IRIS Accounts Production v24.1.0.578 11096780 director 1.6.23 31.5.24 31.5.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110967802023-05-31110967802024-05-31110967802023-06-012024-05-31110967802022-05-31110967802022-06-012023-05-31110967802023-05-3111096780ns15:EnglandWales2023-06-012024-05-3111096780ns14:PoundSterling2023-06-012024-05-3111096780ns10:Director12023-06-012024-05-3111096780ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3111096780ns10:SmallEntities2023-06-012024-05-3111096780ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3111096780ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3111096780ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3111096780ns10:FullAccounts2023-06-012024-05-311109678012023-06-012024-05-3111096780ns10:RegisteredOffice2023-06-012024-05-3111096780ns5:CurrentFinancialInstruments2024-05-3111096780ns5:CurrentFinancialInstruments2023-05-3111096780ns5:Non-currentFinancialInstruments2024-05-3111096780ns5:Non-currentFinancialInstruments2023-05-3111096780ns5:ShareCapital2024-05-3111096780ns5:ShareCapital2023-05-3111096780ns5:RetainedEarningsAccumulatedLosses2024-05-3111096780ns5:RetainedEarningsAccumulatedLosses2023-05-3111096780ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3111096780ns5:PatentsTrademarksLicencesConcessionsSimilar2023-06-012024-05-3111096780ns5:PlantMachinery2023-06-012024-05-3111096780ns5:IntangibleAssetsOtherThanGoodwill2023-05-3111096780ns5:IntangibleAssetsOtherThanGoodwill2024-05-3111096780ns5:IntangibleAssetsOtherThanGoodwill2023-05-3111096780ns5:LeaseholdImprovements2023-05-3111096780ns5:PlantMachinery2023-05-3111096780ns5:FurnitureFittings2023-05-3111096780ns5:LeaseholdImprovements2023-06-012024-05-3111096780ns5:FurnitureFittings2023-06-012024-05-3111096780ns5:LeaseholdImprovements2024-05-3111096780ns5:PlantMachinery2024-05-3111096780ns5:FurnitureFittings2024-05-3111096780ns5:LeaseholdImprovements2023-05-3111096780ns5:PlantMachinery2023-05-3111096780ns5:FurnitureFittings2023-05-3111096780ns5:MotorVehicles2023-05-3111096780ns5:ComputerEquipment2023-05-3111096780ns5:MotorVehicles2023-06-012024-05-3111096780ns5:ComputerEquipment2023-06-012024-05-3111096780ns5:MotorVehicles2024-05-3111096780ns5:ComputerEquipment2024-05-3111096780ns5:MotorVehicles2023-05-3111096780ns5:ComputerEquipment2023-05-3111096780ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3111096780ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3111096780ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-05-3111096780ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-05-3111096780ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-05-3111096780ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-3111096780ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3111096780ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3111096780ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-05-3111096780ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-05-3111096780ns5:HirePurchaseContracts2024-05-3111096780ns5:HirePurchaseContracts2023-05-3111096780ns5:WithinOneYear2024-05-3111096780ns5:WithinOneYear2023-05-3111096780ns5:DeferredTaxation2023-05-3111096780ns5:DeferredTaxation2023-06-012024-05-3111096780ns5:DeferredTaxation2024-05-31
REGISTERED NUMBER: 11096780 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Claughton Furniture Limited

Claughton Furniture Limited (Registered number: 11096780)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Claughton Furniture Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: D. H. Claughton





REGISTERED OFFICE: Unit 10 Redcliff Road
Melton
North Ferriby
East Yorkshire
HU14 3RS





REGISTERED NUMBER: 11096780 (England and Wales)





ACCOUNTANTS: C. Hart & Company (Hull) Limited
74 Kenilworth Avenue
Hull
HU5 4BH

Claughton Furniture Limited (Registered number: 11096780)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 26,026 27,653
Tangible assets 5 172,191 166,263
198,217 193,916

CURRENT ASSETS
Stocks 361,900 324,000
Debtors 6 333,245 299,642
Cash at bank and in hand 12,495 31,573
707,640 655,215
CREDITORS
Amounts falling due within one year 7 579,227 567,087
NET CURRENT ASSETS 128,413 88,128
TOTAL ASSETS LESS CURRENT
LIABILITIES

326,630

282,044

CREDITORS
Amounts falling due after more than
one year

8

(75,434

)

(55,761

)

PROVISIONS FOR LIABILITIES 10 (24,224 ) (21,355 )
NET ASSETS 226,972 204,928

Claughton Furniture Limited (Registered number: 11096780)

Balance Sheet - continued
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 226,971 204,927
SHAREHOLDERS' FUNDS 226,972 204,928

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

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

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 director and authorised for issue on 18 October 2024 and were signed by:





D. H. Claughton - Director


Claughton Furniture Limited (Registered number: 11096780)

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

1. STATUTORY INFORMATION

Claughton Furniture 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 10% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Claughton Furniture Limited (Registered number: 11096780)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

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 18 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 32,533
AMORTISATION
At 1 June 2023 4,880
Charge for year 1,627
At 31 May 2024 6,507
NET BOOK VALUE
At 31 May 2024 26,026
At 31 May 2023 27,653

Claughton Furniture Limited (Registered number: 11096780)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2023 49,472 167,617 15,000
Additions - 54,037 -
Disposals - (23,000 ) -
At 31 May 2024 49,472 198,654 15,000
DEPRECIATION
At 1 June 2023 13,173 81,706 10,085
Charge for year 3,630 26,482 983
Eliminated on disposal - (15,463 ) -
At 31 May 2024 16,803 92,725 11,068
NET BOOK VALUE
At 31 May 2024 32,669 105,929 3,932
At 31 May 2023 36,299 85,911 4,915

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 55,657 14,784 302,530
Additions - - 54,037
Disposals - - (23,000 )
At 31 May 2024 55,657 14,784 333,567
DEPRECIATION
At 1 June 2023 22,680 8,623 136,267
Charge for year 8,244 1,233 40,572
Eliminated on disposal - - (15,463 )
At 31 May 2024 30,924 9,856 161,376
NET BOOK VALUE
At 31 May 2024 24,733 4,928 172,191
At 31 May 2023 32,977 6,161 166,263

Claughton Furniture Limited (Registered number: 11096780)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 242,595 259,268
Other debtors - 8,592
VAT 40,490 21,912
Prepayments 50,160 9,870
333,245 299,642

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 12,837 14,738
Other loans 5,883 19,027
Hire purchase contracts (see note 9)
15,015

7,533
Trade creditors 424,771 365,055
Tax 2,363 16,607
Social security and other taxes 10,351 11,119
Other creditors 22,205 49,077
Directors' current accounts 84,802 80,439
Accrued expenses 1,000 1,000
Deferred government grants - 2,492
579,227 567,087

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years 9,640 10,268
Bank loans - 2-5 years - 9,640
Other loans - 1-2 years 6,632 5,900
Other loans - 2-5 years 8,586 15,068
Hire purchase contracts (see note 9)
50,576

14,885
75,434 55,761

Claughton Furniture Limited (Registered number: 11096780)

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

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.5.24 31.5.23
£    £   
Net obligations repayable:
Within one year 15,015 7,533
Between one and five years 50,576 14,885
65,591 22,418

Non-cancellable operating leases
31.5.24 31.5.23
£    £   
Within one year - 15,000

Operating lease commitments relate to future rental agreements.

10. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 24,224 21,355

Deferred
tax
£   
Balance at 1 June 2023 21,355
Provided during year 2,869
Balance at 31 May 2024 24,224