Company Registration No. 06737895 (England and Wales)
Top Drawer Fitted Furniture Limited
Unaudited accounts
for the year ended 31 October 2023
Top Drawer Fitted Furniture Limited
Unaudited accounts
Contents
Top Drawer Fitted Furniture Limited
Company Information
for the year ended 31 October 2023
Directors
Christopher Lackenby
Matthew Reeve
Company Number
06737895 (England and Wales)
Registered Office
14 CORNHILL AVENUE
GOSFORTH
NEWCASTLE UPON TYNE
NE3 2ST
Accountants
Hall Accountancy Ltd
7-8 Delta Bank Road
Metro Riverside Park
Gateshead
Tyne & Wear
NE11 9DJ
Top Drawer Fitted Furniture Limited
Accountants' report
Accountants' report to the board of directors of Top Drawer Fitted Furniture Limited on the preparation of the unaudited statutory accounts for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Top Drawer Fitted Furniture Limited for the year ended
31 October 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Top Drawer Fitted Furniture Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Top Drawer Fitted Furniture Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Top Drawer Fitted Furniture Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Top Drawer Fitted Furniture Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Top Drawer Fitted Furniture Limited. You consider that Top Drawer Fitted Furniture Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Top Drawer Fitted Furniture Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Hall Accountancy Ltd
7-8 Delta Bank Road
Metro Riverside Park
Gateshead
Tyne & Wear
NE11 9DJ
31 July 2024
Top Drawer Fitted Furniture Limited
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
86,184
72,260
Creditors: amounts falling due within one year
(50,792)
(68,527)
Net current assets
35,392
3,733
Called up share capital
126,000
126,000
Profit and loss account
(90,608)
(122,267)
Shareholders' funds
35,392
3,733
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
Christopher Lackenby
Director
Company Registration No. 06737895
Top Drawer Fitted Furniture Limited
Notes to the Accounts
for the year ended 31 October 2023
Top Drawer Fitted Furniture Limited is a private company, limited by shares, registered in England and Wales, registration number 06737895. The registered office is 14 CORNHILL AVENUE, GOSFORTH, NEWCASTLE UPON TYNE, NE3 2ST.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill
At 1 November 2022
100,000
At 31 October 2023
100,000
At 1 November 2022
100,000
At 31 October 2023
100,000
Top Drawer Fitted Furniture Limited
Notes to the Accounts
for the year ended 31 October 2023
5
Tangible fixed assets
Plant & machinery
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
16,571
19,267
Loans from directors
34,221
49,260
Allotted, called up and fully paid:
6,000 Ordinary shares of £1 each
6,000
6,000
120,000 6% Preference Shares of £1 each
120,000
120,000
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).