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REGISTERED NUMBER: 04444825 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

VILLIERS FURNITURE LIMITED

VILLIERS FURNITURE LIMITED (REGISTERED NUMBER: 04444825)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


VILLIERS FURNITURE LIMITED (REGISTERED NUMBER: 04444825)

ABRIDGED BALANCE SHEET
31ST JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,270 19,232

CURRENT ASSETS
Stocks 49,684 59,198
Debtors 7,352 8,271
Cash at bank 23,444 109,518
80,480 176,987
CREDITORS
Amounts falling due within one year 42,723 130,626
NET CURRENT ASSETS 37,757 46,361
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,027

65,593

CREDITORS
Amounts falling due after more than
one year

(55,000

)

(50,000

)

PROVISIONS FOR LIABILITIES (1,339 ) (3,043 )
NET ASSETS 2,688 12,550

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 6 2,588 12,450
SHAREHOLDERS' FUNDS 2,688 12,550

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

VILLIERS FURNITURE LIMITED (REGISTERED NUMBER: 04444825)

ABRIDGED BALANCE SHEET - continued
31ST JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th December 2024 and were signed by:





T S Villiers - Director


VILLIERS FURNITURE LIMITED (REGISTERED NUMBER: 04444825)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Villiers Furniture Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04444825

Registered office: Hatfield Park Farm
Bishops Stortford
Hertfordshire
CM22 6NG

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Stocks
Stocks 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.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially as transaction value and subsequently measured at their settlement value. The company has no bank loans or other more complex financial instruments that require measurement at amortised cost using the effective interest method.


VILLIERS FURNITURE LIMITED (REGISTERED NUMBER: 04444825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

VILLIERS FURNITURE LIMITED (REGISTERED NUMBER: 04444825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st August 2023 25,071
Additions 10,116
Disposals (4,400 )
At 31st July 2024 30,787
DEPRECIATION
At 1st August 2023 5,839
Charge for year 3,741
Eliminated on disposal (63 )
At 31st July 2024 9,517
NET BOOK VALUE
At 31st July 2024 21,270
At 31st July 2023 19,232

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

6. RESERVES
Retained
earnings
£   

At 1st August 2023 12,450
Deficit for the year (8,362 )
Dividends (1,500 )
At 31st July 2024 2,588

7. ULTIMATE CONTROLLING PARTY

The controlling party is T S Villiers.

The ultimate controlling party is T S Villiers.