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REGISTERED NUMBER: 07317574 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Efurn Limited

Efurn Limited (Registered number: 07317574)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Efurn Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M Heslop





REGISTERED OFFICE: Unit 14
Cherry Way
Dubmire Industrial Estate
Houghton-le-Spring
Tyne and Wear
DH4 5RJ





REGISTERED NUMBER: 07317574 (England and Wales)





ACCOUNTANTS: John Scrivens
11 Sunderland Street
Houghton-le-Spring
Tyne and Wear
DH4 4BD

Efurn Limited (Registered number: 07317574)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3 3
Tangible assets 5 7,706 17,256
7,709 17,259

CURRENT ASSETS
Stocks 222,885 72,338
Debtors 6 86,848 157,094
Prepayments and accrued income 7,314 24,859
Cash at bank and in hand 160,176 211,410
477,223 465,701
CREDITORS
Amounts falling due within one year 7 137,788 164,317
NET CURRENT ASSETS 339,435 301,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

347,144

318,643

PROVISIONS FOR LIABILITIES 1,353 3,279
NET ASSETS 345,791 315,364

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 345,691 315,264
SHAREHOLDERS' FUNDS 345,791 315,364

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 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.

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 29 July 2024 and were signed by:





M Heslop - Director


Efurn Limited (Registered number: 07317574)

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

1. STATUTORY INFORMATION

Efurn 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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.

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

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.

Hire purchase and leasing commitments
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 3 (2022 - 3 ) .

Efurn Limited (Registered number: 07317574)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 5,417
AMORTISATION
At 1 January 2023
and 31 December 2023 5,414
NET BOOK VALUE
At 31 December 2023 3
At 31 December 2022 3

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 40,787
DEPRECIATION
At 1 January 2023 23,531
Charge for year 9,550
At 31 December 2023 33,081
NET BOOK VALUE
At 31 December 2023 7,706
At 31 December 2022 17,256

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 6,848 27,074
Other debtors 80,000 130,020
86,848 157,094

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 73,232 105,900
Taxation and social security 17,387 18,587
Other creditors 47,169 39,830
137,788 164,317

Efurn Limited (Registered number: 07317574)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2023 and the period ended 31 December 2022:

31.12.23 31.12.22
£    £   
M Heslop
Balance outstanding at start of year 130,000 -
Amounts advanced 80,000 130,000
Amounts repaid (130,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 80,000 130,000