Maher Reynolds Furniture Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04239328

MAHER REYNOLDS FURNITURE LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 June 2025

MAHER REYNOLDS FURNITURE LIMITED

STATEMENT OF FINANCIAL POSITION

30 June 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		9,749		12,040

CURRENT ASSETS

Stocks		24,467	28,676
Debtors	6	135,722	76,012
Cash at bank and in hand		133,212	245,630
		---------	---------
		293,401	350,318

CREDITORS: amounts falling due within one year	7	78,261		101,810
		---------		---------
NET CURRENT ASSETS			215,140		248,508
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			224,889		260,548

PROVISIONS

Taxation including deferred tax	1,852	3,191
	---------	---------
NET ASSETS	223,037	257,357
	---------	---------

CAPITAL AND RESERVES

Called up share capital	8	24,000	24,000
Profit and loss account		199,037	233,357
		---------	---------
SHAREHOLDERS FUNDS		223,037	257,357
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 June 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

MAHER REYNOLDS FURNITURE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 June 2025

These financial statements were approved by the board of directors and authorised for issue on 5 November 2025 , and are signed on behalf of the board by:

S L REYNOLDS

S ELLITTS

Company registration number: 04239328

MAHER REYNOLDS FURNITURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

Year ended 30 June 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 9, Arrow Industrial Estate, Straight Road, Willenhall, West Midlands, WV12 5AE.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Revenue recognition

The turnover in the profit and loss account represents sales invoiced during the year, exclusive of Value Added Tax. Turnover is recognised when goods are delivered to the customer.

Income tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Fixed assets

Fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & machinery	-	25% reducing balance
Office equipment	-	25% reducing balance
Computer equipment	-	25% straight line

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

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 8 (2024: 9 ).

5. TANGIBLE ASSETS

	Plant & machinery	Office equipment	Computer equipment	Total
	£	£	£	£
Cost
At 1 July 2024	22,148	1,783	11,006	34,937
Additions	2,025	–	–	2,025
	--------	-------	--------	--------
At 30 June 2025	24,173	1,783	11,006	36,962
	--------	-------	--------	--------
Depreciation
At 1 July 2024	13,245	1,691	7,961	22,897
Charge for the year	2,732	22	1,562	4,316
	--------	-------	--------	--------
At 30 June 2025	15,977	1,713	9,523	27,213
	--------	-------	--------	--------
Carrying amount
At 30 June 2025	8,196	70	1,483	9,749
	--------	-------	--------	--------
At 30 June 2024	8,903	92	3,045	12,040
	--------	-------	--------	--------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	127,073	67,792
Other debtors	8,649	8,220
	---------	--------
	135,722	76,012
	---------	--------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	24,816	34,375
Corporation tax	8,408	21,861
Social security and other taxes	11,568	8,819
Other creditors	33,469	36,755
	--------	---------
	78,261	101,810
	--------	---------

8. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	24,000	24,000	24,000	24,000
	--------	--------	--------	--------

9. OPERATING LEASES

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

	2025	2024
	£	£
Not later than 1 year	10,193	10,193
	--------	--------