REGISTERED NUMBER: 04864256 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Turning Leaf Furniture Specialists

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E G Cook

O M Cook

REGISTERED OFFICE:

4 Maritime House

Maritime Business Park

Livingstone Road

Hessle

HU13 0EG

REGISTERED NUMBER:

04864256 (England and Wales)

ACCOUNTANTS:

Dymond Accountants

Office F1,

Beverley Enterprise Centre

Beck View Road

Beverley

East Yorkshire

HU17 0JT

FIXED ASSETS

Tangible assets

4

1,863

1,872

Investments

5

2

2

1,865

1,874

CURRENT ASSETS

Debtors

6

110,859

97,312

Cash at bank

7,607

153

118,466

97,465

CREDITORS

Amounts falling due within one year

7

26,689

9,208

NET CURRENT ASSETS

91,777

88,257

TOTAL ASSETS LESS CURRENT LIABILITIES

93,642

90,131

CREDITORS

Amounts falling due after more than one year

8

-

(1,531

)

PROVISIONS FOR LIABILITIES

(589

)

(589

)

NET ASSETS

93,053

88,011

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

92,953

87,911

93,053

88,011

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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th December 2025 and were signed on its behalf by:

E G Cook - Director

1.	STATUTORY INFORMATION

Turning Leaf Furniture Specialists Limited 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.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st April 2024

5,704

3,497

14,770

3,565

27,536

Additions

-

-

-

729

729

At 31st March 2025

5,704

3,497

14,770

4,294

28,265

DEPRECIATION

At 1st April 2024

5,272

3,496

14,354

2,542

25,664

Charge for year

109

-

104

525

738

At 31st March 2025

5,381

3,496

14,458

3,067

26,402

NET BOOK VALUE

At 31st March 2025

323

1

312

1,227

1,863

At 31st March 2024

432

1

416

1,023

1,872

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st April 2024

and 31st March 2025

2

NET BOOK VALUE

At 31st March 2025

2

At 31st March 2024

2

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

931

-

Other debtors

109,928

97,312

110,859

97,312

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

1,446

1,300

Trade creditors

1,781

340

Taxation and social security

5,772

6,370

Other creditors

17,690

1,198

26,689

9,208

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

-

1,531

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

31.3.25

31.3.24

£

£

E G Cook

Balance outstanding at start of year

14,335

17,271

Amounts advanced

246

1,740

Amounts repaid

(4,500

)

(4,676

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,081

14,335

O M Cook

Balance outstanding at start of year

53,577

50,320

Amounts advanced

1,339

3,257

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

54,916

53,577