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REGISTERED NUMBER: 04569731 (England and Wales)















Unaudited Financial Statements

for the Period 26 October 2022 to 24 October 2023

for

FGS Furnishings Ltd

FGS Furnishings Ltd (Registered number: 04569731)






Contents of the Financial Statements
for the Period 26 October 2022 to 24 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

FGS Furnishings Ltd

Company Information
for the Period 26 October 2022 to 24 October 2023







DIRECTORS: Mr F R Graves
Mr M Graves
Mr D Wells
Mr M Wells





SECRETARY: Mr M Graves





REGISTERED OFFICE: 1a Wharfside Mews
Carre Street
Sleaford
Lincolnshire
NG34 7TR





REGISTERED NUMBER: 04569731 (England and Wales)





ACCOUNTANTS: Prestige Accounting Limited T/A Simon Moss & Co
The Finance Centre
34a Southgate
Sleaford
Lincolnshire
NG34 7RY

FGS Furnishings Ltd (Registered number: 04569731)

Balance Sheet
24 October 2023

24.10.23 25.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 119,056 138,433

CURRENT ASSETS
Stocks 613,169 576,431
Debtors 5 89,240 43,328
Cash at bank 84,221 193,276
786,630 813,035
CREDITORS
Amounts falling due within one year 6 299,897 355,205
NET CURRENT ASSETS 486,733 457,830
TOTAL ASSETS LESS CURRENT
LIABILITIES

605,789

596,263

CREDITORS
Amounts falling due after more than one year 7 (32,500 ) (37,500 )

PROVISIONS FOR LIABILITIES (29,764 ) (26,302 )
NET ASSETS 543,525 532,461

CAPITAL AND RESERVES
Called up share capital 200,000 200,000
Retained earnings 343,525 332,461
SHAREHOLDERS' FUNDS 543,525 532,461

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 24 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 24 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FGS Furnishings Ltd (Registered number: 04569731)

Balance Sheet - continued
24 October 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:





Mr M Graves - Director


FGS Furnishings Ltd (Registered number: 04569731)

Notes to the Financial Statements
for the Period 26 October 2022 to 24 October 2023

1. STATUTORY INFORMATION

FGS Furnishings 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.

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 - 25% on cost and 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 15 (2022 - 18 ) .

FGS Furnishings Ltd (Registered number: 04569731)

Notes to the Financial Statements - continued
for the Period 26 October 2022 to 24 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 26 October 2022 183,451 27,839 65,090 4,959 281,339
Additions - 34,239 - - 34,239
At 24 October 2023 183,451 62,078 65,090 4,959 315,578
DEPRECIATION
At 26 October 2022 93,101 12,815 32,545 4,445 142,906
Charge for period 27,518 9,312 16,272 514 53,616
At 24 October 2023 120,619 22,127 48,817 4,959 196,522
NET BOOK VALUE
At 24 October 2023 62,832 39,951 16,273 - 119,056
At 25 October 2022 90,350 15,024 32,545 514 138,433

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
24.10.23 25.10.22
£    £   
Trade debtors 48,693 33,044
Amounts owed by group undertakings 1,780 1,420
Other debtors 38,767 8,864
89,240 43,328

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
24.10.23 25.10.22
£    £   
Bank loans and overdrafts 5,000 14,800
Trade creditors 236,755 270,756
Amounts owed to group undertakings 19,610 9,547
Taxation and social security 38,532 60,102
299,897 355,205

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
24.10.23 25.10.22
£    £   
Bank loans 32,500 37,500

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,500 12,500

8. RELATED PARTY DISCLOSURES

Included in creditors is an amount due to FGS Properties Limited of £19,610 (2022 - £9,546).

FGS Furnishings Ltd

Report of the Accountants to the Directors of
FGS Furnishings Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 24 October 2023 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Prestige Accounting Limited T/A Simon Moss & Co
The Finance Centre
34a Southgate
Sleaford
Lincolnshire
NG34 7RY


20 February 2025