Tapley Furniture Ltd

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

Registered number: 05756508

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		21,938		24,700

			21,938		24,700
CURRENT ASSETS
Stocks		14,946		20,346
Debtors		3,665		239
Cash at bank and in hand		1,928		6,634

		20,539		27,219
Creditors: Amounts Falling Due Within One Year		(24,761 )		(17,987 )

NET CURRENT ASSETS (LIABILITIES)			(4,222 )		9,232

TOTAL ASSETS LESS CURRENT LIABILITIES			17,716		33,932

Creditors: Amounts Falling Due After More Than One Year			(10,166 )		(17,726 )

NET ASSETS			7,550		16,206

CAPITAL AND RESERVES
Called up share capital	6		120		120
Share premium account			29,980		29,980
Profit and Loss Account			(22,550 )		(13,894 )

SHAREHOLDERS' FUNDS			7,550		16,206

Page 1

Page 2

Tapley 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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 Clive Drury

Director

12 December 2025

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

1. General Information

Tapley Furniture Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05756508 . The registered office is The Old Power Station, Anton Mill Road, Andover, SP10 2RW.

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. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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	25% Reducing balance
Motor Vehicles	25% & 6% 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: NIL (2024: NIL)

4. Intangible Assets

	Total
	£
Cost
As at 1 April 2024	500

As at 31 March 2025	500

Amortisation
As at 1 April 2024	500

As at 31 March 2025	500

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

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Page 4

Tapley Furniture Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	60,548

As at 31 March 2025	60,548

Depreciation
As at 1 April 2024	35,848
Provided during the period	2,762

As at 31 March 2025	38,610

Net Book Value
As at 31 March 2025	21,938

As at 1 April 2024	24,700

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	120	120

7. Ultimate Controlling Party

The company's ultimate controlling party is the Directors by virtue of their ownership of 100% of the issued share capital in the company.