Academy Furniture Hire Limited |
Registered Number:07465913 |
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
For the year ended 28 February 2023
Academy Furniture Hire Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Academy Furniture Hire Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
75,529
84,486
2
75,529
84,486
Trade and other receivables |
48,572
54,879
3
-
Cash and cash equivalents |
15,364
70,243
48,572
Trade and other payables: amounts falling due within one |
year |
(67,225)
(34,456)
4
(18,653)
35,787
Net current assets
Total assets less current liabilities |
111,316
65,833
Trade and other payables: amounts falling due after more |
than one year |
(38,437)
(36,724)
5
74,592
Net assets
27,396
124
138
17,600
17,600
56,868
9,658
74,592
27,396
Shareholders' funds
For the year ended 28 February 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 08 November 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 28 February 2023
Academy Furniture Hire Limited
Notes to the Financial Statements
Statutory Information
Academy Furniture Hire Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 07465913. |
Principal place of business: |
Unit 3
Ellesfield Trade Centre
Bracknell
Berkshire Surrey
RG12 8HH
Forest Lodge
Forest Road
Pyrford
Surrey
GU22 8NA
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Leasehold Improvements
Equipment
Motor vehicles
Furniture Stock
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2 of 4
For the year ended 28 February 2023
Academy Furniture Hire Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Equipment
156,823
53,544
96,654
6,625
43,469
-
43,469
-
-
(47,500)
-
(47,500)
6,625
92,623
53,544
152,792
Provision for depreciation and impairment |
72,337
25,947
45,065
1,325
Charge for year
35,204
11,556
22,323
1,325
(30,278)
-
(30,278)
-
77,263
37,503
37,110
2,650
3,975
55,513
16,041
75,529
5,300
51,589
27,597
84,486
3. Trade and other receivables |
2022
2023
16,954
10,853
37,925
37,719
48,572
54,879
4. Trade and other payables: amounts falling due within one year |
2022
2023
-
7,741
788
4,409
Taxation and social security |
5,442
10,015
28,226
45,060
34,456
67,225
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
36,724
38,437
3 of 4
For the year ended 28 February 2023
Academy Furniture Hire Limited
Notes to the Financial Statements Continued
6. Average number of persons employed |
During the year the average number of employees was 12 (2022 : 11)
4 of 4