REGISTERED NUMBER: 05610371 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

CONTRACT FURNITURE SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Holmes

Mrs S Holmes

SECRETARY:

Mrs S Holmes

REGISTERED OFFICE:

3 Park Square

Leeds

West Yorkshire

LS1 2NE

REGISTERED NUMBER:

05610371 (England and Wales)

ACCOUNTANTS:

Fortus Limited

3 Park Square East

Leeds

LS1 2NE

FIXED ASSETS

Tangible assets

4

197,100

204,273

CURRENT ASSETS

Stocks

686,243

694,355

Debtors

5

960,503

783,025

Cash at bank

184,888

332,465

1,831,634

1,809,845

CREDITORS

Amounts falling due within one year

6

944,670

858,518

NET CURRENT ASSETS

886,964

951,327

TOTAL ASSETS LESS CURRENT LIABILITIES

1,084,064

1,155,600

CREDITORS

Amounts falling due after more than one year

7

30,714

25,337

NET ASSETS

1,053,350

1,130,263

CAPITAL AND RESERVES

Called up share capital

8

8

Retained earnings

1,053,342

1,130,255

SHAREHOLDERS' FUNDS

1,053,350

1,130,263

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.

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 29 September 2025 and were signed on its behalf by:

Mrs S Holmes - Director

1.	STATUTORY INFORMATION

Contract Furniture Solutions 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.

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

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.

Significant judgements and estimates

In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying value of assets and liabilities. Estimates and assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The main judgement concerns the likely future demand for the company's products and how that impacts on the carrying value of stock. The directors have based their judgement on their considerable experience and understanding of the product and its marketplace.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on reducing balance, 25% on cost, 20% on reducing balance, 15% on cost and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company enters into basic financial instrument transactions resulting in the recognition of financial assets and liabilities such as trade debtors and trade creditors, loans from banks and loans to and from related parties. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured at the undiscounted constitutes a financing transaction, such as the payment of a trade debt beyond normal business terms or financed at a non-market rate of interest, the financial asset or liability is measured at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2023 - 52 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 October 2023

364,861

297,900

662,761

Additions

41,000

3,357

44,357

At 30 September 2024

405,861

301,257

707,118

DEPRECIATION

At 1 October 2023

257,542

200,946

458,488

Charge for year

28,996

22,534

51,530

At 30 September 2024

286,538

223,480

510,018

NET BOOK VALUE

At 30 September 2024

119,323

77,777

197,100

At 30 September 2023

107,319

96,954

204,273

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 October 2023

and 30 September 2024

18,569

DEPRECIATION

At 1 October 2023

3,869

Charge for year

3,675

At 30 September 2024

7,544

NET BOOK VALUE

At 30 September 2024

11,025

At 30 September 2023

14,700

All HP loans are secured against the asset to which they relate.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

955,103

764,734

Sundry debtors and prepayments

5,400

18,291

960,503

783,025

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Loan creditor

10,648

10,648

Hire purchase contracts (see note 8)

19,609

6,656

Trade creditors

261,450

164,731

Corporation tax

5,108

-

Social security and other taxes

27,951

23,077

VAT

127,167

104,795

Other creditors

6,855

-

Invoice discounting creditor

479,345

538,579

Directors' current accounts

460

460

Accruals and Deferred income

6,077

9,572

944,670

858,518

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Loan creditor

8,420

19,459

Hire purchase contracts (see note 8)

22,294

5,878

30,714

25,337

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

19,609

6,656

Between one and five years

22,294

5,878

41,903

12,534

Non-cancellable

operating leases

2024

2023

£

£

Within one year

15,585

-

Between one and five years

6,739

-

22,324

-