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REGISTERED NUMBER: 03302804 (England and Wales)










Unaudited Financial Statements

for the Period 1 February 2022 to 30 April 2023

for

Corporate Furniture & Interiors Limited

Corporate Furniture & Interiors Limited (Registered number: 03302804)






Contents of the Financial Statements
for the Period 1 February 2022 to 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Corporate Furniture & Interiors Limited

Company Information
for the Period 1 February 2022 to 30 April 2023







DIRECTORS: A Duddigan
Mrs M Duddigan
B Chagger
Mrs J Chagger





SECRETARY: Mrs M Duddigan





REGISTERED OFFICE: 3 Sheen Road
Richmond
England
TW9 1AD





REGISTERED NUMBER: 03302804 (England and Wales)





ACCOUNTANTS: SKS Business Services Limited
3 Sheen Road
Richmond upon Thames
Richmond
Surrey
TW9 1AD

Corporate Furniture & Interiors Limited (Registered number: 03302804)

Balance Sheet
30 April 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 51,750 70,628

CURRENT ASSETS
Stocks 5 82,996 78,283
Debtors 6 123,834 119,896
Cash at bank and in hand 122 2,185
206,952 200,364
CREDITORS
Amounts falling due within one year 7 (181,117 ) (190,833 )
NET CURRENT ASSETS 25,835 9,531
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,585

80,159

CREDITORS
Amounts falling due after more than one
year

8

(53,200

)

(91,575

)
NET ASSETS/(LIABILITIES) 24,385 (11,416 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 24,285 (11,516 )
SHAREHOLDERS' FUNDS 24,385 (11,416 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2023 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.

Corporate Furniture & Interiors Limited (Registered number: 03302804)

Balance Sheet - continued
30 April 2023


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 Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:





B Chagger - Director


Corporate Furniture & Interiors Limited (Registered number: 03302804)

Notes to the Financial Statements
for the Period 1 February 2022 to 30 April 2023

1. STATUTORY INFORMATION

Corporate Furniture & Interiors Limited 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.

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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

TANGIBLE FIXED ASSETS
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

STOCKS
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

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

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.

DEPRECIATION
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 14 (2022 - 12 ) .

Corporate Furniture & Interiors Limited (Registered number: 03302804)

Notes to the Financial Statements - continued
for the Period 1 February 2022 to 30 April 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2022 313,990 55,548 38,495 408,033
Additions 4,646 - - 4,646
At 30 April 2023 318,636 55,548 38,495 412,679
DEPRECIATION
At 1 February 2022 249,093 53,156 35,156 337,405
Charge for period 21,733 748 1,043 23,524
At 30 April 2023 270,826 53,904 36,199 360,929
NET BOOK VALUE
At 30 April 2023 47,810 1,644 2,296 51,750
At 31 January 2022 64,897 2,392 3,339 70,628

5. STOCKS
2023 2022
£    £   
Stocks 39,650 51,736
Work-in-progress 43,346 26,547
82,996 78,283

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 123,834 117,339
Prepayments - 2,557
123,834 119,896

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 27,121 39,685
Hire purchase contracts 20,700 20,700
Trade creditors 36,016 19,362
Social security and other tax 9,430 7,322
Pension fund 1,748 2,387
VAT 17,357 31,932
Other creditors 20,000 20,000
Credit Card:D Marshall -9491 93 -
Student Loan 152 16
Directors' loan accounts 44,900 44,900
Accrued expenses 3,600 4,529
181,117 190,833

Corporate Furniture & Interiors Limited (Registered number: 03302804)

Notes to the Financial Statements - continued
for the Period 1 February 2022 to 30 April 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bounce back loan 32,500 45,000
Hire purchase contracts 20,700 46,575
53,200 91,575

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 February 2022 (11,516 )
Profit for the period 35,801
At 30 April 2023 24,285

11. RELATED PARTY DISCLOSURES

At the balance sheet date, included in creditors is an amount owed to director and shareholder Mr A Duddigan for the sum of £11,175 (2022- £11,175) and to Mr B Chagger for the sum of £33,725 (2022- £33,725).

At the balance sheet date, included in other creditors is an amount owed to JBL Furniture Interiors and Design Limited in which Mr B Chagger and Mrs J Chagger are directors and shareholders for the sum of £20,000 (2022-£20,000).

At the balance sheet date, included in trade debtors is an amount owed by JBL Furniture Interiors and Design Limited in which Mr B Chagger and Mrs J Chagger are directors and shareholders for the sum of £117,996 (2022 - £116,325).

12. ULTIMATE CONTROLLING PARTY

Mr B Chagger, a director, owns 74% of the Ordinary Share Capital of the company and hence is the Ultimate Controlling Party.