Auditor's Report

Opinion

We have audited the financial statements of INTERIORS WITH ART LIMITED for the year ended 30 September 2025 which comprise the Income Statement, Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 30 September 2025 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

INTERIORS WITH ART LIMITED

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 4—5, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- Enquiry of the director around actual and potential litigation and claims.

- Enquiry of the director and management involved in the accounting and compliance functions to identify any instances of non-compliance with laws and regulations.

- We reviewed financial statement disclosures and tested to supporting documentation to assess compliance with applicable laws and regulations.

- We audited the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of any significant transactions.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

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Independent Auditor's Report (continued)

to the Members of

INTERIORS WITH ART LIMITED

Kunal Vyas (Senior Statutory Auditor)

for and on behalf of Ashford Associates UK Limited , Statutory Auditor

11/09/2026

Ashford Associates UK Limited

Chartered Certified Accountants

& Registered Auditors

74A High Street

London

E11 2RJ

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INTERIORS WITH ART LIMITED

Income Statement

For The Year Ended 30 September 2025

Income Statement

		2025	2024
	Notes	£	£
TURNOVER		16,015,118	18,078,187
Cost of sales		(12,793,952 )	(14,851,345 )

GROSS PROFIT		3,221,166	3,226,842

Administrative expenses		(2,901,325 )	(2,310,056 )

OPERATING PROFIT	3	319,841	916,786
Other interest receivable and similar income	8	65,271	49,227
Interest payable and similar charges	9	(724 )	(4,253 )

PROFIT BEFORE TAXATION		384,388	961,760
Tax on Profit	10	(110,597 )	(247,657 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		273,791	714,103

The notes on pages 14 to 21 form part of these financial statements.

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INTERIORS WITH ART LIMITED

Statement of Comprehensive Income

For The Year Ended 30 September 2025

Statement of Comprehensive Income

	2025	2024
	£	£
PROFIT FOR THE FINANCIAL YEAR	273,791	714,103
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	273,791	714,103

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INTERIORS WITH ART LIMITED

Statement of Financial Position

As At 30 September 2025

Statement of Financial Position

Registered number: 04511910

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	11		103,841		115,544

			103,841		115,544
CURRENT ASSETS
Debtors	12	4,581,653		8,526,302
Cash at bank and in hand		5,182,049		2,786,736

		9,763,702		11,313,038
Creditors: Amounts Falling Due Within One Year	13	(2,683,027 )		(4,519,896 )

NET CURRENT ASSETS (LIABILITIES)			7,080,675		6,793,142

TOTAL ASSETS LESS CURRENT LIABILITIES			7,184,516		6,908,686

Creditors: Amounts Falling Due After More Than One Year	14		(232,178 )		(232,178 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	17		(15,383 )		(13,344 )

NET ASSETS			6,936,955		6,663,164

CAPITAL AND RESERVES
Called up share capital	19		500		500
Income Statement			6,936,455		6,662,664

SHAREHOLDERS' FUNDS			6,936,955		6,663,164

On behalf of the board

Mr Sanjay Sharma

Director

08/09/2026

The notes on pages 14 to 21 form part of these financial statements.

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INTERIORS WITH ART LIMITED

Statement of Changes in Equity

For The Year Ended 30 September 2025

Statement of Changes in Equity

	Share Capital	Income Statement	Total
	£	£	£
As at 1 October 2023	500	5,948,561	5,949,061
Profit for the year and total comprehensive income	-	714,103	714,103

As at 30 September 2024 and 1 October 2024	500	6,662,664	6,663,164


Profit for the year and total comprehensive income	-	273,791	273,791

As at 30 September 2025	500	6,936,455	6,936,955

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INTERIORS WITH ART LIMITED

Statement of Cash Flows

For The Year Ended 30 September 2025

Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	2,128,743	2,020,260
Interest paid		(723 )	(1,137 )
Tax (paid)/refunded		(352,779 )	53,150

