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Company Registration No. 12456655 (England and Wales)
FURNILAND LTD Unaudited accounts for the year ended 29 February 2024
FURNILAND LTD Unaudited accounts Contents
Page
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FURNILAND LTD Company Information for the year ended 29 February 2024
Director
Marius Petruitis
Company Number
12456655 (England and Wales)
Registered Office
21 ELTHAM PALACE ROAD LONDON SE9 5LU ENGLAND
Accountants
Eurofirma Ltd 59 Devons Road London E3 3DW
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FURNILAND LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,139 
9,924 
Current assets
Inventories
- 
17,140 
Debtors
21,337 
5,495 
Cash at bank and in hand
11,253 
19,581 
32,590 
42,216 
Creditors: amounts falling due within one year
(40,629)
(52,040)
Net current liabilities
(8,039)
(9,824)
Net assets
100 
100 
Capital and reserves
Called up share capital
100 
100 
Shareholders' funds
100 
100 
For the year ending 29 February 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 director acknowledges his 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 and authorised for issue on 29 October 2024 and were signed on its behalf by
Marius Petruitis Director Company Registration No. 12456655
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FURNILAND LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
FURNILAND LTD is a private company, limited by shares, registered in England and Wales, registration number 12456655. The registered office is 21 ELTHAM PALACE ROAD, LONDON, SE9 5LU, ENGLAND.
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:
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 March 2023
18,000 
At 29 February 2024
18,000 
Depreciation
At 1 March 2023
8,076 
Charge for the year
1,785 
At 29 February 2024
9,861 
Net book value
At 29 February 2024
8,139 
At 28 February 2023
9,924 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
17,683 
5,098 
Other debtors
3,654 
397 
21,337 
5,495 
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FURNILAND LTD Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
27,485 
37,193 
VAT
9,631 
13,542 
Trade creditors
1,849 
- 
Taxes and social security
944 
1,135 
Accruals
720 
170 
40,629 
52,040 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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