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Company No: 04718079 (England and Wales)

# THE DORMY HOUSE FURNITURE AND SOFT FURNISHINGS LTD

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

THE DORMY HOUSE FURNITURE AND SOFT FURNISHINGS LTD

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

THE DORMY HOUSE FURNITURE AND SOFT FURNISHINGS LTD

## BALANCE SHEET

As at 31 March 2025
THE DORMY HOUSE FURNITURE AND SOFT FURNISHINGS LTD

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 45,285 |  | 1,390,360
|  | 45,285 |  | 1,390,360
Current assets |  |  |  |
Stocks |  | 103,753 |  | 184,486
Debtors | 4 | 55,887 |  | 74,071
Cash at bank and in hand |  | 2,271,075 |  | 479,820
|  | 2,430,715 |  | 738,377
Creditors: amounts falling due within one year | 5 | ( 943,291) |  | ( 1,036,987)
Net current assets/(liabilities) |  | 1,487,424 |  | (298,610)
Total assets less current liabilities |  | 1,532,709 |  | 1,091,750
Creditors: amounts falling due after more than one year | 6 | ( 443,842) |  | ( 385,632)
Provision for liabilities |  | 0 |  | ( 125,249)
Net assets |  | 1,088,867 |  | 580,869
Capital and reserves |  |  |  |
Called-up share capital |  | 524 |  | 524
Revaluation reserve |  | 0 |  | 461,790
Capital redemption reserve |  | 676 |  | 676
Profit and loss account |  | 1,087,667 |  | 117,879
Total shareholders' funds |  | 1,088,867 |  | 580,869

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of The Dormy House Furniture and Soft Furnishings Ltd (registered number: 04718079) were approved and authorised for issue by the Board of Directors on 23 October 2025. They were signed on its behalf by:

Mrs A F B R Trinder Director |

THE DORMY HOUSE FURNITURE AND SOFT FURNISHINGS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
THE DORMY HOUSE FURNITURE AND SOFT FURNISHINGS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

The Dormy House Furniture and Soft Furnishings Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Glebe House, Knights Enham, Andover, SP10 4DS, United Kingdom. The principal place of business is Unit 3, Glenmore Trade Park, Greenwich Way, Andover, Hampshire, SP10 4EY, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover represents the value of goods sold during the year, net of Value added tax and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.
Uninvoiced deliveries at the year end are included in accrued income. Invoiced deliveries are included in debtors. Where customers pay in advance for goods, the amount is recorded as deferred income until the goods have been delivered.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis, as follows:

Land and buildings | not depreciated
Leasehold improvements | not depreciated
Plant and machinery | 25 % reducing balance
Vehicles | 25 % reducing balance
Office equipment | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 11 |  | 12

#### 3. Tangible assets

| Land and buildings |  | Leasehold improve- ments |  | Plant and machinery |  | Vehicles |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |
At 01 April 2024 | 1,325,000 |  | 12,845 |  | 43,031 |  | 45,495 |  | 1,812 |  | 1,428,183
Disposals | ( 1,325,000) |  | 0 |  | 0 |  | ( 22,500) |  | 0 |  | ( 1,347,500)
At 31 March 2025 | 0 |  | 12,845 |  | 43,031 |  | 22,995 |  | 1,812 |  | 80,683
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |
At 01 April 2024 | 0 |  | 1,285 |  | 7,636 |  | 28,676 |  | 226 |  | 37,823
Charge for the financial year | 0 |  | 1,285 |  | 8,849 |  | 2,425 |  | 397 |  | 12,956
Disposals | 0 |  | 0 |  | 0 |  | ( 15,381) |  | 0 |  | ( 15,381)
At 31 March 2025 | 0 |  | 2,570 |  | 16,485 |  | 15,720 |  | 623 |  | 35,398
Net book value |  |  |  |  |  |  |  |  |  |  |
At 31 March 2025 | 0 |  | 10,275 |  | 26,546 |  | 7,275 |  | 1,189 |  | 45,285
At 31 March 2024 | 1,325,000 |  | 11,560 |  | 35,395 |  | 16,819 |  | 1,586 |  | 1,390,360

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 2,065 |  | 5,290
Prepayments | 16,723 |  | 11,315
VAT recoverable | 747 |  | 0
Corporation tax | 0 |  | 5,688
Other debtors | 36,352 |  | 51,778
| 55,887 |  | 74,071

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 37,503 |  | 157,118
Trade creditors | 51,633 |  | 46,829
Amounts owed to directors | 1,713 |  | 2,633
Accruals | 452,509 |  | 4,678
Taxation and social security | 173,922 |  | 10,275
Obligations under finance leases and hire purchase contracts | 6,650 |  | 26,600
Other creditors | 219,361 |  | 788,854
| 943,291 |  | 1,036,987

The above bank loans of £37,503 (2024- £157,118) are secured on the company assets.

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 443,842 |  | 378,982
Obligations under finance leases and hire purchase contracts | 0 |  | 6,650
| 443,842 |  | 385,632

The above bank loans of £443,842 (2024- £378,982) are secured on the company assets.

#### 7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 |  | 2024
| £ |  | £
within one year | 27,700 |  | 27,700
between one and five years | 110,800 |  | 110,800
after five years | 83,100 |  | 110,800
Total future minimum lease payments under non-cancellable operating leases | 221,600 |  | 249,300