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Company Registration No. 08040248 (England and Wales)
IBIS Furniture & Carpets Ltd Unaudited accounts for the year ended 31 March 2025
IBIS Furniture & Carpets Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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IBIS Furniture & Carpets Ltd Company Information for the year ended 31 March 2025
Director
Iftikhar Hussain
Company Number
08040248 (England and Wales)
Registered Office
352 OXFORD ROAD READING RG30 1AQ ENGLAND
Accountants
TAXWIDE LTD 354 Oxford Road Reading Berkshire RG30 1AQ
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IBIS Furniture & Carpets Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
3,269 
3,988 
Current assets
Cash at bank and in hand
32,535 
19,440 
Creditors: amounts falling due within one year
5
(40,809)
(36,949)
Net current liabilities
(8,274)
(17,509)
Net liabilities
(5,005)
(13,521)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(5,007)
(13,523)
Shareholders' funds
(5,005)
(13,521)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 November 2025 and were signed on its behalf by
Iftikhar Hussain Director Company Registration No. 08040248
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IBIS Furniture & Carpets Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
IBIS Furniture & Carpets Ltd is a private company, limited by shares, registered in England and Wales, registration number 08040248. The registered office is 352 OXFORD ROAD, READING, RG30 1AQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Import Policy
Company no longer imports from Europe and only deliver UK manufactured goods.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
Reducing balance depreciation policy
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2024
8,420 
2,993 
11,413 
At 31 March 2025
8,420 
2,993 
11,413 
Depreciation
At 1 April 2024
5,862 
1,563 
7,425 
Charge for the year
461 
258 
719 
At 31 March 2025
6,323 
1,821 
8,144 
Net book value
At 31 March 2025
2,097 
1,172 
3,269 
At 31 March 2024
2,558 
1,430 
3,988 
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IBIS Furniture & Carpets Ltd Notes to the Accounts for the year ended 31 March 2025
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
2,271 
- 
Taxes and social security
813 
1,884 
Loans from directors
37,725 
35,065 
40,809 
36,949 
6
Average number of employees
During the year the average number of employees was 3 (2024: 2).
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