Total Interiors Direct Ltd - Accounts to registrar (filleted) - small 22.3

Total Interiors Direct Ltd - Accounts to registrar (filleted) - small 22.3

TOTAL INTERIORS DIRECT LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v22.4.0.132 03156899 Board of Directors Board of Directors 1.1.22 31.12.22 31.12.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure031568992021-12-31031568992022-12-31031568992022-01-012022-12-31031568992020-12-31031568992021-01-012021-12-31031568992021-12-3103156899ns16:EnglandWales2022-01-012022-12-3103156899ns15:PoundSterling2022-01-012022-12-3103156899ns11:Director12022-01-012022-12-3103156899ns11:Director22022-01-012022-12-3103156899ns11:PrivateLimitedCompanyLtd2022-01-012022-12-3103156899ns11:SmallEntities2022-01-012022-12-3103156899ns11:AuditExempt-NoAccountantsReport2022-01-012022-12-3103156899ns11:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3103156899ns11:SmallCompaniesRegimeForAccounts2022-01-012022-12-3103156899ns11:AbridgedAccounts2022-01-012022-12-3103156899ns11:CompanySecretary12022-01-012022-12-3103156899ns11:RegisteredOffice2022-01-012022-12-3103156899ns6:CurrentFinancialInstruments2022-12-3103156899ns6:CurrentFinancialInstruments2021-12-3103156899ns6:ShareCapital2022-12-3103156899ns6:ShareCapital2021-12-3103156899ns6:RetainedEarningsAccumulatedLosses2022-12-3103156899ns6:RetainedEarningsAccumulatedLosses2021-12-3103156899ns6:PlantMachinery2022-01-012022-12-3103156899ns6:FurnitureFittings2022-01-012022-12-3103156899ns6:MotorVehicles2022-01-012022-12-3103156899ns6:ComputerEquipment2022-01-012022-12-3103156899ns6:WithinOneYearns6:CurrentFinancialInstrumentsns6:HirePurchaseContracts2022-12-3103156899ns6:WithinOneYearns6:CurrentFinancialInstrumentsns6:HirePurchaseContracts2021-12-31
REGISTERED NUMBER: 03156899 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Total Interiors Direct Ltd
Total Interiors Direct Ltd (Registered number: 03156899)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Total Interiors Direct Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTORS: J H Ruane
J J Ruane





SECRETARY: Mrs G Ruane





REGISTERED OFFICE: Cadbury House
Blackpole East
Worcester
Worcestershire
WR3 8SG





REGISTERED NUMBER: 03156899 (England and Wales)





ACCOUNTANTS: dhjh Tenbury Wells LLP
Chartered Certified Accountants
81 Teme Street
Tenbury Wells
Worcestershire
WR15 8AE
Page 1
Total Interiors Direct Ltd (Registered number: 03156899)

Abridged Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,272 42,583

CURRENT ASSETS
Stocks 169,259 108,724
Debtors 1,104,226 947,048
Cash at bank and in hand 1,351,018 1,273,223
2,624,503 2,328,995
CREDITORS
Amounts falling due within one year 1,767,201 1,097,008
NET CURRENT ASSETS 857,302 1,231,987
TOTAL ASSETS LESS CURRENT
LIABILITIES
906,574
1,274,570

CAPITAL AND RESERVES
Called up share capital 130 130
Retained earnings 906,444 1,274,440
906,574 1,274,570

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 15 March 2023 and were signed on its behalf by:




J H Ruane - Director



J J Ruane - Director


The notes form part of these financial statements

Page 2
Total Interiors Direct Ltd (Registered number: 03156899)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Total Interiors Direct 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Page 3 continued...
Total Interiors Direct Ltd (Registered number: 03156899)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued

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 9 (2021 - 9 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2022 136,790
Additions 21,639
At 31 December 2022 158,429
DEPRECIATION
At 1 January 2022 94,207
Charge for year 14,950
At 31 December 2022 109,157
NET BOOK VALUE
At 31 December 2022 49,272
At 31 December 2021 42,583

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2022 67,337
Transfer to ownership (67,337 )
At 31 December 2022 -
DEPRECIATION
At 1 January 2022 35,773
Transfer to ownership (35,773 )
At 31 December 2022 -
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 31,564

5. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2022 2021
£    £   
Net obligations repayable:
Within one year - 3,324

Page 4