REGISTERED NUMBER: 05318410 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Furnicon Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Amos

A R Green

SECRETARY:

REGISTERED OFFICE:

Horley Green House

Horley Green Road

Claremount

Halifax

West Yorkshire

HX3 6AS

REGISTERED NUMBER:

05318410 (England and Wales)

ACCOUNTANTS:

Horley Green Chartered Accountants

Horley Green House

Horley Green Road

Claremount

Halifax

West Yorkshire

HX3 6AS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

59,986

79,882

59,986

79,882

CURRENT ASSETS

Stocks

16,000

16,000

Debtors

6

33,579

65,561

Cash at bank

106,481

126,284

156,060

207,845

CREDITORS

Amounts falling due within one year

7

133,120

152,196

NET CURRENT ASSETS

22,940

55,649

TOTAL ASSETS LESS CURRENT LIABILITIES

82,926

135,531

CREDITORS

Amounts falling due after more than one year

8

(13,788

)

(23,788

)

PROVISIONS FOR LIABILITIES

9

(10,145

)

(13,846

)

NET ASSETS

58,993

97,897

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

58,992

97,896

SHAREHOLDERS' FUNDS

58,993

97,897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

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 15 September 2025 and were signed on its behalf by:

N Amos - Director

1.	STATUTORY INFORMATION

Furnicon 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 represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, 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.

Plant & Machinery

-

25% on reducing balance

Fixture & Fittings

-

15% on reducing balance

Motor Vehicles

-

25% 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 4 (2023 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

21,458

AMORTISATION

At 1 January 2024

and 31 December 2024

21,458

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant &

Fixture &

Motor

Machinery

Fittings

Vehicles

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

268,776

4,798

57,810

331,384

DEPRECIATION

At 1 January 2024

210,783

4,059

36,660

251,502

Charge for year

14,498

111

5,287

19,896

At 31 December 2024

225,281

4,170

41,947

271,398

NET BOOK VALUE

At 31 December 2024

43,495

628

15,863

59,986

At 31 December 2023

57,993

739

21,150

79,882

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade Debtors

29,725

62,661

Other Debtors

-

213

Tax

1,854

687

Prepayments

2,000

2,000

33,579

65,561

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade Creditors

17,990

27,257

Tax

-

1,158

Social Security & Other Taxes

6,898

3,114

VAT

22,546

10,999

Other Creditors

-

9,977

Directors Loan Account

84,186

98,191

Accrued Expenses

1,500

1,500

133,120

152,196

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

13,788

23,788

9.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

10,145

13,846

Deferred

tax

£

Balance at 1 January 2024

13,846

Deferred Tax

(3,701

)

Balance at 31 December 2024

10,145

10.	RELATED PARTY DISCLOSURES

The company is controlled by Mr N Amos.