IRIS Accounts Production v24.3.0.553 05108249 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh051082492022-12-31051082492023-12-31051082492023-01-012023-12-31051082492021-12-31051082492022-01-012022-12-31051082492022-12-3105108249ns15:EnglandWales2023-01-012023-12-3105108249ns14:PoundSterling2023-01-012023-12-3105108249ns10:Director12023-01-012023-12-3105108249ns10:Director22023-01-012023-12-3105108249ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3105108249ns10:SmallEntities2023-01-012023-12-3105108249ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3105108249ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3105108249ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105108249ns10:FullAccounts2023-01-012023-12-3105108249ns10:OrdinaryShareClass12023-01-012023-12-3105108249ns10:RegisteredOffice2023-01-012023-12-3105108249ns5:CurrentFinancialInstruments2023-12-3105108249ns5:CurrentFinancialInstruments2022-12-3105108249ns5:ShareCapital2023-12-3105108249ns5:ShareCapital2022-12-3105108249ns5:RetainedEarningsAccumulatedLosses2023-12-3105108249ns5:RetainedEarningsAccumulatedLosses2022-12-3105108249ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-01-012023-12-3105108249ns5:PlantMachinery2023-01-012023-12-3105108249ns5:FurnitureFittings2023-01-012023-12-3105108249ns5:MotorVehicles2023-01-012023-12-3105108249ns5:LandBuildings2022-12-3105108249ns5:PlantMachinery2022-12-3105108249ns5:FurnitureFittings2022-12-3105108249ns5:MotorVehicles2022-12-3105108249ns5:LandBuildings2023-01-012023-12-3105108249ns5:LandBuildings2023-12-3105108249ns5:PlantMachinery2023-12-3105108249ns5:FurnitureFittings2023-12-3105108249ns5:MotorVehicles2023-12-3105108249ns5:LandBuildings2022-12-3105108249ns5:PlantMachinery2022-12-3105108249ns5:FurnitureFittings2022-12-3105108249ns5:MotorVehicles2022-12-3105108249ns5:DeferredTaxation2022-12-3105108249ns5:DeferredTaxation2023-01-012023-12-3105108249ns5:DeferredTaxation2023-12-3105108249ns10:OrdinaryShareClass12023-12-3105108249ns5:RetainedEarningsAccumulatedLosses2022-12-3105108249ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 05108249 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Furnish That Room Limited

Furnish That Room Limited (Registered number: 05108249)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Furnish That Room Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs Amy Guinan
Mr Francis Guinan





REGISTERED OFFICE: Unit 8 Phoenix Park
Goodlass Road
Liverpool
Merseyside
L24 9HL





REGISTERED NUMBER: 05108249 (England and Wales)





ACCOUNTANTS: LJS Accounting Services (UK) Ltd
Unit 5, 1st Floor
Connect Business Village
24 Derby Road
Liverpool
Merseyside
L5 9PR

Furnish That Room Limited (Registered number: 05108249)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,667 47,959

CURRENT ASSETS
Stocks 5 946,154 505,000
Debtors 6 999,051 753,169
Cash at bank 1,146,620 558,810
3,091,825 1,816,979
CREDITORS
Amounts falling due within one year 7 1,677,443 835,137
NET CURRENT ASSETS 1,414,382 981,842
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,451,049

1,029,801

PROVISIONS FOR LIABILITIES 8 8,624 10,258
NET ASSETS 1,442,425 1,019,543

CAPITAL AND RESERVES
Called up share capital 9 11 11
Retained earnings 10 1,442,414 1,019,532
SHAREHOLDERS' FUNDS 1,442,425 1,019,543

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Furnish That Room Limited (Registered number: 05108249)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:




Mr Francis Guinan - Director



Mrs Amy Guinan - Director


Furnish That Room Limited (Registered number: 05108249)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Furnish That Room 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

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.

Furnish That Room Limited (Registered number: 05108249)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 38,952 32,178 18,600 39,946 129,676
DEPRECIATION
At 1 January 2023 25,806 31,343 11,614 12,954 81,717
Charge for year 3,287 209 1,048 6,748 11,292
At 31 December 2023 29,093 31,552 12,662 19,702 93,009
NET BOOK VALUE
At 31 December 2023 9,859 626 5,938 20,244 36,667
At 31 December 2022 13,146 835 6,986 26,992 47,959

5. STOCKS
31.12.23 31.12.22
£    £   
Stocks 946,154 505,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 999,051 753,169

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 55,000 75,000
Trade creditors 151,946 235,784
Tax 139,520 184,180
Social security and other taxes (10 ) 4,324
VAT 126,443 15,423
Directors' current accounts 70,150 907
Accruals and deferred income 1,131,681 315,839
Accrued expenses 2,713 3,680
1,677,443 835,137

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 8,624 10,258

Furnish That Room Limited (Registered number: 05108249)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 10,258
Provided during year (1,634 )
Balance at 31 December 2023 8,624

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
11 Ordinary £1 11 11

10. RESERVES
Retained
earnings
£   

At 1 January 2023 1,019,532
Profit for the year 464,882
Dividends (42,000 )
At 31 December 2023 1,442,414