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Registered number: 4659428

Bourne's Fine Furniture Limited

ACCOUNTS
FOR THE 397 DAY PERIOD ENDED 31/03/2024

Prepared By:
Sally Gilchrist
1 Fernhurst Drive
Goring by Sea
Worthing
West Sussex
BN12 5AS

Bourne's Fine Furniture Limited

ACCOUNTS
FOR THE 397 DAY PERIOD ENDED 31/03/2024
DIRECTORS
Ian Bourne
REGISTERED OFFICE
1 Fernhurst Drive
Goring by Sea
Worthing
West Sussex
BN12 4AS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 4659428
ACCOUNTANTS
Sally Gilchrist
1 Fernhurst Drive
Goring by Sea
Worthing
West Sussex
BN12 5AS

Bourne's Fine Furniture Limited

ACCOUNTS
FOR THE397 DAY PERIODENDED31/03/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Bourne's Fine Furniture Limited

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets21,3901,678
CURRENT ASSETS
Stock8090
Debtors4783806
Cash at bank and in hand6,0274,080
6,8904,976
CREDITORS: Amounts falling due within one year55,3008,006
NET CURRENT ASSETS / (LIABILITIES)1,590(3,030)
TOTAL ASSETS LESS CURRENT LIABILITIES2,980(1,352)
CAPITAL AND RESERVES
Called up share capital722
Profit and loss account2,978(1,354)
SHAREHOLDERS' FUNDS2,980(1,352)
For the year ending 31/03/2024 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21/11/2024 and signed on their behalf by
.............................
Ian Bourne
Director

Bourne's Fine Furniture Limited

NOTES TO THE ACCOUNTS
FOR THE 397 DAY PERIOD ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

Bourne's Fine Furniture Limited

2. TANGIBLE FIXED ASSETS
Commercial
VehiclesEquipmentTotal
£££
Cost
At 01/03/20232,05016,64618,696
At 31/03/20242,05016,64618,696
Depreciation
At 01/03/202368816,33017,018
For the 397 day period20979288
At 31/03/202489716,40917,306
Net Book Amounts
At 31/03/20241,1532371,390
At 28/02/20231,3623161,678
3. STOCK 20242023
££
Stock comprises:
Stock8090
8090
4. DEBTORS 20242023
££
Amounts falling due within one year
Prepayments433-
Directors current account350806
783806
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax2,821-
PAYE control8815,054
Trade creditors-1,886
Accruals1,5981,066
5,3008,006

Bourne's Fine Furniture Limited

6. EMPLOYEES
20242023
No.No.
Average number of employees--
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22