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Company Registration No. 1401646 (England and Wales)
G.H. FURNESS LIMITED Unaudited accounts for the year ended 31 March 2024
G.H. FURNESS LIMITED Unaudited accounts Contents
Page
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G.H. FURNESS LIMITED Company Information for the year ended 31 March 2024
Directors
Ayaz Akram Abdur Razzak Qasim Akram
Company Number
1401646 (England and Wales)
Registered Office
6 KENSINGTON AVENUE NEWCASTLE UPON TYNE NE3 2HP
Accountants
Caldwell House Consulting 44 Caldwell Road Birmingham West Midlands B9 5TQ
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G.H. FURNESS LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
63,728 
60,927 
Current assets
Inventories
44,895 
35,829 
Debtors
290,120 
310,429 
Cash at bank and in hand
56,579 
57,983 
391,594 
404,241 
Creditors: amounts falling due within one year
(104,862)
(98,151)
Net current assets
286,732 
306,090 
Total assets less current liabilities
350,460 
367,017 
Creditors: amounts falling due after more than one year
(18,333)
(31,667)
Provisions for liabilities
Deferred tax
(1,903)
(1,371)
Net assets
330,224 
333,979 
Capital and reserves
Called up share capital
4,649 
4,649 
Revaluation reserve
27,565 
27,565 
Profit and loss account
298,010 
301,765 
Shareholders' funds
330,224 
333,979 
For the year ending 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 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 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 of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by
Ayaz Akram Director Company Registration No. 1401646
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G.H. FURNESS LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
G.H. FURNESS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 1401646. The registered office is 6 KENSINGTON AVENUE, NEWCASTLE UPON TYNE, NE3 2HP.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts (where appropriate) and repayments received from NHS for prescriptions.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% reducing balance basis
Motor vehicles
18% reducing balance basis
Fixtures & fittings
18% reducing balance basis
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
53,711 
4,275 
8,083 
26,185 
92,254 
Additions
- 
- 
5,000 
- 
5,000 
At 31 March 2024
53,711 
4,275 
13,083 
26,185 
97,254 
Depreciation
At 1 April 2023
- 
4,053 
2,648 
24,626 
31,327 
Charge for the year
- 
40 
1,878 
281 
2,199 
At 31 March 2024
- 
4,093 
4,526 
24,907 
33,526 
Net book value
At 31 March 2024
53,711 
182 
8,557 
1,278 
63,728 
At 31 March 2023
53,711 
222 
5,435 
1,559 
60,927 
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G.H. FURNESS LIMITED Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
27,674 
33,483 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
262,446 
276,946 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
99,718 
92,840 
Taxes and social security
5,144 
5,311 
104,862 
98,151 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
18,333 
31,667 
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
1,903 
1,371 
2024 
2023 
£ 
£ 
Provision at start of year
1,371 
1,518 
Charged/(credited) to the profit and loss account
532 
(147)
Provision at end of year
1,903 
1,371 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
4,649 Ordinary shares of £1 each
4,649 
4,649 
10
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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