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Company Registration No. 06432228 (England and Wales)
BRISTOL FINE FURNITURE LTD Unaudited accounts for the year ended 30 June 2023
BRISTOL FINE FURNITURE LTD Unaudited accounts Contents
Page
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BRISTOL FINE FURNITURE LTD Company Information for the year ended 30 June 2023
Director
Sean Burrows
Company Number
06432228 (England and Wales)
Registered Office
48 BELVOIR ROAD ST ANDREWS BRISTOL BS6 5DJ
Accountants
Space Advisory and Accountancy Limited 19 Malago Drive Bristol BS3 5DR
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BRISTOL FINE FURNITURE LTD Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,886 
13,377 
Current assets
Inventories
1,500 
1,500 
Debtors
666 
1,336 
Cash at bank and in hand
11,441 
36,117 
13,607 
38,953 
Creditors: amounts falling due within one year
(8,292)
(20,223)
Net current assets
5,315 
18,730 
Total assets less current liabilities
15,201 
32,107 
Provisions for liabilities
Deferred tax
(1,879)
(2,542)
Net assets
13,322 
29,565 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
13,321 
29,564 
Shareholders' funds
13,322 
29,565 
For the year ending 30 June 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 November 2023 and were signed on its behalf by
Sean Burrows Director Company Registration No. 06432228
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BRISTOL FINE FURNITURE LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
BRISTOL FINE FURNITURE LTD is a private company, limited by shares, registered in England and Wales, registration number 06432228. The registered office is 48 BELVOIR ROAD, ST ANDREWS, BRISTOL, BS6 5DJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Reducing Balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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BRISTOL FINE FURNITURE LTD Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2022
16,420 
27,845 
3,891 
4,845 
53,001 
At 30 June 2023
16,420 
27,845 
3,891 
4,845 
53,001 
Depreciation
At 1 July 2022
13,651 
19,596 
3,371 
3,006 
39,624 
Charge for the year
692 
2,062 
130 
607 
3,491 
At 30 June 2023
14,343 
21,658 
3,501 
3,613 
43,115 
Net book value
At 30 June 2023
2,077 
6,187 
390 
1,232 
9,886 
At 30 June 2022
2,769 
8,249 
520 
1,839 
13,377 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
666 
1,336 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
3,921 
Taxes and social security
(832)
7,821 
Other creditors
4,530 
891 
Loans from directors
3,594 
5,840 
Accruals
1,000 
1,750 
8,292 
20,223 
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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