Company Registration No. 10532580 (England and Wales)
Totnes Home Furnishings Ltd
Unaudited accounts
for the period from 1 April 2024 to 28 February 2025
Totnes Home Furnishings Ltd
Unaudited accounts
Contents
Totnes Home Furnishings Ltd
Company Information
for the period from 1 April 2024 to 28 February 2025
Directors
Mr Paul Haynes
Mr Damien Murphy
Company Number
10532580 (England and Wales)
Registered Office
Totnes Home Furnishings Ltd
China Blue
Station Road
Totnes
TQ9 5JR
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons)
South Devon Accounting Ltd
6 Orchard Close
Ogwell
Newton Abbot
TQ12 6AL
Totnes Home Furnishings Ltd
Statement of financial position
as at 28 February 2025
Cash at bank and in hand
1,438
19,556
Creditors: amounts falling due within one year
(3,138)
(27,326)
Net current (liabilities)/assets
(1,700)
3,972
Total assets less current liabilities
(1,700)
3,972
Creditors: amounts falling due after more than one year
(1,200)
(3,600)
Net (liabilities)/assets
(2,900)
372
Called up share capital
2
2
Profit and loss account
(2,902)
370
Shareholders' funds
(2,900)
372
For the period ending 28 February 2025 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 19 March 2025 and were signed on its behalf by
Mr Paul Haynes
Director
Company Registration No. 10532580
Totnes Home Furnishings Ltd
Notes to the Accounts
for the period from 1 April 2024 to 28 February 2025
Totnes Home Furnishings Ltd is a private company, limited by shares, registered in England and Wales, registration number 10532580. The registered office is Totnes Home Furnishings Ltd, China Blue , Station Road, Totnes, TQ9 5JR.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Motor vehicles
25% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Totnes Home Furnishings Ltd
Notes to the Accounts
for the period from 1 April 2024 to 28 February 2025
4
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
2,400
2,400
Taxes and social security
(164)
164
Loans from directors
567
19,179
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the period the average number of employees was 2 (2024: 2).