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REGISTERED NUMBER: 09352787 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LEICESTER OFFICE FURNISHERS LIMITED

LEICESTER OFFICE FURNISHERS LIMITED (REGISTERED NUMBER: 09352787)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEICESTER OFFICE FURNISHERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mrs S Leigh





REGISTERED OFFICE: Unit 8 Woodgate Centre
74 Bradgate Street
Leicester
Leicestershire
LE4 0AW





REGISTERED NUMBER: 09352787 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants
25 Station Road
Hinckley
Leicestershire
LE10 1AP

LEICESTER OFFICE FURNISHERS LIMITED (REGISTERED NUMBER: 09352787)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,539 5,004
Tangible assets 5 32,845 50,767
34,384 55,771

CURRENT ASSETS
Stocks 10,931 16,517
Debtors 6 166,246 112,538
Cash at bank and in hand 107,758 70,067
284,935 199,122
CREDITORS
Amounts falling due within one year 7 245,366 144,036
NET CURRENT ASSETS 39,569 55,086
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,953

110,857

CREDITORS
Amounts falling due after more than one
year

8

62,214

89,377
NET ASSETS 11,739 21,480

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings 11,649 21,390
SHAREHOLDERS' FUNDS 11,739 21,480

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

LEICESTER OFFICE FURNISHERS LIMITED (REGISTERED NUMBER: 09352787)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2024 and were signed by:





Mrs S Leigh - Director


LEICESTER OFFICE FURNISHERS LIMITED (REGISTERED NUMBER: 09352787)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Leicester Office Furnishers 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Website development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

LEICESTER OFFICE FURNISHERS LIMITED (REGISTERED NUMBER: 09352787)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Website
development
costs
£   
COST
At 1 January 2023
and 31 December 2023 21,634
AMORTISATION
At 1 January 2023 16,630
Amortisation for year 3,465
At 31 December 2023 20,095
NET BOOK VALUE
At 31 December 2023 1,539
At 31 December 2022 5,004

LEICESTER OFFICE FURNISHERS LIMITED (REGISTERED NUMBER: 09352787)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 15,412 76,175 1,914 93,501
DEPRECIATION
At 1 January 2023 12,330 29,031 1,373 42,734
Charge for year 3,082 14,569 271 17,922
At 31 December 2023 15,412 43,600 1,644 60,656
NET BOOK VALUE
At 31 December 2023 - 32,575 270 32,845
At 31 December 2022 3,082 47,144 541 50,767

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 68,180
DEPRECIATION
At 1 January 2023 21,036
Charge for year 14,569
At 31 December 2023 35,605
NET BOOK VALUE
At 31 December 2023 32,575
At 31 December 2022 47,144

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 131,554 52,897
Other debtors 34,692 59,641
166,246 112,538

LEICESTER OFFICE FURNISHERS LIMITED (REGISTERED NUMBER: 09352787)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 19,875 19,875
Hire purchase contracts 7,288 8,218
Trade creditors 178,734 59,384
Lloyds factoring funds reserve 4,483 32,925
Corporation tax 11,234 7,844
Social security and other taxes 1,521 2,113
Pension 413 502
VAT 17,310 7,904
Other creditors 566 1,529
Accrued expenses 3,942 3,742
245,366 144,036

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 19,875 19,890
Bank loans - 2-5 years 10,759 30,619
Hire purchase contracts 31,580 38,868
62,214 89,377