2023-03-01 07465913 2024-02-28 07465913 2023-03-01 2024-02-28 07465913 2023-02-28 07465913 2022-03-01 2023-02-28 07465913 uk-core:WithinOneYear 2023-02-28 07465913 uk-core:WithinOneYear 2024-02-28 07465913 uk-core:AfterOneYear 2023-02-28 07465913 uk-core:AfterOneYear 2024-02-28 07465913 uk-core:ShareCapital 2024-02-28 07465913 uk-core:ShareCapital 2023-02-28 07465913 uk-core:SharePremium 2024-02-28 07465913 uk-core:SharePremium 2023-02-28 07465913 uk-core:RetainedEarningsAccumulatedLosses 2024-02-28 07465913 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 07465913 uk-bus:Director1 2023-03-01 2024-02-28 07465913 uk-core:LeaseholdImprovements 2023-03-01 2024-02-28 07465913 uk-core:ComputerEquipment 2023-03-01 2024-02-28 07465913 uk-core:CommercialMotorVehicles 2023-03-01 2024-02-28 07465913 uk-core:FurnitureFittings 2023-03-01 2024-02-28 07465913 uk-core:ComputerEquipment 2023-02-28 07465913 uk-core:FurnitureFittings 2023-02-28 07465913 uk-core:LeaseholdImprovements 2023-02-28 07465913 uk-core:LeaseholdImprovements 2024-02-28 07465913 uk-core:FurnitureFittings 2024-02-28 07465913 uk-core:ComputerEquipment 2024-02-28 iso4217:GBP xbrli:pure 07465913 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 07465913 uk-bus:FRS102 2023-03-01 2024-02-28 07465913 uk-bus:FilletedAccounts 2023-03-01 2024-02-28 07465913 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28
Academy Furniture Hire Limited
Registered Number:07465913
For the year ended 28 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2024
Academy Furniture Hire Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07465913
As at 28 February 2024
Academy Furniture Hire Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
47,915
75,529
2
47,915
75,529
Current assets
Trade and other receivables
54,879
41,648
3
15,364
Cash and cash equivalents
26,664
68,312
70,243
Trade and other payables: amounts falling due within one
year
(34,456)
(48,615)
4
35,787
19,697
Net current assets
Total assets less current liabilities
67,612
111,316
Trade and other payables: amounts falling due after more
than one year
(36,724)
(7,820)
5
59,792
Net assets
74,592
Capital and reserves
Called up share capital
124
124
Share premium account
17,600
17,600
Retained earnings
42,068
56,868
59,792
74,592
Shareholders' funds
For the year ended 28 February 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
C Boot Director
These financial statements were approved and authorised for issue by the Board on 12 August 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 28 February 2024
Academy Furniture Hire Limited
Notes to the Financial Statements
Statutory Information
Academy Furniture Hire Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07465913.
Principal place of business:
Unit 3
Ellesfield Trade Centre
Bracknell
Berkshire Surrey
RG12 8HH
Registered address:
Forest Lodge
Forest Road
Pyrford
Surrey
GU22 8NA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Leasehold Improvements
20 % Straight line
25 % Straight line
Equipment
25 % Straight line
Motor vehicles
25 % Straight line
Furniture Stock
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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5
For the year ended 28 February 2024
Academy Furniture Hire Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Equipment
Furniture
Stock
Leasehold
Improvements
£
£
£
£
Cost or
valuation
At 01 March 2023
152,792
53,544
92,623
6,625
4,374
470
3,904
-
Additions
-
(10,001)
-
Disposals
(10,001)
At 28 February 2024
6,625
86,526
54,014
147,165
Provision for depreciation and impairment
At 01 March 2023
77,263
37,503
37,110
2,650
Charge for year
26,987
8,021
17,641
1,325
(5,000)
-
(5,000)
-
On disposal
At 28 February 2024
99,250
45,524
49,751
3,975
At 28 February 2024
Net book value
2,650
36,775
8,490
47,915
At 28 February 2023
3,975
55,513
16,041
75,529
3. Trade and other receivables
2023
2024
£
£
Trade debtors
3,633
16,954
Other debtors
38,015
37,925
54,879
41,648
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
170
788
Taxation and social security
2,081
5,442
Other creditors
46,364
28,226
48,615
34,456
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
7,820
36,724
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6
For the year ended 28 February 2024
Academy Furniture Hire Limited
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 13 (2023 : 12)
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