REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 February 2022 to 30 April 2023 |
for |
Corporate Furniture & Interiors Limited |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
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 |
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 |
Additions |
At 30 April 2023 |
DEPRECIATION |
At 1 February 2022 |
Charge for period |
At 30 April 2023 |
NET BOOK VALUE |
At 30 April 2023 |
At 31 January 2022 |
5. | STOCKS |
2023 | 2022 |
£ | £ |
Stocks |
Work-in-progress |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Social security and other tax |
Pension fund | 1,748 | 2,387 |
VAT | 17,357 | 31,932 |
Other creditors |
Credit Card:D Marshall -9491 | 93 | - |
Student Loan | 152 | 16 |
Directors' loan accounts | 44,900 | 44,900 |
Accrued expenses |
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 |
Hire purchase contracts |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | 1 | 100 | 100 |
10. | RESERVES |
Retained |
earnings |
£ |
At 1 February 2022 | ( |
) |
Profit for the period |
At 30 April 2023 |
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. |