REGISTERED NUMBER: 04530759 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Business Furniture Services (UK) Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

R Kinghorn

M P Kinghorn

REGISTERED OFFICE:

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

BUSINESS ADDRESS:

634 Davidson Road

Croydon

Surrey

CR0 6DJ

REGISTERED NUMBER:

04530759 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Property, plant and equipment

5

1,434

758

CURRENT ASSETS

Debtors

6

372

14,489

Cash at bank

389

2,395

761

16,884

CREDITORS

Amounts falling due within one year

7

(43,803

)

(39,772

)

NET CURRENT LIABILITIES

(43,042

)

(22,888

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(41,608

)

(22,130

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(41,708

)

(22,230

)

SHAREHOLDERS' FUNDS

(41,608

)

(22,130

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

R Kinghorn - Director

1.	STATUTORY INFORMATION

Business Furniture Services (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements and going concern

The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis, which the Director considers to be appropriate as he agreed not to withdraw his loan account and to provide the necessary finance to enable the company to meet its liabilities as they fall due.

Turnover

Revenue 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.

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Motor

Office

vehicles

equipment

Totals

£

£

£

Cost

At 1 January 2024

2,667

3,047

5,714

Additions

-

1,039

1,039

At 31 December 2024

2,667

4,086

6,753

Depreciation

At 1 January 2024

2,554

2,402

4,956

Charge for year

28

335

363

At 31 December 2024

2,582

2,737

5,319

Net book value

At 31 December 2024

85

1,349

1,434

At 31 December 2023

113

645

758

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

-

14,489

Other debtors

372

-

372

14,489

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

1,533

2,493

Taxation and social security

146

2,389

Other creditors

42,124

34,890

43,803

39,772