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REGISTERED NUMBER: 08528315 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2025

for

Furn Contracts Ltd

Furn Contracts Ltd (Registered number: 08528315)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Furn Contracts Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: Simon Furnival





REGISTERED OFFICE: Unit 5 Wickham Business Park,
Honeywood Road
Basildon
Essex
SS14 3EQ





REGISTERED NUMBER: 08528315 (England and Wales)





ACCOUNTANTS: Robert Lewis Accountants
4 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ

Furn Contracts Ltd (Registered number: 08528315)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,135 55,452

CURRENT ASSETS
Stocks 70,834 -
Debtors 5 433,314 454,336
Cash at bank and in hand 106,225 31,225
610,373 485,561
CREDITORS
Amounts falling due within one year 6 446,899 315,342
NET CURRENT ASSETS 163,474 170,219
TOTAL ASSETS LESS CURRENT
LIABILITIES

210,609

225,671

CREDITORS
Amounts falling due after more than one
year

7

(43,547

)

(97,758

)

PROVISIONS FOR LIABILITIES (8,956 ) (10,536 )
NET ASSETS 158,106 117,377

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 157,806 117,077
SHAREHOLDERS' FUNDS 158,106 117,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Furn Contracts Ltd (Registered number: 08528315)

Balance Sheet - continued
31 March 2025


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

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 6 June 2025 and were signed by:





Simon Furnival - Director


Furn Contracts Ltd (Registered number: 08528315)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Furn Contracts Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 17 (2024 - 14 ) .

Furn Contracts Ltd (Registered number: 08528315)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024
and 31 March 2025 116,645
DEPRECIATION
At 1 April 2024 61,193
Charge for year 8,317
At 31 March 2025 69,510
NET BOOK VALUE
At 31 March 2025 47,135
At 31 March 2024 55,452

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 328,022 421,573
Amounts owed by group undertakings 88,633 -
Other debtors 16,659 32,763
433,314 454,336

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 41,858 41,858
Hire purchase contracts 13,071 13,071
Trade creditors 63,550 2,963
Amounts owed to group undertakings 20,402 25,246
Taxation and social security 303,463 166,259
Other creditors 4,555 65,945
446,899 315,342

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 27,208 68,349
Hire purchase contracts 16,339 29,409
43,547 97,758

8. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr Simon Furnival by virtue of a major shareholding.