THE FURNITURE GARDEN LTD

Company Registration Number:
10561509 (England and Wales)

Unaudited abridged accounts for the year ended 30 January 2024

Period of accounts

Start date: 01 February 2023

End date: 30 January 2024

THE FURNITURE GARDEN LTD

Contents of the Financial Statements

for the Period Ended 30 January 2024

Balance sheet
Notes

THE FURNITURE GARDEN LTD

Balance sheet

As at 30 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 209,125 179,906
Total fixed assets: 209,125 179,906
Current assets
Stocks: 870,717 844,230
Debtors: 4 368,850 966,403
Cash at bank and in hand: 219,820 28,269
Total current assets: 1,459,387 1,838,902
Creditors: amounts falling due within one year: 5 (1,865,319) (1,953,801)
Net current assets (liabilities): (405,932) (114,899)
Total assets less current liabilities: (196,807) 65,007
Creditors: amounts falling due after more than one year: 6 (15,616) (24,967)
Total net assets (liabilities): (212,423) 40,040
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (212,424) 40,039
Shareholders funds: (212,423) 40,040

The notes form part of these financial statements

THE FURNITURE GARDEN LTD

Balance sheet statements

For the year ending 30 January 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 October 2024
and signed on behalf of the board by:

Name: Mr George Grassick
Status: Director

The notes form part of these financial statements

THE FURNITURE GARDEN LTD

Notes to the Financial Statements

for the Period Ended 30 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

THE FURNITURE GARDEN LTD

Notes to the Financial Statements

for the Period Ended 30 January 2024

2. Employees

2024 2023
Average number of employees during the period 12 12

THE FURNITURE GARDEN LTD

Notes to the Financial Statements

for the Period Ended 30 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 296,297
Additions 76,215
At 30 January 2024 372,512
Depreciation
At 01 February 2023 116,391
Charge for year 46,996
At 30 January 2024 163,387
Net book value
At 30 January 2024 209,125
At 31 January 2023 179,906

THE FURNITURE GARDEN LTD

Notes to the Financial Statements

for the Period Ended 30 January 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 368,850 966,403

THE FURNITURE GARDEN LTD

Notes to the Financial Statements

for the Period Ended 30 January 2024

5. Creditors: amounts falling due within one year note

Due within one year 2024 2023 Bank loans and overdrafts 9,464 9,870 Trade creditors 318,112 150,861 Taxes and social security 1,467,104 1,727,778 Other creditors 65,292 Loans from directors 14,740 Deferred income 55,899 Total 1,865,319 1,953,801

THE FURNITURE GARDEN LTD

Notes to the Financial Statements

for the Period Ended 30 January 2024

6. Creditors: amounts falling due after more than one year note

Due greater than one year 2024 2023 Bank Loans 15,616 24,967

THE FURNITURE GARDEN LTD

Notes to the Financial Statements

for the Period Ended 30 January 2024

7. Changes in presentation and prior period adjustments

During the preparation of the financial statements for the year ended 31 January 2024, it was identified that the financial statements for the prior year ended 31 January 2023 contained errors in the reported revenue and costs, which resulted in an overstatement of profits by £269,111. This adjustment has been made directly to retained earnings and does not affect the profit or loss for the current year ended 31 January 2024. Comparative figures for 2023 have not been restated. We have used the Fair Value Reserve to reflect prior period adjustments due to system limitations.