Furniture Direct (High Wycombe) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02519500 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

FURNITURE DIRECT (HIGH WYCOMBE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Hawkins

Mrs M J Hawkins

SECRETARY:

Mrs A Hawkins

REGISTERED OFFICE:

Riverside Business Centre

Victoria Street

High Wycombe

Buckinghamshire

REGISTERED NUMBER:

02519500 (England and Wales)

ACCOUNTANTS:

Whitakers

Chartered Accountants

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

FIXED ASSETS

Tangible assets

4

86,056

86,432

CURRENT ASSETS

Stocks

77,237

65,019

Debtors

5

425

115

Investments

6

2,642

948

Cash at bank and in hand

216,908

211,747

297,212

277,829

CREDITORS

Amounts falling due within one year

7

202,058

160,665

NET CURRENT ASSETS

95,154

117,164

TOTAL ASSETS LESS CURRENT
LIABILITIES

181,210

203,596

PROVISIONS FOR LIABILITIES

532

476

NET ASSETS

180,678

203,120

CAPITAL AND RESERVES

Called up share capital

27,700

Retained earnings

152,978

175,420

SHAREHOLDERS' FUNDS

180,678

203,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 16 July 2025 and were signed on its behalf by:

M J Hawkins - Director

Mrs M J Hawkins - Director

1.	STATUTORY INFORMATION

Furniture Direct (High Wycombe) 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

-

15% on reducing balance

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 5 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

COST

At 1 February 2024

and 31 January 2025

83,926

66,147

150,073

DEPRECIATION

At 1 February 2024

-

63,641

Charge for year

-

376

At 31 January 2025

-

64,017

NET BOOK VALUE

At 31 January 2025

83,926

2,130

86,056

At 31 January 2024

83,926

2,506

86,432

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Prepayments and accrued income

425

115

6.	CURRENT ASSET INVESTMENTS

31.1.25

31.1.24

£

Investments

2,642

948

Listed shares have been included at their market value as at 31st January 2025, with any gain / loss posted to the profit and loss account.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Trade creditors

4,333

7,511

Tax

6,543

2,859

Social security and other taxes

472

520

VAT

4,508

8,035

Other creditors

238

888

Directors' loan accounts

178,958

130,271

Accruals and deferred income

7,006

10,581

202,058

160,665

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs M J Hawkins.