Net cash generated from operating activities		1,775,241	2,072,273

Cash flows from investing activities
Purchase of tangible assets		(22,912 )	(16,035 )
Interest received		65,271	49,227

Net cash generated from investing activities		42,359	33,192

Cash flows from financing activities
Repayment of finance leases		(6,765 )	(18,967 )
Amount introduced by directors		584,478	-
Amount withdrawn by directors		-	(157,482)

Net cash generated from/(used in) financing activities		577,713	(176,449 )



Increase in cash and cash equivalents		2,395,313	1,929,016
Cash and cash equivalents at beginning of year	2	2,786,736	857,720

Cash and cash equivalents at end of year	2	5,182,049	2,786,736

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INTERIORS WITH ART LIMITED

Notes to the Statement of Cash Flows

For The Year Ended 30 September 2025

Notes to the Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from operations

	2025	2024
	£	£
Profit for the financial year	273,791	714,103
Adjustments for:
Tax on profit	110,597	247,657
Interest expense	724	1,139
Interest income	(65,271 )	(49,227 )
Depreciation of tangible assets	34,614	38,516
Movements in working capital:
Decrease in trade and other debtors	3,360,171	4,064,297
Decrease in trade and other creditors	(1,585,883 )	(2,996,225 )

Net cash generated from operations	2,128,743	2,020,260

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	5,182,049	2,786,736

3. Analysis of changes in net funds

	As at 1 October 2024	Cash flows	As at 30 September 2025
	£	£	£
Cash at bank and in hand	2,786,736	2,395,313	5,182,049
Finance leases	(6,765)	6,765	-
Debts falling due after more than one year	(232,178)	-	(232,178)

	2,547,793	2,402,078	4,949,871

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INTERIORS WITH ART LIMITED

Notes to the Financial Statements

For The Year Ended 30 September 2025

Notes to the Financial Statements

1. General Information

INTERIORS WITH ART LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 04511910 . The registered office is 84 Drayton Gardens, London, Greater London, SW10 9SD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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

Revenue recognition

Revenue from the interior design and building project is recognised in stages from the commencement of the project to completion based on valuations of work completed and agreed with client / client's surveyors.

Revenue from the sale of design is recognised in different design stages (start of the project, Design Development, FF&E Presentation, Final Delivery to site) and revenue from sale of fixtures and furnishing is recognised once the goods have been delivered and the risks and rewards have been passed to the customer.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	25%
Plant & Machinery	25%
Motor Vehicles	25%
Fixtures & Fittings	25%
Computer Equipment	25%

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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INTERIORS WITH ART LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.7. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Depreciation of tangible fixed assets	34,614	38,516

4. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	8,000	15,000

5. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	1,399,343	1,301,344
Social security costs	168,128	130,633
Other pension costs	312,075	18,935

	1,879,546	1,450,912

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INTERIORS WITH ART LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

6. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Management, production and design	28	33

	28	33

7. Directors' remuneration

	2025	2024
	£	£
Emoluments	210,000	210,000

Information regarding the highest paid director was as follows:

	2025	2024
	£	£
Emoluments	90,000	90,000

8. Interest Receivable and Similar Income

	2025	2024
	£	£
Bank interest receivable	39,327	19,394
Other interest receivable type A	25,944	29,376
Other interest receivable type C	-	457

	65,271	49,227

9. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	540	1,137
Other Interests and Charges	(3,275 )	579
Late payment tax charges	3,459	2,537

	724	4,253

10. Tax on Profit

The tax charge on the profit for the year was as follows:

	2025	2024
	£	£
Current tax
UK Corporation Tax	108,558	251,309
Deferred Tax
Deferred taxation	2,039	(3,652 )


Total tax charge for the period	110,597	247,657

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INTERIORS WITH ART LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:

