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REGISTERED NUMBER: 03904683 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

FURNITURE WORLD (UK) LTD

FURNITURE WORLD (UK) LTD (REGISTERED NUMBER: 03904683)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FURNITURE WORLD (UK) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: B Wosner





SECRETARY: Mrs N Wosner





REGISTERED OFFICE: Unit 23 High Cross Centre
Fountayne Road
London
N15 5QL





REGISTERED NUMBER: 03904683 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

FURNITURE WORLD (UK) LTD (REGISTERED NUMBER: 03904683)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 72,120 64,796

CURRENT ASSETS
Stocks 330,214 270,291
Debtors 5 318,760 410,613
Cash at bank and in hand 226,705 300,855
875,679 981,759
CREDITORS
Amounts falling due within one year 6 (534,628 ) (623,568 )
NET CURRENT ASSETS 341,051 358,191
TOTAL ASSETS LESS CURRENT
LIABILITIES

413,171

422,987

CREDITORS
Amounts falling due after more than one
year

7

(33,909

)

(43,698

)
NET ASSETS 379,262 379,289

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 379,260 379,287
SHAREHOLDERS' FUNDS 379,262 379,289

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

FURNITURE WORLD (UK) LTD (REGISTERED NUMBER: 03904683)

BALANCE SHEET - continued
31 JANUARY 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 director and authorised for issue on 8 November 2023 and were signed by:





B Wosner - Director


FURNITURE WORLD (UK) LTD (REGISTERED NUMBER: 03904683)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Furniture World (UK) 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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.

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 27 (2022 - 28 ) .

FURNITURE WORLD (UK) LTD (REGISTERED NUMBER: 03904683)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2022 149,013 4,508 5,670 159,191
Additions 20,500 - - 20,500
At 31 January 2023 169,513 4,508 5,670 179,691
DEPRECIATION
At 1 February 2022 87,064 3,781 3,550 94,395
Charge for year 12,367 109 700 13,176
At 31 January 2023 99,431 3,890 4,250 107,571
NET BOOK VALUE
At 31 January 2023 70,082 618 1,420 72,120
At 31 January 2022 61,949 727 2,120 64,796

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 244,854 332,017
Other debtors 73,906 78,596
318,760 410,613

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 321,758 326,448
Taxation and social security 15,202 91,114
Other creditors 197,668 206,006
534,628 623,568

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Other creditors 33,909 43,698

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 33,909 43,698

FURNITURE WORLD (UK) LTD (REGISTERED NUMBER: 03904683)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Other loans 33,909 43,698

Under the bank loan, £33,909 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 February 2022 379,287
Profit for the year 54,973
Dividends (55,000 )
At 31 January 2023 379,260

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £55,000 (2022 - £50,000) were paid to the director .

12. ULTIMATE CONTROLLING PARTY

The controlling party is B Wosner.