IRIS Accounts Production v24.2.0.383 06117206 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh061172062023-03-31061172062024-03-31061172062023-04-012024-03-31061172062022-03-31061172062022-04-012023-03-31061172062023-03-3106117206ns15:EnglandWales2023-04-012024-03-3106117206ns14:PoundSterling2023-04-012024-03-3106117206ns10:Director12023-04-012024-03-3106117206ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106117206ns10:SmallEntities2023-04-012024-03-3106117206ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106117206ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106117206ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106117206ns10:AbridgedAccounts2023-04-012024-03-3106117206ns10:RegisteredOffice2023-04-012024-03-3106117206ns5:CurrentFinancialInstruments2024-03-3106117206ns5:CurrentFinancialInstruments2023-03-3106117206ns5:Non-currentFinancialInstruments2024-03-3106117206ns5:Non-currentFinancialInstruments2023-03-3106117206ns5:ShareCapital2024-03-3106117206ns5:ShareCapital2023-03-3106117206ns5:RetainedEarningsAccumulatedLosses2024-03-3106117206ns5:RetainedEarningsAccumulatedLosses2023-03-3106117206ns5:MotorVehicles2023-04-012024-03-3106117206ns5:ComputerEquipment2023-04-012024-03-3106117206ns5:WithinOneYear2024-03-3106117206ns5:WithinOneYear2023-03-3106117206ns5:BetweenOneFiveYears2024-03-3106117206ns5:BetweenOneFiveYears2023-03-3106117206ns5:AllPeriods2024-03-3106117206ns5:AllPeriods2023-03-31
REGISTERED NUMBER: 06117206 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

DESIRE FURNISHINGS LIMITED

DESIRE FURNISHINGS LIMITED (REGISTERED NUMBER: 06117206)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DESIRE FURNISHINGS LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2024







DIRECTOR: S L Curtis





REGISTERED OFFICE: 11 Castle Hill
Maidenhead
Berkshire
SL6 4AA





REGISTERED NUMBER: 06117206 (England and Wales)





ACCOUNTANTS: Knight & Company Ltd
11 Castle Hill
Maidenhead
Berkshire
SL6 4AA

DESIRE FURNISHINGS LIMITED (REGISTERED NUMBER: 06117206)

ABRIDGED BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 242 324

CURRENT ASSETS
Stocks 66,376 76,239
Cash at bank 75,947 80,221
142,323 156,460
CREDITORS
Amounts falling due within one year 59,861 60,945
NET CURRENT ASSETS 82,462 95,515
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,704

95,839

CREDITORS
Amounts falling due after more than one
year

32,878

37,572
NET ASSETS 49,826 58,267

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 49,823 58,264
SHAREHOLDERS' FUNDS 49,826 58,267

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 director acknowledges his 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.

DESIRE FURNISHINGS LIMITED (REGISTERED NUMBER: 06117206)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2024 and were signed by:





S L Curtis - Director


DESIRE FURNISHINGS LIMITED (REGISTERED NUMBER: 06117206)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024

1. STATUTORY INFORMATION

Desire Furnishings Limited 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 comprises the value of sales (excluding VAT) of goods and services provided in the normal course of business. Revenue is recognised when the goods are despatched, which is the same day on which the goods are delivered and hence is the point at which the risks and rewards of ownership pass to the buyer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and any recognised impairment loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Net realisable value is based on selling price less anticipated costs to completion plus selling costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

DESIRE FURNISHINGS LIMITED (REGISTERED NUMBER: 06117206)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 4,685
DEPRECIATION
At 1 April 2023 4,361
Charge for year 82
At 31 March 2024 4,443
NET BOOK VALUE
At 31 March 2024 242
At 31 March 2023 324

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/3/24 31/3/23
£    £   
Within one year 26,000 26,000
Between one and five years 13,000 39,000
39,000 65,000

6. RELATED PARTY DISCLOSURES

Other creditors include the sum of £5,949 (2024 - £5,950) due to the directors of the company.