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Company Registration No. 07298166 (England and Wales)
Sr Furniture Limited Unaudited accounts for the year ended 30 June 2024
Sr Furniture Limited Unaudited accounts Contents
Page
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Sr Furniture Limited Company Information for the year ended 30 June 2024
Directors
J Payne S Payne
Company Number
07298166 (England and Wales)
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Sr Furniture Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
542,809 
599,943 
Current assets
Inventories
76,024 
121,455 
Debtors
404,470 
306,337 
Cash at bank and in hand
212,211 
199,589 
692,705 
627,381 
Creditors: amounts falling due within one year
(646,273)
(402,092)
Net current assets
46,432 
225,289 
Total assets less current liabilities
589,241 
825,232 
Creditors: amounts falling due after more than one year
(80,081)
(267,364)
Net assets
509,160 
557,868 
Capital and reserves
Called up share capital
102 
102 
Profit and loss account
509,058 
557,766 
Shareholders' funds
509,160 
557,868 
For the year ending 30 June 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by
S Payne Director Company Registration No. 07298166
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Sr Furniture Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Sr Furniture Limited is a private company, limited by shares, registered in England and Wales, registration number 07298166.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
1,174,905 
169,836 
30,784 
1,375,525 
Additions
40,000 
65,954 
4,491 
110,445 
At 30 June 2024
1,214,905 
235,790 
35,275 
1,485,970 
Depreciation
At 1 July 2023
701,761 
57,337 
16,484 
775,582 
Charge for the year
119,119 
44,613 
3,847 
167,579 
At 30 June 2024
820,880 
101,950 
20,331 
943,161 
Net book value
At 30 June 2024
394,025 
133,840 
14,944 
542,809 
At 30 June 2023
473,144 
112,499 
14,300 
599,943 
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Sr Furniture Limited Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
176,300 
102,937 
Amounts due from group undertakings etc.
189,754 
148,712 
Accrued income and prepayments
38,416 
32,748 
Other debtors
- 
21,940 
404,470 
306,337 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
35,000 
35,000 
VAT
46,690 
23,346 
Obligations under finance leases and hire purchase contracts
152,283 
89,329 
Trade creditors
164,988 
97,815 
Taxes and social security
60,375 
7,482 
Other creditors
105,247 
84,712 
Loans from directors
78,532 
60,131 
Accruals
3,158 
4,277 
646,273 
402,092 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
32,084 
67,084 
Obligations under finance leases and hire purchase contracts
47,997 
200,280 
80,081 
267,364 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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