	2025	2024
	£	£
Profit before tax	384,388	961,760

Tax on profit at 25% (UK standard rate)	96,097	240,440
Goodwill/depreciation not allowed for tax	8,654	9,629
Expenses not deductible for tax purposes	10,286	6,064
Capital allowances	(6,479 )	(4,824 )
Short term timing differences	2,039	(3,652 )

Total tax charge for the period	110,597	247,657

11. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 October 2024	158,553	269,439	39,421	21,010
Additions	-	8,416	-	-

As at 30 September 2025	158,553	277,855	39,421	21,010

Depreciation
As at 1 October 2024	120,313	240,906	23,483	18,116
Provided during the period	9,560	9,237	3,985	724

As at 30 September 2025	129,873	250,143	27,468	18,840

Net Book Value
As at 30 September 2025	28,680	27,712	11,953	2,170

As at 1 October 2024	38,240	28,533	15,938	2,894


	Computer Equipment	Total
	£	£
Cost
As at 1 October 2024	163,766	652,189
Additions	14,496	22,912

As at 30 September 2025	178,262	675,101

Depreciation
As at 1 October 2024	133,827	536,645
Provided during the period	11,109	34,615

As at 30 September 2025	144,936	571,260

...CONTINUED

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INTERIORS WITH ART LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

Net Book Value
As at 30 September 2025	33,326	103,841

As at 1 October 2024	29,939	115,544

12. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,951,717	2,187,915
Prepayments and accrued income	33,968	3,322,646
Other debtors	2,131,671	1,966,966
ACT Recoverable	260,655	260,655
Directors' loan accounts	203,642	788,120

	4,581,653	8,526,302

13. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	6,765
Trade creditors	809,625	1,103,284
Payments on account	563,832	1,756,727
Other creditors	108,085	134,617
Corporation tax	108,953	353,174
Taxation and social security	500,498	174,381
Accruals and deferred income	592,034	990,948

	2,683,027	4,519,896

14. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other loans	232,178	232,178

15. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due between one and five years:
Other loans	232,178	232,178

16. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	6,765

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INTERIORS WITH ART LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

17. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	15,383	13,344

18. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 October 2024	13,344	13,344
Deferred taxation	2,039	2,039

Balance at 30 September 2025	15,383	15,383

19. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	500	500

20. Directors Advances, Credits and Guarantees

At the balance sheet date, the net amount owed by the directors is £203,642 (2024: £788,120)

21. Reserves

	Income Statement
	£
As at 1 October 2024	6,662,664
Profit for the year and total comprehensive income	273,791

As at 30 September 2025	6,936,455

22. Post Balance Sheet Events

IWA Developments Ltd and Shailja Interiors Ltd were dissolved on 9 June 2026 and 7 July 2026 respectively. The related balances, totalling £8,301, are no longer recoverable. This is considered an adjusting post balance sheet event; however, as the amount is immaterial, no adjustment is required in the financial statements for the year ended 30 September 2025.

IWA Solutions Ltd was dissolved on 9 June 2026. The balance due from IWA Solutions Ltd, which was £143,552 at 30 September 2025 and increased to £147,506 following subsequent transactions, has been transferred to Jeunesse International Ltd and incorporated into the balance due from that company.

23. Related Party Disclosures

Included within debtors falling due within one year are:

Advance of £1,979,818 (2024: £1,856,064) to Jeunessee International Ltd, a company in which Mr S Sharma and Mrs S Vohora have a beneficial interest.

Advances of £143,552 (2024: £103,352) to IWA Solutions Ltd, company in which Mr S Sharma is a director. Advances of £4,243 (2024: £3,868) to IWA Developments Ltd and £4,058 (2024: £3,683) to Shailja Interiors Ltd, companies in which Mr S Sharma and Mrs S Vohora are directors.

These loans are interest free and repayable on demand.

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INTERIORS WITH ART LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

24. Controlling Parties

The ultimate controlling party are Sanjay Sharma & Shailja Vohora.

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