STEEL MAGNOLIAS FURNITURE LIMITED

Company Registration Number:
08095145 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

STEEL MAGNOLIAS FURNITURE LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

STEEL MAGNOLIAS FURNITURE LIMITED

Company Information

for the Period Ended 30 June 2023




Director: Susan Pinder
Registered office: 52
Whyke Lane
Chichester
West Sussex
PO19 7UT
Company Registration Number: 08095145 (England and Wales)

STEEL MAGNOLIAS FURNITURE LIMITED

Balance sheet

As at 30 June 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 1,244 1,865
Total fixed assets: 1,244 1,865
Current assets
Stocks: 12,168 34,881
Debtors: 0 78
Cash at bank and in hand: 8,270 5,669
Total current assets: 20,438 40,628
Prepayments and accrued income: 2,231 3,678
Creditors: amounts falling due within one year: ( 0 ) ( 0 )
Net current assets (liabilities): 22,669 44,306
Total assets less current liabilities: 23,913 46,171
Creditors: amounts falling due after more than one year: ( 0 ) ( 0 )
Provision for liabilities: ( 389 ) ( 1,970 )
Total net assets (liabilities): 23,524 44,201

The notes form part of these financial statements

STEEL MAGNOLIAS FURNITURE LIMITED

Balance sheet continued

As at 30 June 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 28,500 28,500
Profit and loss account: ( 4,976 ) 15,701
Shareholders funds: 23,524 44,201

For the year ending 30 June 2023 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 29 March 2024
And Signed On Behalf Of The Board By:

Name: Susan Pinder
Status: Director

The notes form part of these financial statements

STEEL MAGNOLIAS FURNITURE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 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

STEEL MAGNOLIAS FURNITURE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

STEEL MAGNOLIAS FURNITURE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 3. Off balance sheet disclosure

    No

STEEL MAGNOLIAS FURNITURE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Tangible Assets

Total
Cost £
At 01 July 2022 1,865
Additions 0
Disposals (0)
Revaluations 0
Transfers 0
At 30 June 2023 1,865
Depreciation
At 01 July 2022 0
Charge for year 621
On disposals (0)
Other adjustments 0
At 30 June 2023 621
Net book value
At 30 June 2023 1,244
At 30 June 2022 1,865