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REGISTERED NUMBER: 09700024 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Trent Furniture Limited

Trent Furniture Limited (Registered number: 09700024)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Trent Furniture Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: R J Price





REGISTERED OFFICE: Regent Street Industrial Estate
Regent Street
Narborough
Leicester
LE19 2DS





REGISTERED NUMBER: 09700024 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Trent Furniture Limited (Registered number: 09700024)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 246,937 304,937
Tangible assets 5 301,608 264,186
548,545 569,123

CURRENT ASSETS
Stocks 1,461,165 1,193,266
Debtors 6 707,677 656,020
Cash at bank 1,255,212 1,646,765
3,424,054 3,496,051
CREDITORS
Amounts falling due within one year 7 (1,916,346 ) (2,214,145 )
NET CURRENT ASSETS 1,507,708 1,281,906
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,056,253

1,851,029

PROVISIONS FOR LIABILITIES (61,148 ) (61,148 )
NET ASSETS 1,995,105 1,789,881

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,995,104 1,789,880
1,995,105 1,789,881

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Trent Furniture Limited (Registered number: 09700024)

Balance Sheet - continued
30 September 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2025 and were signed by:





R J Price - Director


Trent Furniture Limited (Registered number: 09700024)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Trent Furniture Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Trent Furniture Limited (Registered number: 09700024)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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 23 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 580,000
AMORTISATION
At 1 October 2023 275,063
Amortisation for year 58,000
At 30 September 2024 333,063
NET BOOK VALUE
At 30 September 2024 246,937
At 30 September 2023 304,937

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2023 4,500 112,703 155,096
Additions - 24,384 346
At 30 September 2024 4,500 137,087 155,442
DEPRECIATION
At 1 October 2023 - 34,755 72,533
Charge for year - 15,349 12,436
At 30 September 2024 - 50,104 84,969
NET BOOK VALUE
At 30 September 2024 4,500 86,983 70,473
At 30 September 2023 4,500 77,948 82,563

Trent Furniture Limited (Registered number: 09700024)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 221,824 11,392 505,515
Additions 81,980 7,268 113,978
At 30 September 2024 303,804 18,660 619,493
DEPRECIATION
At 1 October 2023 127,062 6,979 241,329
Charge for year 44,186 4,585 76,556
At 30 September 2024 171,248 11,564 317,885
NET BOOK VALUE
At 30 September 2024 132,556 7,096 301,608
At 30 September 2023 94,762 4,413 264,186

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 31,359 77,627
Other debtors 676,318 578,393
707,677 656,020

Other debtors includes prepayments and accrued income of £143,681 (2023 - £147,584)

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 244,557 73,067
Amounts owed to group undertakings 1,343,654 1,692,726
Taxation and social security 211,771 367,802
Other creditors 116,364 80,550
1,916,346 2,214,145

Other creditors includes accruals and deferred income of £98,281 (2023 - £59,007)

8. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £1,073,921 (2023: £1,235,274).