The Furniture Factory (Hampshire) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 06259246 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

The Furniture Factory (Hampshire) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L R Cross

SECRETARY:

Mrs S F Cross

REGISTERED OFFICE:

1 Manor Court

6 Barnes Wallis Road

Segensworth

Fareham

Hampshire

PO15 5TH

REGISTERED NUMBER:

06259246 (England and Wales)

ACCOUNTANTS:

Roches

Chartered Accountants

1 Manor Court

6 Barnes Wallis Road

Segensworth

Fareham

Hampshire

PO15 5TH

FIXED ASSETS

Intangible assets

4

1,400

1,750

Tangible assets

5

230

304

1,630

2,054

CURRENT ASSETS

Stocks

6

39,556

41,270

Debtors

7

2,583

3,035

Cash at bank and in hand

103,329

124,968

145,468

169,273

CREDITORS

Amounts falling due within one year

8

68,581

94,210

NET CURRENT ASSETS

76,887

75,063

TOTAL ASSETS LESS CURRENT
LIABILITIES

78,517

77,117

PROVISIONS FOR LIABILITIES

44

59

NET ASSETS

78,473

77,058

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

78,471

77,056

SHAREHOLDERS' FUNDS

78,473

77,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2025 and were signed by:

L R Cross - Director

1.	STATUTORY INFORMATION

The Furniture Factory (Hampshire) Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, was amortised over its estimated useful economic life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

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 only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

COST

At 1 June 2024

and 31 May 2025

58,813

3,500

62,313

AMORTISATION

At 1 June 2024

58,813

1,750

60,563

Amortisation for year

-

350

At 31 May 2025

58,813

2,100

60,913

NET BOOK VALUE

At 31 May 2025

-

1,400

At 31 May 2024

-

1,750

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

COST

At 1 June 2024

and 31 May 2025

230

833

1,063

DEPRECIATION

At 1 June 2024

216

543

759

Charge for year

2

72

74

At 31 May 2025

218

615

833

NET BOOK VALUE

At 31 May 2025

12

218

230

At 31 May 2024

14

290

304

6.

STOCKS

31.5.25

31.5.24

£

Stocks

39,556

41,270

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Other debtors

2,583

3,035

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Trade creditors

18,210

15,414

Taxation and social security

16,870

25,922

Other creditors

33,501

52,874

68,581

94,210

9.	OTHER FINANCIAL COMMITMENTS

As at the year end, the company had obligations totalling £25,833 (2024 : £56,833) under non-cancellable operating leases.