2023-04-01 00348608 2024-03-31 00348608 2023-04-01 2024-03-31 00348608 2023-03-31 00348608 2022-04-01 2023-03-31 00348608 uk-core:WithinOneYear 2023-03-31 00348608 uk-core:WithinOneYear 2024-03-31 00348608 uk-core:ShareCapital 2024-03-31 00348608 uk-core:ShareCapital 2023-03-31 00348608 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 00348608 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 00348608 uk-core:OtherMiscellaneousReserve 2024-03-31 00348608 uk-bus:Director1 2023-04-01 2024-03-31 00348608 uk-core:MotorVehicles 2023-04-01 2024-03-31 00348608 uk-core:FurnitureFittings 2023-04-01 2024-03-31 00348608 uk-core:FurnitureFittings 2023-03-31 00348608 uk-core:MotorVehicles 2023-03-31 00348608 uk-core:MotorVehicles 2024-03-31 00348608 uk-core:FurnitureFittings 2024-03-31 00348608 uk-core:WithinOneYear 2024-03-31 00348608 uk-core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure 00348608 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 00348608 uk-bus:FRS102 2023-04-01 2024-03-31 00348608 uk-bus:FullAccounts 2023-04-01 2024-03-31 00348608 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
General Furnishing Company (Chesterfield) Ltd
Registered Number:00348608
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
00348608
As at 31 March 2024
General Furnishing Company (Chesterfield) Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
386
523
2
386
523
Current assets
Inventories
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)
Capital and reserves
Called up share capital
2,450
2,450
Retained earnings
(9,672)
(16,244)
Other reserves
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.
J H Woolgar Director
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
1 of 4
4
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.
Registered address:
Unit 3, Littlemoor
Newbold
Chesterfield
S41 8QN
The presentation currency is £ sterling.
1. Accounting policies
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:
25% Reducing balance
Motor vehicles
15% Reducing balance
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.
2 of 4
5
For the year ended 31 March 2024
General Furnishing Company (Chesterfield) Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
£
£
£
Cost or
valuation
At 01 April 2023
26,417
5,592
20,825
At 31 March 2024
20,825
5,592
26,417
Provision for depreciation and impairment
At 01 April 2023
25,894
5,274
20,620
Charge for year
137
86
51
At 31 March 2024
26,031
5,360
20,671
At 31 March 2024
Net book value
154
232
386
At 31 March 2023
205
318
523
3. Inventories
2023
2024
£
£
Stocks
115
208
4. Trade and other receivables
2023
2024
£
£
Trade debtors
2,636
4,692
Other debtors
775
680
5,372
3,411
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
3,279
903
Trade creditors
471
3,643
Taxation and social security
1,030
835
Other creditors
48,377
51,423
53,157
56,804
3 of 4
6
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