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Company Registration No. 4374376 (England and Wales)
Beds & Furniture Emporium Ltd Unaudited accounts for the year ended 28 February 2023
Beds & Furniture Emporium Ltd Unaudited accounts Contents
Page
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Beds & Furniture Emporium Ltd Company Information for the year ended 28 February 2023
Director
Zubeda Mussa
Company Number
4374376 (England and Wales)
Registered Office
Unit 21A Higher Walton Mill Higher Walton Road Preston Lancashire PR5 4DJ uk
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Beds & Furniture Emporium Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
57,700 
60,906 
Tangible assets
5,599 
6,642 
63,299 
67,548 
Current assets
Inventories
12,664 
4,966 
Debtors
4,603 
2,641 
Cash at bank and in hand
6,837 
23,111 
24,104 
30,718 
Creditors: amounts falling due within one year
(52,792)
(57,971)
Net current liabilities
(28,688)
(27,253)
Total assets less current liabilities
34,611 
40,295 
Creditors: amounts falling due after more than one year
(21,411)
(27,420)
Net assets
13,200 
12,875 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
13,199 
12,874 
Shareholders' funds
13,200 
12,875 
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 1 November 2023 and were signed on its behalf by
Zubeda Mussa Director Company Registration No. 4374376
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Beds & Furniture Emporium Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Beds & Furniture Emporium Ltd is a private company, limited by shares, registered in England and Wales, registration number 4374376. The registered office is Unit 21A Higher Walton Mill, Higher Walton Road, Preston, Lancashire, PR5 4DJ, uk.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
4
Intangible fixed assets
Other 
£ 
Cost
At 1 March 2022
64,112 
At 28 February 2023
64,112 
Amortisation
At 1 March 2022
3,206 
Charge for the year
3,206 
At 28 February 2023
6,412 
Net book value
At 28 February 2023
57,700 
At 28 February 2022
60,906 
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Beds & Furniture Emporium Ltd Notes to the Accounts for the year ended 28 February 2023
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
15,868 
2,726 
18,594 
At 28 February 2023
15,868 
2,726 
18,594 
Depreciation
At 1 March 2022
10,151 
1,801 
11,952 
Charge for the year
858 
185 
1,043 
At 28 February 2023
11,009 
1,986 
12,995 
Net book value
At 28 February 2023
4,859 
740 
5,599 
At 28 February 2022
5,717 
925 
6,642 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
4,603 
2,641 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
2,347 
3,094 
Obligations under finance leases and hire purchase contracts
689 
4,577 
Trade creditors
31,657 
33,910 
Taxes and social security
6,550 
5,878 
Other creditors
5,908 
5,908 
Loans from directors
5,641 
4,604 
52,792 
57,971 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
21,411 
27,420 
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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