Company Registration No. 06922734 (England and Wales)
Sherwood Forest Furniture Limited
Unaudited accounts
for the year ended 31 May 2024
Sherwood Forest Furniture Limited
Unaudited accounts
Contents
Sherwood Forest Furniture Limited
Company Information
for the year ended 31 May 2024
Company Number
06922734 (England and Wales)
Registered Office
464 Shoreham Street
Sheffield
South Yorkshire
S2 4FD
England
Accountants
Abacus Accounting Services
66 Abbeydale Rd
Sheffield
S7 1FD
Sherwood Forest Furniture Limited
Statement of financial position
as at 31 May 2024
Tangible assets
159,738
35,738
Cash at bank and in hand
6,707
7,104
Creditors: amounts falling due within one year
(53,351)
(4,216)
Net current (liabilities)/assets
(19,734)
5,888
Total assets less current liabilities
140,004
41,626
Creditors: amounts falling due after more than one year
(201,937)
(109,945)
Net liabilities
(61,933)
(68,319)
Called up share capital
1
1
Profit and loss account
(61,934)
(68,320)
Shareholders' funds
(61,933)
(68,319)
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 24 February 2025 and were signed on its behalf by
Mr B Ostojin
Director
Company Registration No. 06922734
Sherwood Forest Furniture Limited
Notes to the Accounts
for the year ended 31 May 2024
Sherwood Forest Furniture Limited is a private company, limited by shares, registered in England and Wales, registration number 06922734. The registered office is 464 Shoreham Street, Sheffield, South Yorkshire, S2 4FD, England.
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 year, 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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 June 2023
9,831
25,907
35,738
Additions
-
124,000
124,000
At 31 May 2024
9,831
149,907
159,738
At 31 May 2024
9,831
149,907
159,738
At 31 May 2023
9,831
25,907
35,738
Amounts falling due within one year
Other debtors
26,910
3,000
Sherwood Forest Furniture Limited
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
43,519
4,216
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
160,621
68,629
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).