Company Registration No. 8348388 (England and Wales)
Furness Publishing Ltd
Unaudited accounts
for the period from 1 January 2024 to 31 March 2025
Furness Publishing Ltd
Unaudited accounts
Contents
Furness Publishing Ltd
Company Information
for the period from 1 January 2024 to 31 March 2025
Directors
G Furness
A Furness
Company Number
8348388 (England and Wales)
Registered Office
The Candlemakers
West Street
Lewes
East Sussex
BN7 2NZ
Accountants
Maxwell-Gumbleton & Co.
1 West Street
Lewes
East Sussex
BN7 2NZ
Furness Publishing Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
2,183
8,281
Creditors: amounts falling due within one year
(177,131)
(132,372)
Net current (liabilities)/assets
(1,897)
13,119
Total assets less current liabilities
775
13,120
Creditors: amounts falling due after more than one year
(569)
(13,067)
Called up share capital
2
2
Profit and loss account
204
51
Shareholders' funds
206
53
For the period ending 31 March 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by
G Furness
Director
Company Registration No. 8348388
Furness Publishing Ltd
Notes to the Accounts
for the period from 1 January 2024 to 31 March 2025
Furness Publishing Ltd is a private company, limited by shares, registered in England and Wales, registration number 8348388. The registered office is The Candlemakers, West Street, Lewes, East Sussex, BN7 2NZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
5 year straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Furness Publishing Ltd
Notes to the Accounts
for the period from 1 January 2024 to 31 March 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
28,941
54,899
Accrued income and prepayments
4,382
26,203
Other debtors
139,728
56,108
7
Creditors: amounts falling due within one year
2025
2023
Bank loans and overdrafts
13,183
11,100
Trade creditors
5,378
3,332
Taxes and social security
78,789
90,462
Other creditors
78,656
26,353
Furness Publishing Ltd
Notes to the Accounts
for the period from 1 January 2024 to 31 March 2025
8
Creditors: amounts falling due after more than one year
2025
2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
During the year the director, G Furness had an overdrawn loan account on which interest was charged at 2.5%. The balance on his loan account as at the year end was £69,858 (2023: £26,732). The maximum balance during the year was £69,858.
During the year the director, A Furness had an overdrawn loan account on which interest was charged at 2.5%. The balance on her loan account as at the year end was £69,858 (2023: £26,732). The maximum balance during the year was £69,858.
11
Average number of employees
During the period the average number of employees was 4 (2023: 2).