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Registered Number: 06787763
England and Wales

 

 

 

ELITE FURNITURE DESIGNS LIMITED


Unaudited Filleted Financial Statements
 


Period of accounts

Start date: 01 February 2023

End date: 31 January 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 3,186    3,498 
3,186    3,498 
Current assets      
Cash at bank and in hand 2,018    2,115 
Creditors: amount falling due within one year 4 (38)   (21,778)
Net current assets 1,980    (19,663)
 
Total assets less current liabilities 5,166    (16,165)
Creditors: amount falling due after more than one year 5 (16,240)  
Net assets (11,074)   (16,165)
 

Capital and reserves
     
Called up share capital 6   100 
Profit and loss account (11,074)   (16,265)
Shareholders' funds (11,074)   (16,165)
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 04 September 2024 and were signed by:


-------------------------------
Andrew Mark Knox
Director
1
General Information
Elite Furniture Designs Limited is a private company, limited by shares, registered in England and Wales, registration number 06787763, registration address Barn Owl Cottage, Bradley Road, Burrough Green, New Market, CB8 9NG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 February 2023 2,070    7,100    4,931    2,746    16,847 
Additions        
Disposals        
At 31 January 2024 2,070    7,100    4,931    2,746    16,847 
Depreciation
At 01 February 2023 1,415    5,731    4,236    2,279    13,661 
Charge for year        
On disposals        
At 31 January 2024 1,415    5,731    4,236    2,279    13,661 
Net book values
Closing balance as at 31 January 2024 655    1,369    695    467    3,186 
Opening balance as at 01 February 2023 1,164    1,263    641    430    3,498 


4.

Creditors: amount falling due within one year

2024
£
  2023
£
Corporation Tax 38   
PAYE & Social Security   100 
Wages & Salaries Control Account   400 
Directors' Current Accounts   21,278 
38    21,778 

5.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Directors' Loan Accounts 16,240   
16,240   

6.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

2