Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mrs A F B R Trinder 01/04/2003 Mr G M Trinder 31/07/2020 07 October 2023 The principal activity of the Company during the financial year was that of the manufacture and sale of furniture and soft furnishings. 04718079 2023-03-31 04718079 bus:Director1 2023-03-31 04718079 bus:Director2 2023-03-31 04718079 2022-03-31 04718079 core:CurrentFinancialInstruments 2023-03-31 04718079 core:CurrentFinancialInstruments 2022-03-31 04718079 core:Non-currentFinancialInstruments 2023-03-31 04718079 core:Non-currentFinancialInstruments 2022-03-31 04718079 core:ShareCapital 2023-03-31 04718079 core:ShareCapital 2022-03-31 04718079 core:RevaluationReserve 2023-03-31 04718079 core:RevaluationReserve 2022-03-31 04718079 core:CapitalRedemptionReserve 2023-03-31 04718079 core:CapitalRedemptionReserve 2022-03-31 04718079 core:RetainedEarningsAccumulatedLosses 2023-03-31 04718079 core:RetainedEarningsAccumulatedLosses 2022-03-31 04718079 core:LandBuildings 2022-03-31 04718079 core:OtherPropertyPlantEquipment 2022-03-31 04718079 core:LandBuildings 2023-03-31 04718079 core:OtherPropertyPlantEquipment 2023-03-31 04718079 2022-04-01 2023-03-31 04718079 bus:FullAccounts 2022-04-01 2023-03-31 04718079 bus:SmallEntities 2022-04-01 2023-03-31 04718079 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04718079 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04718079 bus:Director1 2022-04-01 2023-03-31 04718079 bus:Director2 2022-04-01 2023-03-31 04718079 core:LandBuildings 2022-04-01 2023-03-31 04718079 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 04718079 2021-04-01 2022-03-31 04718079 core:CurrentFinancialInstruments 2022-04-01 2023-03-31 04718079 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 04718079 (England and Wales)

THE DORMY HOUSE FURNITURE AND SOFT FURNISHINGS LTD

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

THE DORMY HOUSE FURNITURE AND SOFT FURNISHINGS LTD

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

THE DORMY HOUSE FURNITURE AND SOFT FURNISHINGS LTD

COMPANY INFORMATION

For the financial year ended 31 March 2023
THE DORMY HOUSE FURNITURE AND SOFT FURNISHINGS LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS Mrs A F B R Trinder
Mr G M Trinder
REGISTERED OFFICE 27a Walworth Business Park
Andover
SP10 5LH
United Kingdom
COMPANY NUMBER 04718079 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Hitchcock House
Hilltop Park
Devizes Road
Salisbury
Wiltshire SP3 4UF
THE DORMY HOUSE FURNITURE AND SOFT FURNISHINGS LTD

BALANCE SHEET

As at 31 March 2023
THE DORMY HOUSE FURNITURE AND SOFT FURNISHINGS LTD

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,347,426 1,446,487
1,347,426 1,446,487
Current assets
Stocks 0 273,720
Debtors 4 406,477 28,158
Cash at bank and in hand 322,032 528,658
728,509 830,536
Creditors: amounts falling due within one year 5 ( 860,678) ( 838,079)
Net current liabilities (132,169) (7,543)
Total assets less current liabilities 1,215,257 1,438,944
Creditors: amounts falling due after more than one year 6 ( 431,532) ( 570,192)
Provision for liabilities ( 120,604) ( 145,245)
Net assets 663,121 723,507
Capital and reserves
Called-up share capital 524 524
Revaluation reserve 461,790 461,790
Capital redemption reserve 676 676
Profit and loss account 200,131 260,517
Total shareholders' funds 663,121 723,507

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of The Dormy House Furniture and Soft Furnishings Ltd (registered number: 04718079) were approved and authorised for issue by the Board of Directors on 07 October 2023. They were signed on its behalf by:

Mrs A F B R Trinder
Director
THE DORMY HOUSE FURNITURE AND SOFT FURNISHINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
THE DORMY HOUSE FURNITURE AND SOFT FURNISHINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Dormy House Furniture and Soft Furnishings Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 27a Walworth Business Park, Andover, SP10 5LH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The company premises were destroyed by a fire shortly before the year end, which has significantly impacted the operations of the company.

The company insurers have accepted the claim made by the company, and since the year end material payments from them have been received.

The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. Theses financial statements are therefore prepared on a going concern basis.

Turnover

Turnover represents the value of goods sold during the year, net of Value added tax and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Uninvoiced deliveries at the year end are included in accrued income. Invoiced deliveries are included in debtors. Where customers pay in advance for goods, the amount is recorded as deferred income until the goods have been delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 25 % reducing balance
Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 23 30

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 April 2022 1,325,000 610,852 1,935,852
Additions 0 92,375 92,375
Disposals 0 ( 657,732) ( 657,732)
At 31 March 2023 1,325,000 45,495 1,370,495
Accumulated depreciation
At 01 April 2022 0 489,365 489,365
Charge for the financial year 0 7,476 7,476
Disposals 0 ( 473,772) ( 473,772)
At 31 March 2023 0 23,069 23,069
Net book value
At 31 March 2023 1,325,000 22,426 1,347,426
At 31 March 2022 1,325,000 121,487 1,446,487

The majority of the freehold buildings were destroyed by the fire shortly before the year end. The company's insurers have accepted the claim made by the company to rebuild the premises on a like for like basis, and therefore the directors do not consider that a provision for impairment would be appropriate.

4. Debtors

2023 2022
£ £
Trade debtors 624 2,823
Prepayments 5,053 22,588
Other debtors 400,800 2,747
406,477 28,158

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 169,555 46,739
Trade creditors 23,060 65,598
Amounts owed to directors 5,848 7,432
Accruals 4,500 14,778
Taxation and social security 57,832 73,699
Obligations under finance leases and hire purchase contracts 26,600 0
Other creditors 573,283 629,833
860,678 838,079

The above bank loans of £169,555 are secured on the company assets.

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 398,282 570,192
Obligations under finance leases and hire purchase contracts 33,250 0
431,532 570,192

The above bank loans of £398,282 are secured on the company assets.