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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
Page
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Spot On Furniture Ltd Company Information for the year ended 31 August 2024
Director
Hafsa BEGUM
Company Number
14270885 (England and Wales)
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Spot On Furniture Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,127 
8,193 
Current assets
Debtors
639 
- 
Cash at bank and in hand
6,145 
1,404 
6,784 
1,404 
Creditors: amounts falling due within one year
(3,624)
(6,482)
Net current assets/(liabilities)
3,160 
(5,078)
Net assets
20,287 
3,115 
Capital and reserves
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
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Spot On Furniture Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
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 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 
Depreciation
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 
Net book value
At 31 August 2024
984 
7,581 
8,036 
526 
17,127 
At 31 August 2023
- 
7,581 
- 
612 
8,193 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
639 
- 
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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 
3,624 
6,482 
7
Average number of employees
During the year the average number of employees was 4 (2023: 2).
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