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REGISTERED NUMBER: 04673265 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

BERKSHIRE OFFICE FURNITURE LIMITED

BERKSHIRE OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 04673265)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BERKSHIRE OFFICE FURNITURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Mr J Beasley
Mrs J Leray





REGISTERED OFFICE: 27-29 Loverock Road
Battle Farm Industrial Estate
Reading
Berkshire
RG30 1DF





REGISTERED NUMBER: 04673265 (England and Wales)





ACCOUNTANTS: Aspen Waite Limited
Chartered Accountants
Rubis House
15 Friarn Street
Bridgwater
Somerset
TA6 3LH

BERKSHIRE OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 04673265)

BALANCE SHEET
31ST MARCH 2023

31/3/23 31/3/22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 90,963 78,863
90,963 78,863

CURRENT ASSETS
Stocks 260,177 327,171
Debtors 6 316,355 140,945
Cash at bank and in hand 240,869 124,141
817,401 592,257
CREDITORS
Amounts falling due within one year 7 (461,705 ) (258,336 )
NET CURRENT ASSETS 355,696 333,921
TOTAL ASSETS LESS CURRENT
LIABILITIES

446,659

412,784

CREDITORS
Amounts falling due after more than one
year

8

(29,870

)

(52,561

)

PROVISIONS FOR LIABILITIES (11,823 ) (9,627 )
NET ASSETS 404,966 350,596

CAPITAL AND RESERVES
Called up share capital 9,000 9,000
Retained earnings 395,966 341,596
404,966 350,596

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

BERKSHIRE OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 04673265)

BALANCE SHEET - continued
31ST MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 27th November 2023 and were signed on its behalf by:





Mr J Beasley - Director


BERKSHIRE OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 04673265)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Berkshire Office Furniture Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

GOING CONCERN
The accompanying financial statements have been prepared by the accountants, assuming that the Company will continue as a going concern.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Goodwill has been fully amortised.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


BERKSHIRE OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 04673265)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

RESEARCH AND DEVELOPMENT
Expenditure on research and development is written off in the year in which it is incurred.


PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 19,000
AMORTISATION
At 1st April 2022
and 31st March 2023 19,000
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 -

BERKSHIRE OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 04673265)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st April 2022 28,196 10,539 18,167
Additions 541 1,913 -
At 31st March 2023 28,737 12,452 18,167
DEPRECIATION
At 1st April 2022 - 6,156 15,046
Charge for year - 1,574 781
At 31st March 2023 - 7,730 15,827
NET BOOK VALUE
At 31st March 2023 28,737 4,722 2,340
At 31st March 2022 28,196 4,383 3,121

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2022 93,519 29,889 180,310
Additions 29,690 698 32,842
At 31st March 2023 123,209 30,587 213,152
DEPRECIATION
At 1st April 2022 55,985 24,260 101,447
Charge for year 16,806 1,581 20,742
At 31st March 2023 72,791 25,841 122,189
NET BOOK VALUE
At 31st March 2023 50,418 4,746 90,963
At 31st March 2022 37,534 5,629 78,863

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 284,266 126,588
Other debtors 76 -
Prepayments 32,013 14,357
316,355 140,945

BERKSHIRE OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 04673265)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 157,519 111,810
Bounce Back Loan - 8,333
Hire purchase contracts 13,820 7,131
Trade creditors 203,635 76,044
Corporation tax 8,418 9,321
Social security and other taxes 14,843 11,327
VAT 47,445 13,220
Pension creditor 1,518 1,080
Directors' loan accounts 1,823 7,385
Accruals and deferred income 12,684 12,685
461,705 258,336

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Bounce Back loan - 1-2 years - 31,167
Hire purchase contracts 29,870 21,394
29,870 52,561

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2023 and 31st March 2022:

31/3/23 31/3/22
£    £   
Mr J Beasley
Balance outstanding at start of year (4,236 ) (1,939 )
Amounts advanced 7,989 3,203
Amounts repaid (4,000 ) (5,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (247 ) (4,236 )

Mrs J Leray
Balance outstanding at start of year (3,152 ) (1,873 )
Amounts advanced 5,576 4,221
Amounts repaid (4,000 ) (5,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,576 ) (3,152 )