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Registered number: 9251039
Kubek Furniture Limited
Financial Statements
For the Period 1 November 2022 to 30 September 2023
Kennedy Johnson
83 Carlton Drive
Wigston
LE18 1DG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 9251039
30 September 2023 31 October 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,742 35,656
26,742 35,656
CURRENT ASSETS
Stocks 5 120,455 155,305
Debtors 6 33,444 33,513
Cash at bank and in hand 2,391 23,379
156,290 212,197
Creditors: Amounts Falling Due Within One Year 7 (138,722 ) (199,571 )
NET CURRENT ASSETS (LIABILITIES) 17,568 12,626
TOTAL ASSETS LESS CURRENT LIABILITIES 44,310 48,282
Creditors: Amounts Falling Due After More Than One Year 8 (84,592 ) (110,649 )
NET LIABILITIES (40,282 ) (62,367 )
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account (40,284 ) (62,369 )
SHAREHOLDERS' FUNDS (40,282) (62,367)
Page 1
Page 2
For the period ending 30 September 2023 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Carole Peacock
Director
Mark Leech
Director
07/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Kubek Furniture Limited is a private company, limited by shares, incorporated in England & Wales, registered number 9251039 . The registered office is 83 Carlton Drive, Wigston, Leicestershire, LE18 1DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% per annum calculated on the reducing balance
Computer Equipment 25% per annum calculated on the reducing balance.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 44,170 5,278 49,448
As at 30 September 2023 44,170 5,278 49,448
Depreciation
As at 1 November 2022 11,042 2,750 13,792
Provided during the period 8,282 632 8,914
As at 30 September 2023 19,324 3,382 22,706
Net Book Value
As at 30 September 2023 24,846 1,896 26,742
As at 1 November 2022 33,128 2,528 35,656
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Page 4
5. Stocks
30 September 2023 31 October 2022
£ £
Stock 120,455 155,305
6. Debtors
30 September 2023 31 October 2022
£ £
Due within one year
Trade debtors 30,500 29,274
Prepayments and accrued income 2,944 2,944
Other debtors - 1,295
33,444 33,513
7. Creditors: Amounts Falling Due Within One Year
30 September 2023 31 October 2022
£ £
Net obligations under finance lease and hire purchase contracts 10,412 10,412
Trade creditors 56,135 73,787
Corporation tax 19,976 19,976
VAT 1,564 2,172
Bounce back bank loan 10,000 10,000
Other bank loans 30,602 44,095
Accruals 2,939 2,939
Directors' loan accounts 7,094 36,190
138,722 199,571
8. Creditors: Amounts Falling Due After More Than One Year
30 September 2023 31 October 2022
£ £
Net obligations under finance lease and hire purchase contracts 13,014 23,427
Bank loans 31,578 47,222
Bank loan - BBL 40,000 40,000
84,592 110,649
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9. Obligations Under Finance Leases and Hire Purchase
30 September 2023 31 October 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,412 10,412
Later than one year and not later than five years 13,014 23,427
23,426 33,839
23,426 33,839
10. Share Capital
30 September 2023 31 October 2022
£ £
Allotted, Called up and fully paid 2 2
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
Page 5