IRIS Accounts Production v24.1.0.578 08926184 director 1.10.22 30.9.23 30.9.23 false true false false false true false 'A' Ordinary 1.00000 'B' Ordinary 1.00000 'C' Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh089261842022-09-30089261842023-09-30089261842022-10-012023-09-30089261842021-09-30089261842021-10-012022-09-30089261842022-09-3008926184ns15:EnglandWales2022-10-012023-09-3008926184ns14:PoundSterling2022-10-012023-09-3008926184ns10:Director12022-10-012023-09-3008926184ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3008926184ns10:SmallEntities2022-10-012023-09-3008926184ns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3008926184ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3008926184ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3008926184ns10:FullAccounts2022-10-012023-09-300892618412022-10-012023-09-3008926184ns10:OrdinaryShareClass12022-10-012023-09-3008926184ns10:OrdinaryShareClass22022-10-012023-09-3008926184ns10:OrdinaryShareClass32022-10-012023-09-3008926184ns5:CurrentFinancialInstruments2023-09-3008926184ns5:CurrentFinancialInstruments2022-09-3008926184ns5:ShareCapital2023-09-3008926184ns5:ShareCapital2022-09-3008926184ns5:RetainedEarningsAccumulatedLosses2023-09-3008926184ns5:RetainedEarningsAccumulatedLosses2022-09-3008926184ns5:NetGoodwill2022-10-012023-09-3008926184ns5:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3008926184ns5:PlantMachinery2022-10-012023-09-3008926184ns5:FurnitureFittings2022-10-012023-09-3008926184ns5:MotorVehicles2022-10-012023-09-3008926184ns5:NetGoodwill2022-09-3008926184ns5:NetGoodwill2023-09-3008926184ns5:NetGoodwill2022-09-3008926184ns5:PlantMachinery2022-09-3008926184ns5:FurnitureFittings2022-09-3008926184ns5:MotorVehicles2022-09-3008926184ns5:PlantMachinery2023-09-3008926184ns5:FurnitureFittings2023-09-3008926184ns5:MotorVehicles2023-09-3008926184ns5:PlantMachinery2022-09-3008926184ns5:FurnitureFittings2022-09-3008926184ns5:MotorVehicles2022-09-3008926184ns5:RevaluationsIncreaseDecreaseInInvestments2023-09-3008926184ns5:CostValuation2023-09-3008926184ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3008926184ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3008926184ns5:DeferredTaxation2022-09-3008926184ns5:DeferredTaxation2022-10-012023-09-3008926184ns5:DeferredTaxation2023-09-3008926184ns10:OrdinaryShareClass12023-09-3008926184ns10:OrdinaryShareClass22023-09-3008926184ns10:OrdinaryShareClass32023-09-30
REGISTERED NUMBER: 08926184 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

KINGS OFFICE FURNITURE LIMITED

KINGS OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 08926184)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Balance sheet 1

Notes to the financial statements 3


KINGS OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 08926184)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 84,156 53,208
Investments 6 24,000 22,000
108,156 75,208

Current assets
Stocks 40,000 68,200
Debtors 7 160,442 240,479
Cash at bank 2,331,450 1,552,103
2,531,892 1,860,782
Creditors
Amounts falling due within one year 8 398,545 366,588
Net current assets 2,133,347 1,494,194
Total assets less current liabilities 2,241,503 1,569,402

Provisions for liabilities 9 19,680 11,644
Net assets 2,221,823 1,557,758

Capital and reserves
Called up share capital 10 120 120
Retained earnings 2,221,703 1,557,638
Shareholders' funds 2,221,823 1,557,758

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

KINGS OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 08926184)

BALANCE SHEET - continued
30 SEPTEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 April 2024 and were signed by:





Mr A Mayer - Director


KINGS OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 08926184)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. Statutory information

Kings Office Furniture Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08926184. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and the business address is Unit 6 Northbrook Industrial Estate, Vincent Avenue, Hollybrook, Southampton, Hampshire, SO16 6PB.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the fair value of the consideration receivable, excluding discounts, rebates, VAT and other sales taxes for goods and services provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, has been amortised over its expected useful economic life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in associates
Investments in associate undertakings are included at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

KINGS OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 08926184)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 10 (2022 - 10 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 October 2022
and 30 September 2023 25,000
Amortisation
At 1 October 2022
and 30 September 2023 25,000
Net book value
At 30 September 2023 -
At 30 September 2022 -

5. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 October 2022 7,964 45,786 72,372 126,122
Additions 1,225 - 58,084 59,309
Disposals - - (18,420 ) (18,420 )
At 30 September 2023 9,189 45,786 112,036 167,011
Depreciation
At 1 October 2022 2,788 29,921 40,205 72,914
Charge for year 960 2,380 21,743 25,083
Eliminated on disposal - - (15,142 ) (15,142 )
At 30 September 2023 3,748 32,301 46,806 82,855
Net book value
At 30 September 2023 5,441 13,485 65,230 84,156
At 30 September 2022 5,176 15,865 32,167 53,208

KINGS OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 08926184)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


6. Fixed asset investments
Interest
in
associate
£   
Cost or valuation
At 1 October 2022 22,000
Revaluations 2,000
At 30 September 2023 24,000
Net book value
At 30 September 2023 24,000
At 30 September 2022 22,000

Cost or valuation at 30 September 2023 is represented by:

Interest
in
associate
£   
Valuation in 2023 2,000
Cost 22,000
24,000

7. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 126,168 203,049
Amounts owed by associates 29,000 25,000
Other debtors - 5,918
Prepayments & accrued income 5,274 6,512
160,442 240,479

8. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 83,570 84,139
Tax 201,302 118,801
Social security and other taxes 4,317 4,025
Pensions creditor 157 116
VAT 85,489 74,295
Other creditors - 11,168
Directors' current accounts 18,470 69,054
Accruals and deferred income 5,240 4,990
398,545 366,588

9. Provisions for liabilities
2023 2022
£    £   
Deferred tax 19,680 11,644

KINGS OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 08926184)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


9. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 October 2022 11,644
Charge to Income statement during year 8,036
Balance at 30 September 2023 19,680

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 'A' Ordinary £1 100 100
10 'B' Ordinary £1 10 10
10 'C' Ordinary £1 10 10
120 120

11. Ultimate controlling party

The company is controlled by the director, Mr A Mayer, by virtue of his 51% ownership of the issued voting share capital.