B Womack Furniture Limited 12767061 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is agents involved in the sale of furniture, household goods, hardware and ironmongery Digita Accounts Production Advanced 6.30.9574.0 true 12767061 2022-08-01 2023-07-31 12767061 2023-07-31 12767061 core:CurrentFinancialInstruments 2023-07-31 12767061 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 12767061 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 12767061 core:MotorVehicles 2023-07-31 12767061 core:PlantMachinery 2023-07-31 12767061 bus:SmallEntities 2022-08-01 2023-07-31 12767061 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 12767061 bus:FullAccounts 2022-08-01 2023-07-31 12767061 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12767061 bus:RegisteredOffice 2022-08-01 2023-07-31 12767061 bus:Director1 2022-08-01 2023-07-31 12767061 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12767061 core:FurnitureFittingsToolsEquipment 2022-08-01 2023-07-31 12767061 core:MotorVehicles 2022-08-01 2023-07-31 12767061 core:PlantMachinery 2022-08-01 2023-07-31 12767061 countries:AllCountries 2022-08-01 2023-07-31 12767061 2021-08-01 2022-07-31 12767061 2022-07-31 12767061 core:CurrentFinancialInstruments 2022-07-31 12767061 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 12767061 core:Non-currentFinancialInstruments core:AfterOneYear 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 12767061

B Womack Furniture Limited

Unaudited Financial Statements

for the Year Ended 31 July 2023

 

B Womack Furniture Limited

(Registration number: 12767061)

Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

59,944

-

Current assets

 

Debtors

4

56,319

52,628

Cash at bank and in hand

 

1,051

1,625

 

57,370

54,253

Creditors: Amounts falling due within one year

5

(50,251)

(53,921)

Net current assets

 

7,119

332

Total assets less current liabilities

 

67,063

332

Creditors: Amounts falling due after more than one year

5

(51,958)

-

Provisions for liabilities

(13,016)

-

Net assets

 

2,089

332

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

1,989

232

Shareholders' funds

 

2,089

332

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 23 April 2024
 

 

B Womack Furniture Limited

(Registration number: 12767061)

Balance Sheet as at 31 July 2023

.........................................

B Womack
Director

 

B Womack Furniture Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

Accounting policies

B Womack Furniture Limited is a private company, limited by shares, domiciled in England and Wales, company number 12767061. The registered office is at 5 Sidings Court, White Rose Way, Doncaster, South Yorkshire, DN4 5NU.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

B Womack Furniture Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% Reducing Balance

Motor Vehicles

25% Reducing Balance

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

B Womack Furniture Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

3

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost

Additions

850

60,024

60,874

At 31 July 2023

850

60,024

60,874

Depreciation

Charge for the year

213

717

930

At 31 July 2023

213

717

930

Carrying amount

At 31 July 2023

637

59,307

59,944

4

Debtors

2023
£

2022
£

Trade debtors

37,051

21,510

Loan

-

2,470

Prepayments

262

-

Other debtors

19,006

28,648

56,319

52,628

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Bank overdrafts

-

2,763

HP and finance lease liabilities

9,296

-

Trade creditors

-

2,772

Taxation and social security

36,610

42,622

Accruals and deferred income

4,345

5,764

50,251

53,921

 

B Womack Furniture Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Creditors: amounts falling due after more than one year

2023
£

2022
£

Due after one year

HP and finance lease liabilities

51,958

-

Hire purchase liabilities are secured on the assets concerned.