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Registered number: 00792456
D & R Furnishers Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
C&H Stedman Ltd
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—7
Page 1
Balance Sheet
Registered number: 00792456
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,666,495 1,635,272
1,666,495 1,635,272
CURRENT ASSETS
Stocks 5 54,284 18,930
Debtors 6 49,512 59,008
Cash at bank and in hand 33,229 26,816
137,025 104,754
Creditors: Amounts Falling Due Within One Year 7 (322,589 ) (338,483 )
NET CURRENT ASSETS (LIABILITIES) (185,564 ) (233,729 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,480,931 1,401,543
Creditors: Amounts Falling Due After More Than One Year 8 (30,202 ) (13,333 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (154,049 ) (146,243 )
NET ASSETS 1,296,680 1,241,967
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 1,296,580 1,241,867
SHAREHOLDERS' FUNDS 1,296,680 1,241,967
Page 1
Page 2
For the year ending 31 January 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr R Dible
Director
28 October 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 February 2023 100 1,281,587 1,281,687
Profit for the year and total comprehensive income - 121,280 121,280
Dividends paid - (161,000) (161,000)
As at 31 January 2024 and 1 February 2024 100 1,241,867 1,241,967
Profit for the year and total comprehensive income - 216,024 216,024
Dividends paid - (161,311) (161,311)
As at 31 January 2025 100 1,296,580 1,296,680
Page 3
Page 4
Notes to the Financial Statements
1. General Information
D & R Furnishers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00792456 . The registered office is The Dutch Barn, Elm Tree Park, Marlborough, Wiltshire, SN8 1PS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not provided
Plant & Machinery 25% w.d.v, 25% s.l., 20% w.d.v. and 10% w.d.v.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 4
Page 5
3. Average Number of Employees
The average number of employees during the year was 13 (2024: 13)
13 13
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 February 2024 1,600,000 122,849 1,722,849
Additions - 54,388 54,388
Disposals - (10,000 ) (10,000 )
As at 31 January 2025 1,600,000 167,237 1,767,237
Depreciation
As at 1 February 2024 - 87,577 87,577
Provided during the period - 15,427 15,427
Disposals - (2,262 ) (2,262 )
As at 31 January 2025 - 100,742 100,742
Net Book Value
As at 31 January 2025 1,600,000 66,495 1,666,495
As at 1 February 2024 1,600,000 35,272 1,635,272
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 26,769 9,100
Cost or valuation as at 31 January 2025 represented by:
Land & Property
Freehold Plant & Machinery Total
£ £ £
At cost 279,454 167,237 446,691
At valuation 1,320,546 - 1,320,546
1,600,000 167,237 1,767,237
Page 5
Page 6
If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost 279,454 167,237 446,691
5. Stocks
2025 2024
£ £
Stock 54,284 18,930
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 49,512 59,008
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 11,506 4,363
Trade creditors 113,896 91,732
Bank loans and overdrafts - 57,637
Other creditors 95,977 184,751
Taxation and social security 101,210 -
322,589 338,483
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 17,337 -
Bank loans 12,865 13,333
30,202 13,333
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,506 4,363
Later than one year and not later than five years 17,337 -
28,843 4,363
28,843 4,363
Page 6
Page 7
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Ross Dible - 9,493 - - 9,493
Mr Philip Dible - 9,529 - - 9,529
Mr Richard Dible - 8,307 - - 8,307
The above loan is unsecured, interest free and repayable on demand.
12. Reserves
                                                                        Revaluation reserve
                                                                                        £
At 1 February 2024  and 31 January 2025                     1,183,121
Page 7