2023-04-012024-03-312024-03-31false04928098NICK HUDSON FINE FURNITURE 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NICK HUDSON FINE FURNITURE LIMITED

Registered Number
04928098
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

NICK HUDSON FINE FURNITURE LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

HUDSON, Nick David

Company Secretary

HUDSON, Julia

Registered Address

Unit 9 Worton Hall Industrial Estate
Worton Road
Isleworth
TW7 6ER

Registered Number

04928098 (England and Wales)
NICK HUDSON FINE FURNITURE LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets461,10348,537
61,10348,537
Current assets
Debtors133,73251,826
Cash at bank and on hand196,790226,721
330,522278,547
Creditors amounts falling due within one year(169,081)(88,837)
Net current assets (liabilities)161,441189,710
Total assets less current liabilities222,544238,247
Net assets222,544238,247
Capital and reserves
Called up share capital1,0081,008
Profit and loss account221,536237,239
Shareholders' funds222,544238,247
The financial statements were approved and authorised for issue by the Director on 24 September 2024, and are signed on its behalf by:
HUDSON, Nick David
Director
Registered Company No. 04928098
NICK HUDSON FINE FURNITURE LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery10
Vehicles4
Office Equipment4
2.Average number of employees

20242023
Average number of employees during the year89
3.Intangible assets

Total

£
Cost or valuation
At 01 April 2330,000
At 31 March 2430,000
Amortisation and impairment
At 01 April 2330,000
At 31 March 2430,000
Net book value
At 31 March 24-
At 31 March 23-
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 23308,629
Additions24,727
Disposals(6,705)
At 31 March 24326,651
Depreciation and impairment
At 01 April 23260,091
Charge for year12,159
On disposals(6,702)
At 31 March 24265,549
Net book value
At 31 March 2461,103
At 31 March 2348,537