2022-03-01 07465913 2023-02-28 07465913 2022-03-01 2023-02-28 07465913 2022-02-28 07465913 2021-03-01 2022-02-28 07465913 uk-core:WithinOneYear 2022-02-28 07465913 uk-core:WithinOneYear 2023-02-28 07465913 uk-core:AfterOneYear 2022-02-28 07465913 uk-core:AfterOneYear 2023-02-28 07465913 uk-core:ShareCapital 2023-02-28 07465913 uk-core:ShareCapital 2022-02-28 07465913 uk-core:SharePremium 2023-02-28 07465913 uk-core:SharePremium 2022-02-28 07465913 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 07465913 uk-core:RetainedEarningsAccumulatedLosses 2022-02-28 07465913 uk-bus:Director1 2022-03-01 2023-02-28 07465913 uk-core:LeaseholdImprovements 2022-03-01 2023-02-28 07465913 uk-core:ComputerEquipment 2022-03-01 2023-02-28 07465913 uk-core:CommercialMotorVehicles 2022-03-01 2023-02-28 07465913 uk-core:FurnitureFittings 2022-03-01 2023-02-28 07465913 uk-core:ComputerEquipment 2022-02-28 07465913 uk-core:FurnitureFittings 2022-02-28 07465913 uk-core:LeaseholdImprovements 2022-02-28 07465913 uk-core:LeaseholdImprovements 2023-02-28 07465913 uk-core:FurnitureFittings 2023-02-28 07465913 uk-core:ComputerEquipment 2023-02-28 07465913 uk-core:WithinOneYear 2023-02-28 07465913 uk-core:WithinOneYear 2022-02-28 iso4217:GBP xbrli:pure 07465913 uk-bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 07465913 uk-bus:FRS102 2022-03-01 2023-02-28 07465913 uk-bus:FullAccounts 2022-03-01 2023-02-28 07465913 uk-bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28
Academy Furniture Hire Limited
Registered Number:07465913
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
07465913
As at 28 February 2023
Academy Furniture Hire Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
75,529
84,486
2
75,529
84,486
Current assets
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
Capital and reserves
Called up share capital
124
138
Share premium account
17,600
17,600
Retained earnings
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.
C Boot Director
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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4
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
Registered address:
Forest Lodge
Forest Road
Pyrford
Surrey
GU22 8NA
The presentation currency is £ sterling.
1. Accounting policies
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
20 % Straight line
25 % Straight line
Equipment
25 % Straight line
Motor vehicles
25 % Straight line
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.
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5
For the year ended 28 February 2023
Academy Furniture Hire Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Equipment
Furniture
Stock
Leasehold
Improvements
£
£
£
£
Cost or
valuation
At 01 March 2022
156,823
53,544
96,654
6,625
43,469
-
43,469
-
Additions
-
(47,500)
-
Disposals
(47,500)
At 28 February 2023
6,625
92,623
53,544
152,792
Provision for depreciation and impairment
At 01 March 2022
72,337
25,947
45,065
1,325
Charge for year
35,204
11,556
22,323
1,325
(30,278)
-
(30,278)
-
On disposal
At 28 February 2023
77,263
37,503
37,110
2,650
At 28 February 2023
Net book value
3,975
55,513
16,041
75,529
At 28 February 2022
5,300
51,589
27,597
84,486
3. Trade and other receivables
2022
2023
£
£
Trade debtors
16,954
10,853
Other debtors
37,925
37,719
48,572
54,879
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
-
7,741
Trade creditors
788
4,409
Taxation and social security
5,442
10,015
Other creditors
28,226
45,060
34,456
67,225
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
36,724
38,437
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6
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)
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