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REGISTERED NUMBER: 06348949 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

4 FRONT FURNITURE LTD

4 FRONT FURNITURE LTD (REGISTERED NUMBER: 06348949)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


4 FRONT FURNITURE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr D Kazitti
Mrs P A Kazitti





SECRETARY: Mrs P A Kazitti





REGISTERED OFFICE: Crystal Suite
120 Cockfosters Road
Barnet
Hertfordshire
EN4 0DZ





REGISTERED NUMBER: 06348949 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

4 FRONT FURNITURE LTD (REGISTERED NUMBER: 06348949)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 725,243 773,386

CURRENT ASSETS
Stocks 5 301,236 300,590
Debtors 6 1,524,927 1,485,600
Cash at bank and in hand 602,997 81,832
2,429,160 1,868,022
CREDITORS
Amounts falling due within one year 7 940,863 844,246
NET CURRENT ASSETS 1,488,297 1,023,776
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,213,540

1,797,162

CREDITORS
Amounts falling due after more than one
year

8

(290,963

)

(454,088

)

PROVISIONS FOR LIABILITIES (126,403 ) (126,403 )
NET ASSETS 1,796,174 1,216,671

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 1,795,174 1,215,671
SHAREHOLDERS' FUNDS 1,796,174 1,216,671

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

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

4 FRONT FURNITURE LTD (REGISTERED NUMBER: 06348949)

BALANCE SHEET - continued
30 JUNE 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2025 and were signed on its behalf by:





Mr D Kazitti - Director


4 FRONT FURNITURE LTD (REGISTERED NUMBER: 06348949)

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


1. STATUTORY INFORMATION

4 Front Furniture 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 represents amounts derived from the sale of goods to customers during the year, and is recognised at the date the risks and rewards of ownership of goods were transferred to the customer. This is stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the term of lease
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

4 FRONT FURNITURE LTD (REGISTERED NUMBER: 06348949)

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


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

Operating leases
Rentals under operating leases are charged to the profit and loss account on a straight line basis over the term of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 July 2023 102,083 694,753 177,879
Additions - - -
Disposals - - -
At 30 June 2024 102,083 694,753 177,879
DEPRECIATION
At 1 July 2023 32,715 146,959 123,270
Charge for year 6,937 54,779 8,191
Eliminated on disposal - - -
At 30 June 2024 39,652 201,738 131,461
NET BOOK VALUE
At 30 June 2024 62,431 493,015 46,418
At 30 June 2023 69,368 547,794 54,609

4 FRONT FURNITURE LTD (REGISTERED NUMBER: 06348949)

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


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 254,255 32,887 1,261,857
Additions 83,290 1,629 84,919
Disposals (117,815 ) - (117,815 )
At 30 June 2024 219,730 34,516 1,228,961
DEPRECIATION
At 1 July 2023 165,830 19,697 488,471
Charge for year 19,812 3,705 93,424
Eliminated on disposal (78,177 ) - (78,177 )
At 30 June 2024 107,465 23,402 503,718
NET BOOK VALUE
At 30 June 2024 112,265 11,114 725,243
At 30 June 2023 88,425 13,190 773,386

5. STOCKS
30.6.24 30.6.23
£    £   
Stocks 301,236 300,590

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 429,940 835,037
Amounts due by related parties 1,091,164 591,560
Tax - 56,309
Prepayments 3,823 2,694
1,524,927 1,485,600

4 FRONT FURNITURE LTD (REGISTERED NUMBER: 06348949)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 191,880 193,100
Hire purchase contracts 25,604 4,869
Trade creditors 337,582 425,715
Tax 258,658 57,606
Social security and other taxes 7,333 13,617
Net Wages - 30,840
Pension 1,154 1,415
VAT 88,198 104,092
Other creditors 26,454 8,472
Directors' current accounts - 520
Accrued expenses 4,000 4,000
940,863 844,246

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 163,713 193,100
Bank loans - 2-5 years 96,899 258,148
Hire purchase contracts 30,351 2,840
290,963 454,088

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. ULTIMATE CONTROLLING PARTY

No single party controls the company. The shareholdings are equally held by the directors Mr and Mrs Kazitti.