Company Registration No. 14270885 (England and Wales)
Spot On Furniture Ltd
Unaudited accounts
for the year ended 31 August 2024
Spot On Furniture Ltd
Unaudited accounts
Contents
Spot On Furniture Ltd
Company Information
for the year ended 31 August 2024
Company Number
14270885 (England and Wales)
Spot On Furniture Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
17,127
8,193
Cash at bank and in hand
6,145
1,404
Creditors: amounts falling due within one year
(3,624)
(6,482)
Net current assets/(liabilities)
3,160
(5,078)
Profit and loss account
20,287
3,115
Shareholders' funds
20,287
3,115
For the year ending 31 August 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 her 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 28 May 2025 and were signed on its behalf by
Hafsa BEGUM
Director
Company Registration No. 14270885
Spot On Furniture Ltd
Notes to the Accounts
for the year ended 31 August 2024
Spot On Furniture Ltd is a private company, limited by shares, registered in England and Wales, registration number 14270885.
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 rate of 18% in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2023
-
9,245
-
746
9,991
Additions
1,200
-
9,800
-
11,000
At 31 August 2024
1,200
9,245
9,800
746
20,991
At 1 September 2023
-
1,664
-
134
1,798
Charge for the year
216
-
1,764
86
2,066
At 31 August 2024
216
1,664
1,764
220
3,864
At 31 August 2024
984
7,581
8,036
526
17,127
At 31 August 2023
-
7,581
-
612
8,193
Amounts falling due within one year
Spot On Furniture Ltd
Notes to the Accounts
for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,624
-
Loans from directors
-
6,482
7
Average number of employees
During the year the average number of employees was 4 (2023: 2).