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Company Registration No. 12721262 (England and Wales)
QUALITY AND PRICE FURNITURE LTD Unaudited accounts for the year ended 31 July 2023
QUALITY AND PRICE FURNITURE LTD Unaudited accounts Contents
Page
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QUALITY AND PRICE FURNITURE LTD Company Information for the year ended 31 July 2023
Director
Dilshad Jalal Karim
Company Number
12721262 (England and Wales)
Registered Office
UNIT 3D RYAN BUSINESS PARK RADFORD ROAD NOTTINGHAM NG7 7DH United Kingdom
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QUALITY AND PRICE FURNITURE LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
225 
- 
Current assets
Inventories
32,000 
42,000 
Cash at bank and in hand
180 
3,162 
32,180 
45,162 
Creditors: amounts falling due within one year
(10,711)
(59,430)
Net current assets/(liabilities)
21,469 
(14,268)
Total assets less current liabilities
21,694 
(14,268)
Creditors: amounts falling due after more than one year
(50,000)
- 
Net liabilities
(28,306)
(14,268)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(28,308)
(14,270)
Shareholders' funds
(28,306)
(14,268)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 February 2024 and were signed on its behalf by
Dilshad Jalal Karim Director Company Registration No. 12721262
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QUALITY AND PRICE FURNITURE LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
QUALITY AND PRICE FURNITURE LTD is a private company, limited by shares, registered in England and Wales, registration number 12721262. The registered office is UNIT 3D RYAN BUSINESS PARK, RADFORD ROAD, NOTTINGHAM, NG7 7DH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
18%
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2022
- 
Additions
335 
At 31 July 2023
335 
Depreciation
Charge for the year
110 
At 31 July 2023
110 
Net book value
At 31 July 2023
225 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
10,711 
9,430 
Loans from directors
- 
50,000 
10,711 
59,430 
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QUALITY AND PRICE FURNITURE LTD Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
50,000 
- 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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