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REGISTERED NUMBER: 08266510 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

FURNITURE LONDON LTD

FURNITURE LONDON LTD (REGISTERED NUMBER: 08266510)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FURNITURE LONDON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Y Herman





REGISTERED OFFICE: Unit 7
10 Manor Road
Stamford Hill
London
N16 5SA





REGISTERED NUMBER: 08266510 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

FURNITURE LONDON LTD (REGISTERED NUMBER: 08266510)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 99,280 120,121

CURRENT ASSETS
Stocks 5 154,555 151,432
Debtors 6 56,156 47,293
Cash at bank and in hand 2,763 8,940
213,474 207,665
CREDITORS
Amounts falling due within one year 7 (464,465 ) (435,311 )
NET CURRENT LIABILITIES (250,991 ) (227,646 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(151,711

)

(107,525

)

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 (151,712 ) (107,526 )
SHAREHOLDERS' FUNDS (151,711 ) (107,525 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 January 2025 and were signed by:





Y Herman - Director


FURNITURE LONDON LTD (REGISTERED NUMBER: 08266510)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Furniture London Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2022 8,750 159,097 25,686 193,533
Additions - - 350 350
At 31 October 2023 8,750 159,097 26,036 193,883
DEPRECIATION
At 1 November 2022 1,313 63,402 8,697 73,412
Charge for year 1,115 14,354 5,722 21,191
At 31 October 2023 2,428 77,756 14,419 94,603
NET BOOK VALUE
At 31 October 2023 6,322 81,341 11,617 99,280
At 31 October 2022 7,437 95,695 16,989 120,121

FURNITURE LONDON LTD (REGISTERED NUMBER: 08266510)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. STOCKS
31.10.23 31.10.22
£    £   
Stocks 154,555 151,432

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 45,958 38,985
Other debtors 10,198 8,308
56,156 47,293

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 27,445 37,272
Trade creditors 173,618 174,179
Taxation and social security 40,427 27,521
Other creditors 222,975 196,339
464,465 435,311

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 27,443 37,272

Under the bank loan, £27,443 (2022: £37,272) was due under the Bounce Back Loan Scheme (BBLS). The loan is unsecured, interest-free for the first year, then capped at 2.5% afterwards and backed by HM Government.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained
earnings
£   

At 1 November 2022 (107,526 )
Deficit for the year (44,186 )
At 31 October 2023 (151,712 )

FURNITURE LONDON LTD (REGISTERED NUMBER: 08266510)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs Sarah Herman.