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REGISTERED NUMBER: 02519500 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

FURNITURE DIRECT (HIGH WYCOMBE) LIMITED

FURNITURE DIRECT (HIGH WYCOMBE) LIMITED (REGISTERED NUMBER: 02519500)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FURNITURE DIRECT (HIGH WYCOMBE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: M J Hawkins
Mrs M J Hawkins





SECRETARY: Mrs A Hawkins





REGISTERED OFFICE: Riverside Business Centre
Victoria Street
High Wycombe
Buckinghamshire





REGISTERED NUMBER: 02519500 (England and Wales)





ACCOUNTANTS: Whitakers
Chartered Accountants
Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD

FURNITURE DIRECT (HIGH WYCOMBE) LIMITED (REGISTERED NUMBER: 02519500)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,432 86,874

CURRENT ASSETS
Stocks 65,019 66,380
Debtors 5 115 3,756
Investments 6 948 948
Cash at bank and in hand 211,747 196,933
277,829 268,017
CREDITORS
Amounts falling due within one year 7 160,665 133,041
NET CURRENT ASSETS 117,164 134,976
TOTAL ASSETS LESS CURRENT
LIABILITIES

203,596

221,850

PROVISIONS FOR LIABILITIES 476 560
NET ASSETS 203,120 221,290

CAPITAL AND RESERVES
Called up share capital 27,700 27,700
Retained earnings 175,420 193,590
SHAREHOLDERS' FUNDS 203,120 221,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

FURNITURE DIRECT (HIGH WYCOMBE) LIMITED (REGISTERED NUMBER: 02519500)

BALANCE SHEET - continued
31 JANUARY 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 12 July 2024 and were signed on its behalf by:




M J Hawkins - Director



Mrs M J Hawkins - Director


FURNITURE DIRECT (HIGH WYCOMBE) LIMITED (REGISTERED NUMBER: 02519500)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Furniture Direct (High Wycombe) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Stocks
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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

FURNITURE DIRECT (HIGH WYCOMBE) LIMITED (REGISTERED NUMBER: 02519500)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 83,926 66,147 150,073
DEPRECIATION
At 1 February 2023 - 63,199 63,199
Charge for year - 442 442
At 31 January 2024 - 63,641 63,641
NET BOOK VALUE
At 31 January 2024 83,926 2,506 86,432
At 31 January 2023 83,926 2,948 86,874

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors - 3,500
Prepayments and accrued income 115 256
115 3,756

6. CURRENT ASSET INVESTMENTS
31.1.24 31.1.23
£    £   
Investments 948 948

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 7,511 5,762
Tax 2,859 7,769
Social security and other taxes 8,555 8,470
Other creditors 888 887
Directors' loan accounts 130,271 100,668
Accruals and deferred income 10,581 9,485
160,665 133,041

8. RELATED PARTY DISCLOSURES

During the year, the company was controlled by it's directors, Mr & Mrs M J Hawkins, by virtue of the fact that between them and their immediate family, they own one hundred percent of the company's ordinary issued share capital.