Garry Longley Furniture Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 08931812

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		945		1,260

			945		1,260
CURRENT ASSETS
Stocks		3,000		2,000
Debtors		-		1,598

		3,000		3,598
Creditors: Amounts Falling Due Within One Year		(79,665 )		(57,509 )

NET CURRENT ASSETS (LIABILITIES)			(76,665 )		(53,911 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(75,720 )		(52,651 )

Creditors: Amounts Falling Due After More Than One Year			(330 )		(1,270 )

NET LIABILITIES			(76,050 )		(53,921 )

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			(76,150 )		(54,021 )

SHAREHOLDERS' FUNDS			(76,050)		(53,921)

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Garry Longley Furniture Ltd

Abridged Balance Sheet (continued)

As At 31 March 2025

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 member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Garry Longley

Director

24/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Garry Longley Furniture Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08931812 . The registered office is 3St Martins Close, Fangfoss, York, YO41 5RA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The company is reliant on the continued support of the director in order to continue trading, and he is continuing to support it.

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

10% Reducing Balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	2,198

As at 31 March 2025	2,198

Depreciation
As at 1 April 2024	938
Provided during the period	315

As at 31 March 2025	1,253

...CONTINUED

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Garry Longley Furniture Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	945

As at 1 April 2024	1,260

5. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Bank loans and overdrafts	1,370		5,332

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

7. Directors Advances, Credits and Guarantees

Included within Creditors is the following loan due to the director:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Garry Longley	52,769	19,783	44,980	-	77,966

The above loan is unsecured, interest free and repayable on demand.

8. Ultimate Controlling Party

The company's ultimate controlling party is the Director, Mr Garry Longley by virtue of his ownership of 100% of the issued share capital in the company.

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