Company Registration No. SC656649 (Scotland)
THREEFOURFIVE FURNITURE LTD
Unaudited accounts
for the year ended 31 March 2024
THREEFOURFIVE FURNITURE LTD
Unaudited accounts
Contents
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
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
THREEFOURFIVE FURNITURE LTD
Statement of financial position
as at 31 March 2024
Tangible assets
119,681
65,262
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)
-
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
THREEFOURFIVE FURNITURE LTD
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
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
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
THREEFOURFIVE FURNITURE LTD
Notes to the Accounts
for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
18,346
12,132
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).