Company Registration No. 08298992 (England and Wales)
Furnishings UK Ltd
Unaudited accounts
for the year ended 31 January 2024
Furnishings UK Ltd
Unaudited accounts
Contents
Furnishings UK Ltd
Company Information
for the year ended 31 January 2024
Directors
Mamit Agarwal
Kanika Kalra Agarwal
Company Number
08298992 (England and Wales)
Registered Office
S & R BUSINESS PARK 94
GARNETT STREET
BRADFORD
WEST YORKSHIRE
BD3 9HB
Accountants
Philip Shaw & Co
Chartered Certified Accountants
7 Duke Way
Wakefield
West Yorkshire
WF1 2ER
Furnishings UK Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
56,447
38,473
Inventories
189,475
139,225
Cash at bank and in hand
(15,344)
5,089
Creditors: amounts falling due within one year
(504,177)
(356,103)
Net current liabilities
(178,592)
(119,070)
Net liabilities
(122,145)
(80,597)
Called up share capital
2
2
Profit and loss account
(122,147)
(80,599)
Shareholders' funds
(122,145)
(80,597)
For the year ending 31 January 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 23 October 2024 and were signed on its behalf by
Mamit Agarwal
Director
Company Registration No. 08298992
Furnishings UK Ltd
Notes to the Accounts
for the year ended 31 January 2024
Furnishings UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 08298992. The registered office is S & R BUSINESS PARK 94, GARNETT STREET, BRADFORD, WEST YORKSHIRE, BD3 9HB.
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:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Fixtures & fittings
20% reducing balance
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 February 2023
27,440
44,136
16,202
14,550
102,328
Additions
1,553
1,513
375
23,500
26,941
At 31 January 2024
28,993
45,649
16,577
38,050
129,269
At 1 February 2023
16,441
36,785
9,174
1,455
63,855
Charge for the year
4,194
1,838
1,480
1,455
8,967
At 31 January 2024
20,635
38,623
10,654
2,910
72,822
At 31 January 2024
8,358
7,026
5,923
35,140
56,447
At 31 January 2023
10,999
7,351
7,028
13,095
38,473
Furnishings UK Ltd
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Trade debtors
44,782
50,889
Other debtors
106,672
41,830
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
23,584
33,310
Trade creditors
335,151
228,181
Taxes and social security
3,800
3,842
Other creditors
72,853
62,838
Loans from directors
27,500
-
7
Average number of employees
During the year the average number of employees was 8 (2023: 8).