COMFY STUFF LIMITED


Director	Syed Zain Kazmi


Registered Address	Jubilee House
	Townsend Lane
	London
	NW9 8TZ


Registered Number	11005431 (England and Wales)

Statement of Financial Position
31 October 2024

	Notes	2024		2023
		£	£	£	£
Current assets
Stocks	3	5,100		7,135
Debtors		1,500		1,000
Cash at bank and on hand		1,910		6,927
		8,510		15,062
Creditors amounts falling due within one year	4	(2,074)		(2,632)
Net current assets (liabilities)			6,436		12,430
Total assets less current liabilities			6,436		12,430
Creditors amounts falling due after one year	5		(10,009)		(11,877)
Net assets			(3,573)		553
Capital and reserves
Called up share capital			100		100
Profit and loss account			(3,673)		453
Shareholders' funds			(3,573)		553

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 7 September 2025, and are signed on its behalf by:

Syed Zain Kazmi
Director
Registered Company No. 11005431

COMFY STUFF LIMITED

Notes to the Financial Statements
for the year ended 31 October 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares registered in England and Wales. Its registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period, and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer. Turnover from the rendering of services is recognised by reference to the completion stage of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer. Turnover from the rendering of services is recognised by reference to the completion stage of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	1		1

3.	Stocks

	2024	2023
	£	£
Finished goods	5,100	7,135
Total	5,100	7,135

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	77	658
Bank borrowings and overdrafts	1,843	1,843
Taxation and social security	154	131
Total	2,074	2,632


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

5.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	10,009	11,877
Total	10,009	11,877