2023-01-012023-12-312023-12-31false10530763LEATHER CENTRE FURNITURE LTD2024-04-1615110iso4217:GBPxbrli:pure105307632023-01-01105307632023-12-31105307632023-01-012023-12-31105307632022-01-01105307632022-12-31105307632022-01-012022-12-3110530763bus:SmallEntities2023-01-012023-12-3110530763bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3110530763bus:FullAccounts2023-01-012023-12-3110530763bus:PrivateLimitedCompanyLtd2023-01-012023-12-3110530763core:WithinOneYear2023-12-3110530763core:AfterOneYear2023-12-3110530763core:WithinOneYear2022-12-3110530763core:AfterOneYear2022-12-3110530763core:ShareCapital2023-12-3110530763core:SharePremium2023-12-3110530763core:RevaluationReserve2023-12-3110530763core:OtherReservesSubtotal2023-12-3110530763core:RetainedEarningsAccumulatedLosses2023-12-3110530763core:ShareCapital2022-12-3110530763core:SharePremium2022-12-3110530763core:RevaluationReserve2022-12-3110530763core:OtherReservesSubtotal2022-12-3110530763core:RetainedEarningsAccumulatedLosses2022-12-3110530763core:LandBuildings2023-12-3110530763core:PlantMachinery2023-12-3110530763core:Vehicles2023-12-3110530763core:FurnitureFittings2023-12-3110530763core:OfficeEquipment2023-12-3110530763core:NetGoodwill2023-12-3110530763core:IntangibleAssetsOtherThanGoodwill2023-12-3110530763core:ListedExchangeTraded2023-12-3110530763core:UnlistedNon-exchangeTraded2023-12-3110530763core:LandBuildings2022-12-3110530763core:PlantMachinery2022-12-3110530763core:Vehicles2022-12-3110530763core:FurnitureFittings2022-12-3110530763core:OfficeEquipment2022-12-3110530763core:NetGoodwill2022-12-3110530763core:IntangibleAssetsOtherThanGoodwill2022-12-3110530763core:ListedExchangeTraded2022-12-3110530763core:UnlistedNon-exchangeTraded2022-12-3110530763core:LandBuildings2023-01-012023-12-3110530763core:PlantMachinery2023-01-012023-12-3110530763core:Vehicles2023-01-012023-12-3110530763core:FurnitureFittings2023-01-012023-12-3110530763core:OfficeEquipment2023-01-012023-12-3110530763core:NetGoodwill2023-01-012023-12-3110530763core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3110530763core:ListedExchangeTraded2023-01-012023-12-3110530763core:UnlistedNon-exchangeTraded2023-01-012023-12-3110530763core:MoreThanFiveYears2023-01-012023-12-3110530763core:Non-currentFinancialInstruments2023-12-3110530763core:Non-currentFinancialInstruments2022-12-3110530763dpl:CostSales2023-01-012023-12-3110530763dpl:DistributionCosts2023-01-012023-12-3110530763core:LandBuildings2023-01-012023-12-3110530763core:PlantMachinery2023-01-012023-12-3110530763core:Vehicles2023-01-012023-12-3110530763core:FurnitureFittings2023-01-012023-12-3110530763core:OfficeEquipment2023-01-012023-12-3110530763dpl:AdministrativeExpenses2023-01-012023-12-3110530763core:NetGoodwill2023-01-012023-12-3110530763core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3110530763dpl:GroupUndertakings2023-01-012023-12-3110530763dpl:ParticipatingInterests2023-01-012023-12-3110530763dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3110530763core:ListedExchangeTraded2023-01-012023-12-3110530763dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3110530763core:UnlistedNon-exchangeTraded2023-01-012023-12-3110530763dpl:CostSales2022-01-012022-12-3110530763dpl:DistributionCosts2022-01-012022-12-3110530763core:LandBuildings2022-01-012022-12-3110530763core:PlantMachinery2022-01-012022-12-3110530763core:Vehicles2022-01-012022-12-3110530763core:FurnitureFittings2022-01-012022-12-3110530763core:OfficeEquipment2022-01-012022-12-3110530763dpl:AdministrativeExpenses2022-01-012022-12-3110530763core:NetGoodwill2022-01-012022-12-3110530763core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3110530763dpl:GroupUndertakings2022-01-012022-12-3110530763dpl:ParticipatingInterests2022-01-012022-12-3110530763dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3110530763core:ListedExchangeTraded2022-01-012022-12-3110530763dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3110530763core:UnlistedNon-exchangeTraded2022-01-012022-12-3110530763core:NetGoodwill2023-12-3110530763core:IntangibleAssetsOtherThanGoodwill2023-12-3110530763core:LandBuildings2023-12-3110530763core:PlantMachinery2023-12-3110530763core:Vehicles2023-12-3110530763core:FurnitureFittings2023-12-3110530763core:OfficeEquipment2023-12-3110530763core:AfterOneYear2023-12-3110530763core:WithinOneYear2023-12-3110530763core:ListedExchangeTraded2023-12-3110530763core:UnlistedNon-exchangeTraded2023-12-3110530763core:ShareCapital2023-12-3110530763core:SharePremium2023-12-3110530763core:RevaluationReserve2023-12-3110530763core:OtherReservesSubtotal2023-12-3110530763core:RetainedEarningsAccumulatedLosses2023-12-3110530763core:NetGoodwill2022-12-3110530763core:IntangibleAssetsOtherThanGoodwill2022-12-3110530763core:LandBuildings2022-12-3110530763core:PlantMachinery2022-12-3110530763core:Vehicles2022-12-3110530763core:FurnitureFittings2022-12-3110530763core:OfficeEquipment2022-12-3110530763core:AfterOneYear2022-12-3110530763core:WithinOneYear2022-12-3110530763core:ListedExc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LEATHER CENTRE FURNITURE LTD

Registered Number
10530763
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

LEATHER CENTRE FURNITURE LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

PACYNA, Pawel

Registered Address

20 Olive Crescent
Chadderton
Oldham
OL9 7FG

Registered Number

10530763 (England and Wales)
LEATHER CENTRE FURNITURE LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets321,50524,890
21,50524,890
Current assets
Debtors10,59010,446
Cash at bank and on hand40,34940,227
50,93950,673
Creditors amounts falling due within one year4(52,982)(18,813)
Net current assets (liabilities)(2,043)31,860
Total assets less current liabilities19,46256,750
Creditors amounts falling due after one year5(18,432)(38,336)
Net assets1,03018,414
Capital and reserves
Called up share capital1010
Profit and loss account1,02018,404
Shareholders' funds1,03018,414
The financial statements were approved and authorised for issue by the Director on 16 April 2024, and are signed on its behalf by:
PACYNA, Pawel
Director
Registered Company No. 10530763
LEATHER CENTRE FURNITURE LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 January 2323,50212,0001,61237,114
Additions905--905
Disposals--(164)(164)
At 31 December 2324,40712,0001,44837,855
Depreciation and impairment
At 01 January 234,9465,9011,37712,224
Charge for year2,4031,6991874,289
On disposals--(163)(163)
At 31 December 237,3497,6001,40116,350
Net book value
At 31 December 2317,0584,4004721,505
At 31 December 2218,5566,09923524,890
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables741420
Bank borrowings and overdrafts46,99617,091
Taxation and social security5,2371,294
Accrued liabilities and deferred income88
Total52,98218,813
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts18,43238,336
Total18,43238,336