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REGISTERED NUMBER: 08926184 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

KINGS OFFICE FURNITURE LIMITED

KINGS OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 08926184)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Balance sheet 1

Notes to the financial statements 3


KINGS OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 08926184)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 87,523 84,156
Investments 6 45,000 24,000
132,523 108,156

Current assets
Stocks 40,000 40,000
Debtors 7 220,299 160,442
Cash at bank 1,545,896 2,331,450
1,806,195 2,531,892
Creditors
Amounts falling due within one year 8 325,675 398,545
Net current assets 1,480,520 2,133,347
Total assets less current liabilities 1,613,043 2,241,503

Provisions for liabilities 9 20,766 19,680
Net assets 1,592,277 2,221,823

Capital and reserves
Called up share capital 10 120 120
Retained earnings 1,592,157 2,221,703
Shareholders' funds 1,592,277 2,221,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

KINGS OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 08926184)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





Mr A Mayer - Director


KINGS OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 08926184)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. Statutory information

Kings Office Furniture Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08926184. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and the business address is Unit 6 Northbrook Industrial Estate, Vincent Avenue, Hollybrook, Southampton, Hampshire, SO16 6PB.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the fair value of the consideration receivable, excluding discounts, rebates, VAT and other sales taxes for goods and services provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, has been amortised over its expected useful economic life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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
Motor vehicles - 25% on reducing balance

Investments in associates
Investments in associate undertakings are included at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

KINGS OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 08926184)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 11 (2023 - 10 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 October 2023
and 30 September 2024 25,000
Amortisation
At 1 October 2023
and 30 September 2024 25,000
Net book value
At 30 September 2024 -
At 30 September 2023 -

5. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 October 2023 9,189 45,786 112,036 167,011
Additions 3,998 - 28,854 32,852
Disposals - - (18,920 ) (18,920 )
At 30 September 2024 13,187 45,786 121,970 180,943
Depreciation
At 1 October 2023 3,748 32,301 46,806 82,855
Charge for year 1,416 2,022 22,680 26,118
Eliminated on disposal - - (15,553 ) (15,553 )
At 30 September 2024 5,164 34,323 53,933 93,420
Net book value
At 30 September 2024 8,023 11,463 68,037 87,523
At 30 September 2023 5,441 13,485 65,230 84,156

KINGS OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 08926184)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. Fixed asset investments
Interest
in
associate
£   
Cost or valuation
At 1 October 2023 24,000
Revaluations 21,000
At 30 September 2024 45,000
Net book value
At 30 September 2024 45,000
At 30 September 2023 24,000

Cost or valuation at 30 September 2024 is represented by:

Interest
in
associate
£   
Valuation in 2023 2,000
Valuation in 2024 21,000
Cost 22,000
45,000

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 176,880 126,168
Amounts owed by associates 37,795 29,000
Prepayments & accrued income 5,624 5,274
220,299 160,442

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 52,355 83,570
Tax 201,337 201,302
Social security and other taxes 5,664 4,317
Pensions creditor 152 157
VAT 58,252 85,489
Other creditors 2,834 -
Directors' current accounts 86 18,470
Accruals and deferred income 4,995 5,240
325,675 398,545

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 20,766 19,680

KINGS OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 08926184)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


9. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 October 2023 19,680
Charge to Income statement during year 1,086
Balance at 30 September 2024 20,766

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 'A' Ordinary £1 100 100
10 'B' Ordinary £1 10 10
10 'C' Ordinary £1 10 10
120 120

11. Ultimate controlling party

The company is controlled by the director, Mr A Mayer, by virtue of his 51% ownership of the issued voting share capital.