Company Registration No. 10167982 (England and Wales)
SIMPLY FURNITURE LIMITED
Unaudited accounts
for the year ended 31 May 2023
SIMPLY FURNITURE LIMITED
Unaudited accounts
Contents
SIMPLY FURNITURE LIMITED
Company Information
for the year ended 31 May 2023
Director
STEPHEN RICHARDSON
Company Number
10167982 (England and Wales)
Registered Office
NEWSTET ROAD
KIRKBY INDUSTRIAL ESTATE
LIVERPOOL
L33 7TJ
UK
Accountants
Rawson Irekponor MAAT, ACCA
Liverpool Innovation Park
Liverpool Innovation Park
Liverpool
L7 9NJ
SIMPLY FURNITURE LIMITED
Statement of financial position
as at 31 May 2023
Intangible assets
35,000
35,000
Tangible assets
13,497
11,034
Cash at bank and in hand
16,021
20,143
Creditors: amounts falling due within one year
(34,653)
(33,321)
Net current assets
24,176
27,106
Total assets less current liabilities
72,673
73,140
Creditors: amounts falling due after more than one year
(23,925)
(26,627)
Called up share capital
100
100
Share premium
40,000
40,000
Profit and loss account
8,648
6,413
Shareholders' funds
48,748
46,513
For the year ending 31 May 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 9 February 2024 and were signed on its behalf by
STEPHEN RICHARDSON
Director
Company Registration No. 10167982
SIMPLY FURNITURE LIMITED
Notes to the Accounts
for the year ended 31 May 2023
SIMPLY FURNITURE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10167982. The registered office is NEWSTET ROAD, KIRKBY INDUSTRIAL ESTATE, LIVERPOOL, L33 7TJ, 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.
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.
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 on a straight line method
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Intangible fixed assets
Goodwill
SIMPLY FURNITURE LIMITED
Notes to the Accounts
for the year ended 31 May 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
17,400
12,000
2,667
32,067
Additions
-
7,000
800
7,800
At 31 May 2023
17,400
19,000
3,467
39,867
At 1 June 2022
8,440
10,600
1,993
21,033
Charge for the year
1,740
2,800
797
5,337
At 31 May 2023
10,180
13,400
2,790
26,370
At 31 May 2023
7,220
5,600
677
13,497
At 31 May 2022
8,960
1,400
674
11,034
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
23,094
18,988
Taxes and social security
1,359
1,133
Loans from directors
10,200
13,200
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Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 10 (2022: 10).