General Furnishing Company (Chesterfield) Ltd |
Registered Number:00348608 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2024
General Furnishing Company (Chesterfield) Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
General Furnishing Company (Chesterfield) Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
386
523
2
386
523
208
115
3
Trade and other receivables |
5,372
3,411
4
41,526
Cash and cash equivalents |
46,622
50,148
47,106
Trade and other payables: amounts falling due within one |
year |
(56,804)
(53,157)
5
(9,698)
(3,009)
Net current liabilities
Total assets less current liabilities |
(2,623)
(9,175)
(49)
(69)
Provisions for liabilities |
(2,672)
Net liabilities
(9,244)
2,450
2,450
(9,672)
(16,244)
4,550
4,550
(2,672)
(9,244)
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 25 November 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2024
General Furnishing Company (Chesterfield) Ltd
Notes to the Financial Statements
Statutory Information
General Furnishing Company (Chesterfield) Ltd is a private limited company, limited by shares, domiciled in England |
and Wales, registration number 00348608. |
Unit 3, Littlemoor
Newbold
Chesterfield
S41 8QN
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover reflects the fair value of goods and services supplied to each customer based on the extent to which the company has fulfilled its obligations under the sales contract. Turnover excludes VAT. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Motor vehicles
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 31 March 2024
General Furnishing Company (Chesterfield) Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
26,417
5,592
20,825
20,825
5,592
26,417
Provision for depreciation and impairment |
25,894
5,274
20,620
Charge for year
137
86
51
26,031
5,360
20,671
154
232
386
205
318
523
2023
2024
115
208
4. Trade and other receivables |
2023
2024
2,636
4,692
775
680
5,372
3,411
5. Trade and other payables: amounts falling due within one year |
2023
2024
3,279
903
471
3,643
Taxation and social security |
1,030
835
48,377
51,423
53,157
56,804
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For the year ended 31 March 2024
General Furnishing Company (Chesterfield) Ltd
Notes to the Financial Statements Continued
6. Average number of persons employed |
During the year the average number of employees was 4 (2023 : 4)
4 of 4