DURHAM BED AND FURNITURE GROUP LTD

Company Registration Number:
13015807 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2022

Period of accounts

Start date: 1 December 2021

End date: 30 November 2022

DURHAM BED AND FURNITURE GROUP LTD

Contents of the Financial Statements

for the Period Ended 30 November 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

DURHAM BED AND FURNITURE GROUP LTD

Directors' report period ended 30 November 2022

The directors present their report with the financial statements of the company for the period ended 30 November 2022

Principal activities of the company

The principal activities of the company are the retail of furniture and associated household goods



Directors

The director shown below has held office during the whole of the period from
1 December 2021 to 30 November 2022

M.Armour


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
22 November 2023

And signed on behalf of the board by:
Name: M.Armour
Status: Director

DURHAM BED AND FURNITURE GROUP LTD

Profit And Loss Account

for the Period Ended 30 November 2022

2022 13 months to 30 November 2021


£

£
Turnover: 2,416,685 1,558,483
Cost of sales: ( 1,124,462 ) ( 931,468 )
Gross profit(or loss): 1,292,223 627,015
Administrative expenses: ( 1,296,936 ) ( 638,195 )
Other operating income: 18,607
Operating profit(or loss): (4,713) 7,427
Interest payable and similar charges: ( 54 )
Profit(or loss) before tax: (4,767) 7,427
Profit(or loss) for the financial year: (4,767) 7,427

DURHAM BED AND FURNITURE GROUP LTD

Balance sheet

As at 30 November 2022

Notes 2022 13 months to 30 November 2021


£

£
Fixed assets
Tangible assets: 3 29,307 25,972
Total fixed assets: 29,307 25,972
Current assets
Stocks: 4 111,250 64,150
Debtors: 5 5,200 3,000
Cash at bank and in hand: 50,189 24,361
Total current assets: 166,639 91,511
Creditors: amounts falling due within one year: 6 ( 274,570 ) ( 150,055 )
Net current assets (liabilities): (107,931) (58,544)
Total assets less current liabilities: (78,624) ( 32,572)
Creditors: amounts falling due after more than one year: 7 ( 33,787 )
Total net assets (liabilities): (112,411) (32,572)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (112,412 ) (32,573 )
Total Shareholders' funds: ( 112,411 ) (32,572)

The notes form part of these financial statements

DURHAM BED AND FURNITURE GROUP LTD

Balance sheet statements

For the year ending 30 November 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 22 November 2023
and signed on behalf of the board by:

Name: M.Armour
Status: Director

The notes form part of these financial statements

DURHAM BED AND FURNITURE GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:Fixtures and fittings 15% reducing balanceMotor vehicles 25% reducing balance

DURHAM BED AND FURNITURE GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

  • 2. Employees

    2022 13 months to 30 November 2021
    Average number of employees during the period 49 38

DURHAM BED AND FURNITURE GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2021 3,450 30,950 34,400
Additions 11,568 11,568
Disposals
Revaluations
Transfers
At 30 November 2022 15,018 30,950 45,968
Depreciation
At 1 December 2021 690 7,738 8,428
Charge for year 2,430 5,803 8,233
On disposals
Other adjustments
At 30 November 2022 3,120 13,541 16,661
Net book value
At 30 November 2022 11,898 17,409 29,307
At 30 November 2021 2,760 23,212 25,972

DURHAM BED AND FURNITURE GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

4. Stocks

2022 13 months to 30 November 2021
£ £
Stocks 111,250 64,150
Total 111,250 64,150

DURHAM BED AND FURNITURE GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

5. Debtors

2022 13 months to 30 November 2021
£ £
Prepayments and accrued income 3,000 3,000
Other debtors 2,200
Total 5,200 3,000

DURHAM BED AND FURNITURE GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

6. Creditors: amounts falling due within one year note

2022 13 months to 30 November 2021
£ £
Bank loans and overdrafts 11,160
Trade creditors 92,440 27,220
Taxation and social security 170,421 106,579
Accruals and deferred income 435 5,060
Other creditors 114 11,196
Total 274,570 150,055

DURHAM BED AND FURNITURE GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

7. Creditors: amounts falling due after more than one year note

2022
£
Bank loans and overdrafts 33,787
Total 33,787