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REGISTERED NUMBER: 05348925 (England and Wales)











Unaudited Financial Statements

for the Year Ended

29 February 2024

for

Furniture Components UK Limited

Furniture Components UK Limited (Registered number: 05348925)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Furniture Components UK Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: SS Johnson
J S Johnson
B S Johnson





REGISTERED OFFICE: Unit 1
Gateway Business Park
New Hall Hey Road
Rawtenstall
Lancashire
BB4 6JG





REGISTERED NUMBER: 05348925 (England and Wales)





ACCOUNTANTS: Mosley & Co
14 Market Place
Ramsbottom
Bury
Lancashire
BL0 9HT

Furniture Components UK Limited (Registered number: 05348925)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 337,368 343,921

CURRENT ASSETS
Stocks 182,835 248,108
Debtors 5 25,680 42,848
Cash at bank and in hand 33,044 167,752
241,559 458,708
CREDITORS
Amounts falling due within one year 6 142,442 232,468
NET CURRENT ASSETS 99,117 226,240
TOTAL ASSETS LESS CURRENT
LIABILITIES

436,485

570,161

CREDITORS
Amounts falling due after more than
one year

7

(12,500

)

(22,500

)

PROVISIONS FOR LIABILITIES 8 (37,384 ) (23,456 )
NET ASSETS 386,601 524,205

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 386,501 524,105
SHAREHOLDERS' FUNDS 386,601 524,205

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Furniture Components UK Limited (Registered number: 05348925)

Balance Sheet - continued
29 February 2024


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 28 November 2024 and were signed on its behalf by:





SS Johnson - Director


Furniture Components UK Limited (Registered number: 05348925)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Furniture Components UK 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.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on cost

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.

Furniture Components UK Limited (Registered number: 05348925)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 325,937 325,324 651,261
Additions - 51,581 51,581
At 29 February 2024 325,937 376,905 702,842
DEPRECIATION
At 1 March 2023 105,678 201,662 307,340
Charge for year 32,593 25,541 58,134
At 29 February 2024 138,271 227,203 365,474
NET BOOK VALUE
At 29 February 2024 187,666 149,702 337,368
At 28 February 2023 220,259 123,662 343,921

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 23,779 37,360
Other debtors 1,901 5,488
25,680 42,848

Furniture Components UK Limited (Registered number: 05348925)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,000 35,333
Trade creditors 62,279 116,306
Taxation and social security 14,693 31,924
Other creditors 55,470 48,905
142,442 232,468

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 12,500 22,500

8. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 37,384 23,456

Deferred
tax
£   
Balance at 1 March 2023 23,456
Provided during year 13,928
Balance at 29 February 2024 37,384

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100