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Registered Number: 11713245
England & Northern Ireland

 

 

 

LONDON FURNITURE CLEARANCE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 January 2022

End date: 31 December 2022
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts London Furniture Clearance Limited for the year ended 31 December 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of London Furniture Clearance Limited for the year ended 31 December 2022 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of London Furniture Clearance Limited , as a body, in accordance with the terms of our engagement letter dated 16 November 2023. Our work has been undertaken solely to prepare for your approval the accounts of London Furniture Clearance Limited and state those matters that we have agreed to state to the Board of Directors of London Furniture Clearance Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than London Furniture Clearance Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that London Furniture Clearance Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit London Furniture Clearance Limited. You consider that London Furniture Clearance Limited is exempt from the statutory audit requirement for the year

We have not been instructed to carry out an audit or a review of the accounts of London Furniture Clearance Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
Mayfair Associates London Ltd
69 Banstead Road
Carshalton
SM5 3NP
16 November 2023
1
 
 
Notes
 
2022
£
  2021
£
Current assets      
Debtors 56,341    55,342 
Cash at bank and in hand 4,597    62,122 
60,938    117,464 
Creditors: amount falling due within one year (95,628)   (101,012)
Net current liabilities (34,690)   16,452 
 
Total assets less current liabilities (34,690)   16,452 
Net liabilities (34,690)   16,452 
 

Capital and reserves
     
Called up share capital 1,000    1,000 
Profit and loss account (35,690)   15,452 
Shareholder's funds (34,690)   16,452 
 


For the year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 16 November 2023 and were signed by:


-------------------------------
Ruby Shuttleworth
Director
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General Information
London Furniture Clearance Limited is a private company, limited by shares, registered in England & Northern Ireland, registration number 11713245, registration address 69 BANSTEAD ROAD, CARSHALTON SURREY, SM5 3NP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2.

Average number of employees

Average number of employees during the year was 0 (2021 : 0).
3.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2022
£
 2021
£
 2022
£
 2021
£
Milmoll Limited(29,362)(29,362)
Exhibit Hire Limited(4,800)(4,800)
Milmoll Group Property Limited(10,000)(10,000)
IZMO Limited3,500 4,260 760 




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