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Registered number: 01258289
Deanswood Contract Furnishings Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
TaxAssist Accountants
Chartered Accountants
714 London Road
Larkfield
KENT
ME20 6BL
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 01258289
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 164,922 174,221
164,922 174,221
CURRENT ASSETS
Stocks 5 124,054 39,465
Debtors 6 45,996 103,458
Cash at bank and in hand 7,337 31,755
177,387 174,678
Creditors: Amounts Falling Due Within One Year 7 (273,777 ) (266,894 )
NET CURRENT ASSETS (LIABILITIES) (96,390 ) (92,216 )
TOTAL ASSETS LESS CURRENT LIABILITIES 68,532 82,005
Creditors: Amounts Falling Due After More Than One Year 8 (22,200 ) (44,256 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (38,361 ) (6,528 )
NET ASSETS 7,971 31,221
CAPITAL AND RESERVES
Called up share capital 9 1,240 1,240
Share premium account (244 ) (244 )
Income Statement 6,975 30,225
SHAREHOLDERS' FUNDS 7,971 31,221
Page 1
Page 2
For the year ending 31 December 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.
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 Income Statement.
On behalf of the board
David Porter
Director
Keith Porter
Director
31/01/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Deanswood Contract Furnishings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01258289 . The registered office is 1 Southern House Anthony's Way, Medway City Estate, Rochester, KENT, ME2 4DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Freehold 1% on cost
Plant & Machinery 15% reducing balance/33.33% straight line
Motor Vehicles 25% reducing balance
Computer Equipment 50% straight line / 25% straight line
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 income statement 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 income statement as incurred.
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2.5. Stocks and Work in Progress
Stocks and work in progress 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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was  16 (2023: 17)
16 17
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 138,138 156,382 37,638 865 333,023
Additions - - - 2,182 2,182
Disposals - - (15,639 ) - (15,639 )
As at 31 December 2024 138,138 156,382 21,999 3,047 319,566
Depreciation
As at 1 January 2024 11,049 119,922 26,966 865 158,802
...CONTINUED
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Provided during the period 1,381 5,842 2,320 546 10,089
Disposals - - (14,247 ) - (14,247 )
As at 31 December 2024 12,430 125,764 15,039 1,411 154,644
Net Book Value
As at 31 December 2024 125,708 30,618 6,960 1,636 164,922
As at 1 January 2024 127,089 36,460 10,672 - 174,221
5. Stocks
2024 2023
£ £
Finished goods 124,054 39,465
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 43,036 97,373
Prepayments and accrued income 2,960 6,048
Net wages - 37
45,996 103,458
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 5,126
Trade creditors 75,695 29,184
Bank loans and overdrafts 14,435 14,421
Corporation tax 26,877 35,884
Other taxes and social security 4,101 4,782
VAT 6,724 38,698
Other creditors 111,695 97,226
Short term other loans 18,306 25,834
Accruals and deferred income 2,270 1,925
Directors' loan accounts 13,674 13,814
273,777 266,894
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,033 20,089
Bounce Back loan 14,167 24,167
22,200 44,256
Included within long term creditors is a bounce bank loan from Barclays. The loan is for a duration of 6 years, with payments starting on June 2021. Interest is charged at 2.5%. 
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,240 1,240
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