ALL THINGS FURNITURE LIMITED

Company Registration Number:
NI608999 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

ALL THINGS FURNITURE LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Notes

ALL THINGS FURNITURE LIMITED

Balance sheet

As at 30 September 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 17,953 22,442
Total fixed assets: 17,953 22,442
Current assets
Stocks: 7,760 5,730
Debtors:   22,870 59,473
Cash at bank and in hand: 0 1,934
Total current assets: 30,630 67,137
Creditors: amounts falling due within one year:   (33,067) (101,627)
Net current assets (liabilities): (2,437) (34,490)
Total assets less current liabilities: 15,516 (12,048)
Creditors: amounts falling due after more than one year:   (20,374) (27,747)
Total net assets (liabilities): (4,858) (39,795)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (4,859) (39,796)
Shareholders funds: (4,858) (39,795)

The notes form part of these financial statements

ALL THINGS FURNITURE LIMITED

Balance sheet statements

For the year ending 30 September 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 08 March 2024
and signed on behalf of the board by:

Name: Donal McCarthy
Status: Director

The notes form part of these financial statements

ALL THINGS FURNITURE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible fixed assets and depreciation policy

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of the property, plant and equipment, less their estimated residual value, over their expected useful lives as follows Plant and machinery 20% reducing balanceFixtures and fittings 20% reducing balanceMotor vehicles 20% reducing balanceThe carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete or slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Other accounting policies

Going ConcernThe company remains insolvent at the balance sheet date, however the director has showed his willingness to continuing supporting the company financially over the next 12 months. For this reason the accounts have been prepared using the going concern principle.

ALL THINGS FURNITURE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

2. Employees

2023 2022
Average number of employees during the period 3 3

ALL THINGS FURNITURE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Tangible Assets

Total
Cost £
At 01 October 2022 49,926
At 30 September 2023 49,926
Depreciation
At 01 October 2022 27,484
Charge for year 4,489
At 30 September 2023 31,973
Net book value
At 30 September 2023 17,953
At 30 September 2022 22,442