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REGISTERED NUMBER: 08363054 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

A1 OFFICE FURNITURE LTD

A1 OFFICE FURNITURE LTD (REGISTERED NUMBER: 08363054)

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










Page

Balance sheet 1

Notes to the financial statements 3


A1 OFFICE FURNITURE LTD (REGISTERED NUMBER: 08363054)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 819 1,093

Current assets
Stocks 35,000 35,000
Debtors 5 20,760 18,161
Cash at bank and in hand 81,113 110,453
136,873 163,614
Creditors
Amounts falling due within one year 6 120,002 134,681
Net current assets 16,871 28,933
Total assets less current liabilities 17,690 30,026

Creditors
Amounts falling due after more than one year 7 (16,667 ) (26,667 )

Provisions for liabilities 8 (205 ) (208 )
Net assets 818 3,151

Capital and reserves
Called up share capital 9 1 1
Retained earnings 817 3,150
Shareholders' funds 818 3,151

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 directors acknowledge their 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.

A1 OFFICE FURNITURE LTD (REGISTERED NUMBER: 08363054)

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 Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by:





Mr A Mayer - Director


A1 OFFICE FURNITURE LTD (REGISTERED NUMBER: 08363054)

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


1. Statutory information

A1 Office Furniture Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08363054. The registered office is 7&8 Church Street, Wimborne, Dorset, BH21 1JH and business address is Unit 6, Northbrook Industrial Estate, Vincent Avenue, 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.

Turnover
Turnover represents income received from the retail of second hand office furniture net of VAT and trade discounts.

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

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.

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 2 (2022 - 2 ) .

A1 OFFICE FURNITURE LTD (REGISTERED NUMBER: 08363054)

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


4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 October 2022
and 30 September 2023 1,250 10,550 11,800
Depreciation
At 1 October 2022 1,156 9,551 10,707
Charge for year 24 250 274
At 30 September 2023 1,180 9,801 10,981
Net book value
At 30 September 2023 70 749 819
At 30 September 2022 94 999 1,093

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 20,760 18,161

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 28,181 20,194
Amounts owed to associates 29,000 25,000
Tax 11,109 15,202
VAT 9,435 14,631
Directors' current accounts 28,977 46,509
Accruals and deferred income 3,300 3,145
120,002 134,681

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 6,667 16,667
16,667 26,667

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 205 208

A1 OFFICE FURNITURE LTD (REGISTERED NUMBER: 08363054)

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


8. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 October 2022 208
Credit to Income statement during year (3 )
Balance at 30 September 2023 205

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1p 1 1

10. Ultimate controlling party

The company is controlled by the directors, who between them have control over 100% of the issued share capital.