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REGISTERED NUMBER: 04736733 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Keith Fearnley Furniture Limited

Keith Fearnley Furniture Limited (Registered number: 04736733)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Keith Fearnley Furniture Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: K Fearnley





SECRETARY: Miss C M Beadle





REGISTERED OFFICE: 9 High Street
Easington
East Yorkshire
HU12 0TS





REGISTERED NUMBER: 04736733 (England and Wales)






Keith Fearnley Furniture Limited (Registered number: 04736733)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,218 8,410

CURRENT ASSETS
Debtors 5 304 207
Cash at bank 47,370 76,499
47,674 76,706
CREDITORS
Amounts falling due within one year 6 4,592 36,936
NET CURRENT ASSETS 43,082 39,770
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,300

48,180

PROVISIONS FOR LIABILITIES 2,584 1,597
NET ASSETS 43,716 46,583

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 43,715 46,582
SHAREHOLDERS' FUNDS 43,716 46,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Keith Fearnley Furniture Limited (Registered number: 04736733)

Balance Sheet - continued
31 May 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 Profit and Loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 February 2024 and were signed by:





K Fearnley - Director


Keith Fearnley Furniture Limited (Registered number: 04736733)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Keith Fearnley Furniture Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Revenue Recognition
Revenue is recognised under an exchange transaction with a customer when, and to the extent that, the company receives a right to consideration from its performance.

Part completed contracts at the year-end that fulfil the criteria are included in these financial statements based on their fair value of the right to consideration at the balance sheet date.

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 etc - 33% on cost, 25% on cost and 15% on cost

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Keith Fearnley Furniture Limited (Registered number: 04736733)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 31,604
DEPRECIATION
At 1 June 2022 23,194
Charge for year 5,192
At 31 May 2023 28,386
NET BOOK VALUE
At 31 May 2023 3,218
At 31 May 2022 8,410

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 224 6
Prepayments and accrued income 80 201
304 207

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 192 180
Corporation tax 1,598 4,967
VAT 1,292 3,129
Directors' current accounts 550 27,770
Accrued expenses 960 890
4,592 36,936

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K Fearnley.