IRIS Accounts Production v24.1.9.2 10669071 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false A Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106690712023-03-31106690712024-03-31106690712023-04-012024-03-31106690712022-03-31106690712022-04-012023-03-31106690712023-03-3110669071ns15:EnglandWales2023-04-012024-03-3110669071ns14:PoundSterling2023-04-012024-03-3110669071ns10:Director12023-04-012024-03-3110669071ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110669071ns10:SmallEntities2023-04-012024-03-3110669071ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110669071ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110669071ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110669071ns10:FullAccounts2023-04-012024-03-311066907112023-04-012024-03-3110669071ns10:OrdinaryShareClass12023-04-012024-03-3110669071ns10:OrdinaryShareClass22023-04-012024-03-3110669071ns10:OrdinaryShareClass32023-04-012024-03-3110669071ns10:Director22023-04-012024-03-3110669071ns10:RegisteredOffice2023-04-012024-03-3110669071ns5:CurrentFinancialInstruments2024-03-3110669071ns5:CurrentFinancialInstruments2023-03-3110669071ns5:ShareCapital2024-03-3110669071ns5:ShareCapital2023-03-3110669071ns5:RetainedEarningsAccumulatedLosses2024-03-3110669071ns5:RetainedEarningsAccumulatedLosses2023-03-3110669071ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3110669071ns5:ComputerSoftware2023-04-012024-03-3110669071ns5:ComputerEquipment2023-04-012024-03-3110669071ns5:IntangibleAssetsOtherThanGoodwill2023-03-3110669071ns5:IntangibleAssetsOtherThanGoodwill2024-03-3110669071ns5:IntangibleAssetsOtherThanGoodwill2023-03-3110669071ns5:PlantMachinery2023-03-3110669071ns5:PlantMachinery2023-04-012024-03-3110669071ns5:PlantMachinery2024-03-3110669071ns5:PlantMachinery2023-03-3110669071ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3110669071ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3110669071ns10:OrdinaryShareClass12024-03-3110669071ns10:OrdinaryShareClass22024-03-3110669071ns10:OrdinaryShareClass32024-03-31
REGISTERED NUMBER: 10669071 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

OFFICE FURNITURE LONDON LTD

OFFICE FURNITURE LONDON LTD (REGISTERED NUMBER: 10669071)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OFFICE FURNITURE LONDON LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr S A Fitch
Mr V Pullen





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 10669071 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

OFFICE FURNITURE LONDON LTD (REGISTERED NUMBER: 10669071)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 742 1,419
742 1,419

CURRENT ASSETS
Debtors 6 202,721 190,122
Cash at bank 331,682 351,168
534,403 541,290
CREDITORS
Amounts falling due within one year 7 197,598 176,740
NET CURRENT ASSETS 336,805 364,550
TOTAL ASSETS LESS CURRENT
LIABILITIES

337,547

365,969

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 337,447 365,869
SHAREHOLDERS' FUNDS 337,547 365,969

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

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

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 2 October 2024 and were signed on its behalf by:



Mr V Pullen - Director


OFFICE FURNITURE LONDON LTD (REGISTERED NUMBER: 10669071)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Office Furniture London Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

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 4 (2023 - 4 ) .

OFFICE FURNITURE LONDON LTD (REGISTERED NUMBER: 10669071)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 3,000
AMORTISATION
At 1 April 2023
and 31 March 2024 3,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
At 1 April 2023
and 31 March 2024 7,839
DEPRECIATION
At 1 April 2023 6,420
Charge for year 677
At 31 March 2024 7,097
NET BOOK VALUE
At 31 March 2024 742
At 31 March 2023 1,419

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 140,163 179,218
Directors' current accounts 62,067 10,904
Prepayments and accrued income 491 -
202,721 190,122

OFFICE FURNITURE LONDON LTD (REGISTERED NUMBER: 10669071)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 149,668 93,559
Tax 19,442 60,143
Social security and other taxes 1,769 2,033
VAT 26,719 21,005
197,598 176,740

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
60 A Ordinary £1 60 60
39 B Ordinary £1 39 39
1 C Ordinary £1 1 1
100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the director, Mr V Pullen, owed the company £62,067 (2023: £10,904). The loan is interest bearing and was repaid within nine months.