John Paul Furniture Ltd - Filleted accounts

Registered number

12588963

John Paul Furniture Ltd

Filleted Accounts

for the year ended

31 May 2025

John Paul Furniture Ltd
Registered number:		12588963
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		65,849			45,674

Current assets
Stocks		90,395			72,161
Debtors	4	126,311			150,345
Cash at bank and in hand		166,970			51,562
		383,676			274,068

Creditors: amounts falling due within one year	5	(101,650)			(67,779)

Net current assets			282,026			206,289

Total assets less current liabilities			347,875			251,963

Creditors: amounts falling due after more than one year	6		(19,800)			(19,800)



Net assets			328,075			232,163

Capital and reserves
Called up share capital			200			200
Profit and loss account			327,875			231,963

Shareholders' funds			328,075			232,163

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J Boldick
Director
Approved by the board on 1 December 2025

John Paul Furniture Ltd
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles			25% reducing balance
	Plant and machinery			15% reducing balance
	Computer equipment			33% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					18		17


3	Tangible fixed assets
		Computer equipment		Plant and machinery		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 June 2024	1,133		69,630		5,100		75,863
	Additions	1,298		-		27,995		29,293
	At 31 May 2025	2,431		69,630		33,095		105,156

	Depreciation
	At 1 June 2024	777		26,149		3,263		30,189
	Charge for the year	387		6,522		2,209		9,118
	At 31 May 2025	1,164		32,671		5,472		39,307

	Net book value
	At 31 May 2025	1,267		36,959		27,623		65,849
	At 31 May 2024	356		43,481		1,837		45,674


4	Debtors					2025		2024
£							£

	Trade debtors					93,220		117,600
	Other debtors					33,091		32,745
						126,311		150,345


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					25,711		31,504
	Taxation and social security costs					71,431		33,022
	Other creditors					4,508		3,253
						101,650		67,779


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Other creditors					19,800		19,800


7	Other information

	John Paul Furniture Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Units 7 & 8 Meadow Lane Business Park
	Meadow Lane
	Long Eaton
	Nottingham
	NG10 2GD