SC FURNITURE LIMITED

Company Registration Number:
05612254 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

SC FURNITURE LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

SC FURNITURE LIMITED

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 16,595 20,988
Total fixed assets: 16,595 20,988
Current assets
Stocks: 389,574 302,044
Debtors:   482,085 399,029
Cash at bank and in hand: 94,043 193,180
Total current assets: 965,702 894,253
Creditors: amounts falling due within one year:   (179,517) (204,195)
Net current assets (liabilities): 786,185 690,058
Total assets less current liabilities: 802,780 711,046
Creditors: amounts falling due after more than one year:   (12,667) (20,667)
Provision for liabilities: (2,465) (3,440)
Total net assets (liabilities): 787,648 686,939
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 787,647 686,938
Shareholders funds: 787,648 686,939

The notes form part of these financial statements

SC FURNITURE LIMITED

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 August 2024
and signed on behalf of the board by:

Name: S Chadwick
Status: Director

The notes form part of these financial statements

SC FURNITURE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents amounts receivable for goods and services, excluding.

Tangible fixed assets and depreciation policy

Depreciation is provided on a reducing balance basis to write off each asset over its estimated useful life at the following annual rates: Expenditure on leasehold property - 10% Plant and equipment - 25% Motor vehicles - 25%

Valuation and information policy

Stocks 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. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies

Taxation represents the sum of tax currently payable and deferred tax, Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

SC FURNITURE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 9 8

SC FURNITURE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 85,764
Additions 1,057
At 30 November 2023 86,821
Depreciation
At 01 December 2022 64,776
Charge for year 5,450
At 30 November 2023 70,226
Net book value
At 30 November 2023 16,595
At 30 November 2022 20,988