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REGISTERED NUMBER: SC273198 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2021

for

Dunfermline Home Furnishings Ltd.

Dunfermline Home Furnishings Ltd. (Registered number: SC273198)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dunfermline Home Furnishings Ltd.

Company Information
for the Year Ended 30 November 2021







DIRECTOR: C Staszek





REGISTERED OFFICE: 48 Campbell Street
Dunfermline
Fife
KY12 0QJ





REGISTERED NUMBER: SC273198 (Scotland)






Dunfermline Home Furnishings Ltd. (Registered number: SC273198)

Balance Sheet
30 November 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Stocks 25,000 9,000
Debtors 4 220 -
Cash at bank 4,304 9,488
29,524 18,488
CREDITORS
Amounts falling due within one year 5 215,110 220,749
NET CURRENT LIABILITIES (185,586 ) (202,261 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(185,586

)

(202,261

)

CREDITORS
Amounts falling due after more than
one year

6

150,492

102,911
NET LIABILITIES (336,078 ) (305,172 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (336,080 ) (305,174 )
(336,078 ) (305,172 )

Dunfermline Home Furnishings Ltd. (Registered number: SC273198)

Balance Sheet - continued
30 November 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2022 and were signed by:





C Staszek - Director


Dunfermline Home Furnishings Ltd. (Registered number: SC273198)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

Dunfermline Home Furnishings Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

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 Income Statement, 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.

Going concern
The accounts have been prepared on a going concern basis despite the fact that liabilities exceed assets.

At the date of approving the accounts, the director is of the opinion that the company has adequate working capital to continue operations for the next 12 months and as a result, the director has continued to adopt the going concern basis in preparing the annual financial statements.

Dunfermline Home Furnishings Ltd. (Registered number: SC273198)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
VAT 220 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 214,430 217,689
VAT - 2,410
Accrued expenses 680 650
215,110 220,749

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2021 2020
£    £   
Directors' loan accounts 150,492 102,911