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REGISTERED NUMBER: 03978892 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 30th April 2024

for

A50 Office Furniture Limited

A50 Office Furniture Limited (Registered number: 03978892)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A50 Office Furniture Limited

Company Information
for the Year Ended 30th April 2024







DIRECTORS: C W Draycott
L Draycott





SECRETARY: C W Draycott





REGISTERED OFFICE: 14a Market Place
Uttoxeter
Staffordshire
ST14 8HP





REGISTERED NUMBER: 03978892 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

A50 Office Furniture Limited (Registered number: 03978892)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 59,520 93,115

CURRENT ASSETS
Stocks 37,569 38,160
Debtors 5 82,210 70,129
Cash at bank 91,300 122,635
211,079 230,924
CREDITORS
Amounts falling due within one year 6 89,311 77,729
NET CURRENT ASSETS 121,768 153,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,288

246,310

CREDITORS
Amounts falling due after more than one
year

7

(34,111

)

(71,853

)

PROVISIONS FOR LIABILITIES (11,662 ) (16,534 )
NET ASSETS 135,515 157,923

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 135,511 157,919
SHAREHOLDERS' FUNDS 135,515 157,923

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 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.

A50 Office Furniture Limited (Registered number: 03978892)

Balance Sheet - continued
30th April 2024


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 6th September 2024 and were signed on its behalf by:





L Draycott - Director


A50 Office Furniture Limited (Registered number: 03978892)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

A50 Office Furniture 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 comprises the value of sales ( excluding VAT, similar taxes and trade discounts) of goods and services provided in the normal course of business. Revenue is recognised when goods are delivered and hence is the point at which risk and rewards of ownership pass to the buyer. Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to leasehold property - 1% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 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.


A50 Office Furniture Limited (Registered number: 03978892)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

2. ACCOUNTING POLICIES - continued
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 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Fixtures
leasehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st May 2023 7,265 19,873 5,000
Additions - 200 -
Disposals - (3,500 ) -
At 30th April 2024 7,265 16,573 5,000
DEPRECIATION
At 1st May 2023 1,169 16,670 5,000
Charge for year 72 317 -
Eliminated on disposal - (1,005 ) -
At 30th April 2024 1,241 15,982 5,000
NET BOOK VALUE
At 30th April 2024 6,024 591 -
At 30th April 2023 6,096 3,203 -

A50 Office Furniture Limited (Registered number: 03978892)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st May 2023 133,915 13,338 179,391
Additions - 380 580
Disposals (20,545 ) - (24,045 )
At 30th April 2024 113,370 13,718 155,926
DEPRECIATION
At 1st May 2023 50,820 12,617 86,276
Charge for year 18,309 638 19,336
Eliminated on disposal (8,201 ) - (9,206 )
At 30th April 2024 60,928 13,255 96,406
NET BOOK VALUE
At 30th April 2024 52,442 463 59,520
At 30th April 2023 83,095 721 93,115


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 45,961 37,248
Other debtors 36,249 32,881
82,210 70,129

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 37,741 34,538
Trade creditors 20,448 25,197
Taxation and social security 19,347 15,666
Other creditors 11,775 2,328
89,311 77,729

A50 Office Furniture Limited (Registered number: 03978892)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 34,111 71,853