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Company Registration No. SC656649 (Scotland)
THREEFOURFIVE FURNITURE LTD Unaudited accounts for the year ended 31 March 2024
THREEFOURFIVE FURNITURE LTD Unaudited accounts Contents
Page
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THREEFOURFIVE FURNITURE LTD Company Information for the year ended 31 March 2024
Directors
Claire Margret Anne Higgins Steven Alexander Higgin Aren Wren
Company Number
SC656649 (Scotland)
Registered Office
27 Buchlyvie Road Paisley PA1 3AE
Accountants
Lynsey Murray 22 Bluebell Drive Glasgow G77 6FN
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of THREEFOURFIVE FURNITURE LTD for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of THREEFOURFIVE FURNITURE LTD for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Lynsey Murray Member in Practice 22 Bluebell Drive Glasgow G77 6FN 8 October 2024
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THREEFOURFIVE FURNITURE LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
119,681 
65,262 
Current assets
Cash at bank and in hand
7,056 
4,078 
Creditors: amounts falling due within one year
(55,417)
(39,613)
Net current liabilities
(48,361)
(35,535)
Total assets less current liabilities
71,320 
29,727 
Creditors: amounts falling due after more than one year
(33,002)
- 
Net assets
38,318 
29,727 
Capital and reserves
Profit and loss account
38,318 
29,727 
Shareholders' funds
38,318 
29,727 
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by
Claire Margret Anne Higgins Director Company Registration No. SC656649
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THREEFOURFIVE FURNITURE LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
THREEFOURFIVE FURNITURE LTD is a private company, limited by shares, registered in Scotland, registration number SC656649. The registered office is 27 Buchlyvie Road, Paisley, PA1 3AE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
25%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
75,256 
20,378 
1,398 
8,770 
105,802 
Additions
69,956 
15,654 
- 
2,885 
88,495 
At 31 March 2024
145,212 
36,032 
1,398 
11,655 
194,297 
Depreciation
At 1 April 2023
20,594 
15,126 
1,050 
3,770 
40,540 
Charge for the year
24,923 
6,072 
348 
2,733 
34,076 
At 31 March 2024
45,517 
21,198 
1,398 
6,503 
74,616 
Net book value
At 31 March 2024
99,695 
14,834 
- 
5,152 
119,681 
At 31 March 2023
54,662 
5,252 
348 
5,000 
65,262 
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THREEFOURFIVE FURNITURE LTD Notes to the Accounts for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
11,880 
7,887 
Taxes and social security
18,346 
12,132 
Accruals
25,191 
19,594 
55,417 
39,613 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
33,002 
- 
7
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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