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Registration number: 04104530

Randalls Office Furniture Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 April 2025

 

Randalls Office Furniture Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Randalls Office Furniture Limited

Company Information

Directors

Mr Tony Randall

Mrs Heather Randall

Company secretary

Mrs Heather Randall

Registered office

2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA

Accountants

Stone & Co Chartered Accountants
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA

 

Randalls Office Furniture Limited

(Registration number: 04104530)
Balance Sheet as at 30 April 2025

Note

2025
£

2024
£

         

Fixed assets

   

Tangible assets

5

 

291

1,418

Current assets

   

Stocks

6

129,194

 

6,500

Debtors

7

106,839

 

76,159

Cash at bank and in hand

 

285,722

 

81,730

 

521,755

 

164,389

Creditors: Amounts falling due within one year

8

(544,790)

 

(127,077)

Net current (liabilities)/assets

   

(23,035)

37,312

Total assets less current liabilities

   

(22,744)

38,730

Creditors: Amounts falling due after more than one year

8

 

(1,964)

(11,964)

Provisions for liabilities

 

(41)

(206)

Net (liabilities)/assets

   

(24,749)

26,560

Capital and reserves

   

Called up share capital

100

 

100

Retained earnings

(24,849)

 

26,460

Shareholders' (deficit)/funds

   

(24,749)

26,560

 

Randalls Office Furniture Limited

(Registration number: 04104530)
Balance Sheet as at 30 April 2025

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 July 2025 and signed on its behalf by:
 

.........................................

Mr Tony Randall
Director

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Randalls Office Furniture Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA
United Kingdom

These financial statements were authorised for issue by the Board on 10 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Randalls Office Furniture Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% Straight Line

Office Equipment

25% Straight Line

Website

25% Straight Line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Straight Line over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Randalls Office Furniture Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Randalls Office Furniture Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 3).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 May 2024

12,500

12,500

At 30 April 2025

12,500

12,500

Amortisation

At 1 May 2024

12,500

12,500

At 30 April 2025

12,500

12,500

Carrying amount

At 30 April 2025

-

-

5

Tangible assets

Land and buildings
£

Website
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 May 2024

10,180

5,821

20,443

14,500

At 30 April 2025

10,180

5,821

20,443

14,500

Depreciation

At 1 May 2024

9,633

5,601

19,792

14,500

Charge for the year

469

162

496

-

At 30 April 2025

10,102

5,763

20,288

14,500

Carrying amount

At 30 April 2025

78

58

155

-

At 30 April 2024

547

220

651

-

 

Randalls Office Furniture Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Total
£

Cost or valuation

At 1 May 2024

50,944

At 30 April 2025

50,944

Depreciation

At 1 May 2024

49,526

Charge for the year

1,127

At 30 April 2025

50,653

Carrying amount

At 30 April 2025

291

At 30 April 2024

1,418

Included within the net book value of land and buildings above is £78 (2024 - £547) in respect of freehold land and buildings.
 

6

Stocks

2025
£

2024
£

Other inventories

129,194

6,500

7

Debtors

Current

2025
£

2024
£

Trade debtors

105,747

71,625

Prepayments

940

897

Other debtors

152

3,637

 

106,839

76,159

 

Randalls Office Furniture Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

8

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

10,000

10,000

Trade creditors

 

196,108

54,524

Taxation and social security

 

33,678

14,098

Accruals and deferred income

 

304,239

47,690

Other creditors

 

765

765

 

544,790

127,077

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

1,964

11,964

9

Related party transactions

Transactions with directors

2025

At 1 May 2024
£

At 30 April 2025
£

Mr Tony Randall

Director's Loan Account

(265)

(265)

2024

At 1 May 2023
£

Advances to director
£

Repayments by director
£

At 30 April 2024
£

Mr Tony Randall

Director's Loan Account

(505)

6,240

(6,000)

(265)

Loans to related parties

2025

Key management
£

Total
£

At start of period

500

500

At end of period

500

500

 

Randalls Office Furniture Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

2024

Key management
£

Total
£

At start of period

500

500

At end of period

500

500

Terms of loans to related parties

A loan to Seating Online Ltd, a company with which the director has a shared interest.