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REGISTERED NUMBER: 05512815 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Encompass Furniture & Accessories Ltd

Encompass Furniture & Accessories Ltd (Registered number: 05512815)






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

Report of the Accountants 8

Encompass Furniture & Accessories Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: S S Ray





REGISTERED OFFICE: Unit 14
Durleighmarsh
Petersfield
GU31 5AX





REGISTERED NUMBER: 05512815 (England and Wales)





ACCOUNTANTS: Moss & Co (Direct Accounts) Limited
Rapley House
29 Creek Road
Hayling Island
Hampshire
PO11 9QZ

Encompass Furniture & Accessories Ltd (Registered number: 05512815)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 26,752 33,473
26,753 33,474

CURRENT ASSETS
Debtors 6 50,739 25,974
Cash at bank 117,666 197,962
168,405 223,936
CREDITORS
Amounts falling due within one year 7 68,310 63,992
NET CURRENT ASSETS 100,095 159,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,848

193,418

CREDITORS
Amounts falling due after more than
one year

8

(18,019

)

(25,408

)

PROVISIONS FOR LIABILITIES (5,079 ) (6,356 )
NET ASSETS 103,750 161,654

CAPITAL AND RESERVES
Called up share capital 9 102 102
Retained earnings 10 103,648 161,552
SHAREHOLDERS' FUNDS 103,750 161,654

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.

Encompass Furniture & Accessories Ltd (Registered number: 05512815)

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 29 July 2025 and were signed by:





S S Ray - Director


Encompass Furniture & Accessories Ltd (Registered number: 05512815)

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

1. STATUTORY INFORMATION

Encompass Furniture & Accessories 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor van - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.


Encompass Furniture & Accessories Ltd (Registered number: 05512815)

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2024 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 34,000
AMORTISATION
At 1 April 2024
and 31 March 2025 33,999
NET BOOK VALUE
At 31 March 2025 1
At 31 March 2024 1

Encompass Furniture & Accessories Ltd (Registered number: 05512815)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings Motor van equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 1,564 1,885 64,378 4,330 72,157
Additions 534 163 - 1,501 2,198
At 31 March 2025 2,098 2,048 64,378 5,831 74,355
DEPRECIATION
At 1 April 2024 1,073 1,549 32,257 3,805 38,684
Charge for year 257 125 8,030 507 8,919
At 31 March 2025 1,330 1,674 40,287 4,312 47,603
NET BOOK VALUE
At 31 March 2025 768 374 24,091 1,519 26,752
At 31 March 2024 491 336 32,121 525 33,473

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor van
£   
COST
At 1 April 2024
and 31 March 2025 64,378
DEPRECIATION
At 1 April 2024 32,257
Charge for year 8,030
At 31 March 2025 40,287
NET BOOK VALUE
At 31 March 2025 24,091
At 31 March 2024 32,121

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 50,739 12,422
Other debtors - 13,552
50,739 25,974

Encompass Furniture & Accessories Ltd (Registered number: 05512815)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 18,807 -
Hire purchase contracts 6,103 4,818
Trade creditors 20,514 29,223
Taxation and social security 18,193 28,626
Other creditors 4,693 1,325
68,310 63,992

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 18,019 25,408

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100 Ordinary £1 100 100
1 Ordinary B Non Voting £1 1 1
1 Ordinary C Non Voting £1 1 1
102 102

10. RESERVES
Retained
earnings
£   

At 1 April 2024 161,552
Profit for the year 24,600
Dividends (82,504 )
At 31 March 2025 103,648

Encompass Furniture & Accessories Ltd

Report of the Accountants to the Director of
Encompass Furniture & Accessories Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Moss & Co (Direct Accounts) Limited
Rapley House
29 Creek Road
Hayling Island
Hampshire
PO11 9QZ


29 July 2025