Company Registration No. 4374376 (England and Wales)
Beds & Furniture Emporium Ltd
Unaudited accounts
for the year ended 29 February 2024
Beds & Furniture Emporium Ltd
Unaudited accounts
Contents
Beds & Furniture Emporium Ltd
Company Information
for the year ended 29 February 2024
Company Number
4374376 (England and Wales)
Registered Office
Unit 21A Higher Walton Mill
Higher Walton Road
Preston
Lancashire
PR5 4DJ
uk
Beds & Furniture Emporium Ltd
Statement of financial position
as at 29 February 2024
Intangible assets
54,494
57,700
Tangible assets
11,306
5,599
Cash at bank and in hand
871
6,837
Creditors: amounts falling due within one year
(59,281)
(52,792)
Net current liabilities
(45,820)
(28,688)
Total assets less current liabilities
19,980
34,611
Creditors: amounts falling due after more than one year
(17,853)
(21,411)
Called up share capital
1
1
Profit and loss account
2,126
13,199
Shareholders' funds
2,127
13,200
For the year ending 29 February 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2024 and were signed on its behalf by
Zubeda Mussa
Director
Company Registration No. 4374376
Beds & Furniture Emporium Ltd
Notes to the Accounts
for the year ended 29 February 2024
Beds & Furniture Emporium Ltd is a private company, limited by shares, registered in England and Wales, registration number 4374376. The registered office is Unit 21A Higher Walton Mill, Higher Walton Road, Preston, Lancashire, PR5 4DJ, uk.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
4
Intangible fixed assets
Other
At 29 February 2024
64,112
At 29 February 2024
54,494
At 28 February 2023
57,700
Beds & Furniture Emporium Ltd
Notes to the Accounts
for the year ended 29 February 2024
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2023
15,868
2,726
18,594
Disposals
(15,868)
-
(15,868)
At 29 February 2024
12,604
2,726
15,330
At 1 March 2023
11,009
1,986
12,995
Charge for the year
1,890
148
2,038
On disposals
(11,009)
-
(11,009)
At 29 February 2024
1,890
2,134
4,024
At 29 February 2024
10,714
592
11,306
At 28 February 2023
4,859
740
5,599
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,739
-
Obligations under finance leases and hire purchase contracts
689
689
Trade creditors
30,390
31,657
Taxes and social security
4,137
6,550
Other creditors
4,344
5,908
Loans from directors
7,541
5,641
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).