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REGISTERED NUMBER: 04122140 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

YOU'RE FURNISHED LIMITED

YOU'RE FURNISHED LIMITED (REGISTERED NUMBER: 04122140)






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


YOU'RE FURNISHED LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 December 2023







DIRECTORS: Mrs R Fogel
C L Fogel
K S Kennedy





SECRETARY: C L Fogel





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: 04122140 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

YOU'RE FURNISHED LIMITED (REGISTERED NUMBER: 04122140)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,753 27,550

CURRENT ASSETS
Stocks 2,163,464 2,951,962
Debtors 5 717,948 645,691
Cash at bank 147,807 240,751
3,029,219 3,838,404
CREDITORS
Amounts falling due within one year 6 781,634 1,436,180
NET CURRENT ASSETS 2,247,585 2,402,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,268,338

2,429,774

CREDITORS
Amounts falling due after more than one
year

7

322,757

449,648
NET ASSETS 1,945,581 1,980,126

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,945,579 1,980,124
SHAREHOLDERS' FUNDS 1,945,581 1,980,126

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 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.

YOU'RE FURNISHED LIMITED (REGISTERED NUMBER: 04122140)

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 Board of Directors and authorised for issue on 29 April 2024 and were signed on its behalf by:





C L Fogel - Director


YOU'RE FURNISHED LIMITED (REGISTERED NUMBER: 04122140)

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

1. STATUTORY INFORMATION

YOU'RE FURNISHED 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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

YOU'RE FURNISHED LIMITED (REGISTERED NUMBER: 04122140)

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.

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 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 41,723 202,685 42,514 12,481 299,403
Additions - - - 700 700
Disposals - - (18,264 ) - (18,264 )
At 31 December 2023 41,723 202,685 24,250 13,181 281,839
DEPRECIATION
At 1 January 2023 36,600 182,177 41,792 11,284 271,853
Charge for year 1,281 5,127 181 474 7,063
Eliminated on disposal - - (17,830 ) - (17,830 )
At 31 December 2023 37,881 187,304 24,143 11,758 261,086
NET BOOK VALUE
At 31 December 2023 3,842 15,381 107 1,423 20,753
At 31 December 2022 5,123 20,508 722 1,197 27,550

YOU'RE FURNISHED LIMITED (REGISTERED NUMBER: 04122140)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 18,264
Disposals (18,264 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 17,685
Charge for year 145
Eliminated on disposal (17,830 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 579

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 592,760 467,428
Other debtors 125,188 178,263
717,948 645,691

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 146,441 140,148
Trade creditors 10,030 271,638
Taxation and social security 216,355 304,504
Other creditors 408,808 719,890
781,634 1,436,180

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 322,757 441,950
Other creditors - 7,698
322,757 449,648

YOU'RE FURNISHED LIMITED (REGISTERED NUMBER: 04122140)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 469,198 582,098