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REGISTERED NUMBER: 05245353 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Furniture Republic Limited

Furniture Republic Limited (Registered number: 05245353)






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


Furniture Republic Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: S A J Bianchi
Mrs E C Bianchi





REGISTERED OFFICE: Second Floor
2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP





REGISTERED NUMBER: 05245353 (England and Wales)





ACCOUNTANTS: D and E Accountancy Ltd
Tax Advisors and Accountants
2nd Floor, 2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

Furniture Republic Limited (Registered number: 05245353)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,421 7,805

CURRENT ASSETS
Debtors 5 5,430 35,599
Cash at bank 94,103 52,390
99,533 87,989
CREDITORS
Amounts falling due within one year 6 9,947 21,427
NET CURRENT ASSETS 89,586 66,562
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,007

74,367

PROVISIONS FOR LIABILITIES 7 1,220 -
NET ASSETS 94,787 74,367

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 94,687 74,267
SHAREHOLDERS' FUNDS 94,787 74,367

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 directors acknowledge their 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.

Furniture Republic Limited (Registered number: 05245353)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:





S A J Bianchi - Director


Furniture Republic Limited (Registered number: 05245353)

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

1. STATUTORY INFORMATION

Furniture Republic 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% 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.

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.

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 2 (2023 - 2 ) .

Furniture Republic Limited (Registered number: 05245353)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 12,786 16,627 29,413
Additions 245 325 570
At 30 September 2024 13,031 16,952 29,983
DEPRECIATION
At 1 October 2023 7,184 14,424 21,608
Charge for year 1,120 834 1,954
At 30 September 2024 8,304 15,258 23,562
NET BOOK VALUE
At 30 September 2024 4,727 1,694 6,421
At 30 September 2023 5,602 2,203 7,805

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 4,529 13,657
Other debtors 901 21,942
5,430 35,599

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors - 5,046
Taxation and social security 4,394 (1,135 )
Other creditors 5,553 17,516
9,947 21,427

7. PROVISIONS FOR LIABILITIES
30.9.24
£   
Deferred tax 1,220

Furniture Republic Limited (Registered number: 05245353)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 (860 )
Charge to Income Statement during year 2,080
Balance at 30 September 2024 1,220

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 October 2023 74,267
Profit for the year 24,420
Dividends (4,000 )
At 30 September 2024 94,687

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr SAJ Bianchi and Mrs EC Bianchi.