Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 04189549 Mr Sam Spivack Ms Joanne Spivack iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04189549 2024-03-31 04189549 2025-03-31 04189549 2024-04-01 2025-03-31 04189549 frs-core:CurrentFinancialInstruments 2025-03-31 04189549 frs-core:ComputerEquipment 2025-03-31 04189549 frs-core:ComputerEquipment 2024-04-01 2025-03-31 04189549 frs-core:ComputerEquipment 2024-03-31 04189549 frs-core:FurnitureFittings 2025-03-31 04189549 frs-core:FurnitureFittings 2024-04-01 2025-03-31 04189549 frs-core:FurnitureFittings 2024-03-31 04189549 frs-core:MotorVehicles 2025-03-31 04189549 frs-core:MotorVehicles 2024-04-01 2025-03-31 04189549 frs-core:MotorVehicles 2024-03-31 04189549 frs-core:ShareCapital 2025-03-31 04189549 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04189549 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04189549 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04189549 frs-bus:SmallEntities 2024-04-01 2025-03-31 04189549 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04189549 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04189549 frs-bus:Director1 2024-04-01 2025-03-31 04189549 frs-bus:Director2 2024-04-01 2025-03-31 04189549 frs-countries:EnglandWales 2024-04-01 2025-03-31 04189549 2023-03-31 04189549 2024-03-31 04189549 2023-04-01 2024-03-31 04189549 frs-core:CurrentFinancialInstruments 2024-03-31 04189549 frs-core:ShareCapital 2024-03-31 04189549 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 04189549
Furniture Fusion Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Kalculus
Chartered Accountants, Registered Auditors & Business Advisors
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04189549
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,632 32,239
12,632 32,239
CURRENT ASSETS
Stocks 5 34,704 45,174
Debtors 6 220,213 204,402
Cash at bank and in hand 838,730 1,156,358
1,093,647 1,405,934
Creditors: Amounts Falling Due Within One Year 7 (223,226 ) (510,169 )
NET CURRENT ASSETS (LIABILITIES) 870,421 895,765
TOTAL ASSETS LESS CURRENT LIABILITIES 883,053 928,004
NET ASSETS 883,053 928,004
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 882,953 927,904
SHAREHOLDERS' FUNDS 883,053 928,004
Page 1
Page 2
For the year ending 31 March 2025 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Sam Spivack
Director
23 June 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Furniture Fusion Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04189549 . The registered office is 6 Brookside, Colne Way Industrial Estate, Watford, WD24 7QJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles - 25% straight line.
Fixtures & Fittings - 25% straight line.
Computer Equipment - 25% straight line.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 12)
10 12
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 49,700 2,635 20,085 72,420
Disposals (20,190 ) - - (20,190 )
As at 31 March 2025 29,510 2,635 20,085 52,230
Depreciation
As at 1 April 2024 19,306 1,938 18,937 40,181
Provided during the period 6,810 174 477 7,461
Disposals (8,044 ) - - (8,044 )
As at 31 March 2025 18,072 2,112 19,414 39,598
Net Book Value
As at 31 March 2025 11,438 523 671 12,632
As at 1 April 2024 30,394 697 1,148 32,239
5. Stocks
2025 2024
£ £
Stock 34,704 45,174
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 212,452 179,380
Prepayments and accrued income 7,191 22,202
Other debtors 570 2,820
220,213 204,402
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 145,676 231,292
Corporation tax 20,752 121,871
Other taxes and social security 9,531 11,927
VAT 38,876 105,254
Net wages - 21,217
Other creditors 1,825 886
Accruals and deferred income 6,150 16,631
Directors' loan accounts 416 1,091
223,226 510,169
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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