Company Registration No. 03340167 (England and Wales)
Kent Furniture Limited
Unaudited accounts
for the year ended 31 March 2025
Kent Furniture Limited
Unaudited accounts
Contents
Kent Furniture Limited
Company Information
for the year ended 31 March 2025
Company Number
03340167 (England and Wales)
Registered Office
Moor Lane
Grassington
Skipton
North Yorkshire
BD23 5BD
Accountants
Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
North Yorkshire
BD23 3SE
Kent Furniture Limited
Statement of financial position
as at 31 March 2025
Tangible assets
79,060
87,696
Investment property
300,000
300,000
Inventories
223,831
218,492
Cash at bank and in hand
282
515
Creditors: amounts falling due within one year
(208,769)
(155,744)
Net current assets
44,316
63,263
Total assets less current liabilities
423,376
450,959
Creditors: amounts falling due after more than one year
(6,525)
(12,108)
Provisions for liabilities
Deferred tax
(2,872)
(2,872)
Net assets
413,979
435,979
Called up share capital
2
2
Revaluation reserve
66,760
66,760
Profit and loss account
347,217
369,217
Shareholders' funds
413,979
435,979
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 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 of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by
JM Kent
Director
Company Registration No. 03340167
Kent Furniture Limited
Notes to the Accounts
for the year ended 31 March 2025
Kent Furniture Limited is a private company, limited by shares, registered in England and Wales, registration number 03340167. The registered office is Moor Lane, Grassington, Skipton, North Yorkshire, BD23 5BD.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Land & buildings
in accordance with the property
Plant & machinery
15%/25% on reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Kent Furniture Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
135,673
387,861
68,930
1,398
593,862
At 31 March 2025
135,673
387,861
68,930
1,398
593,862
At 1 April 2024
65,254
372,100
68,584
228
506,166
Charge for the year
4,950
3,320
86
280
8,636
At 31 March 2025
70,204
375,420
68,670
508
514,802
At 31 March 2025
65,469
12,441
260
890
79,060
At 31 March 2024
70,419
15,761
346
1,170
87,696
Fair value at 1 April 2024
300,000
Amounts falling due within one year
Kent Furniture Limited
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
23,115
21,197
Trade creditors
36,974
13,528
Amounts owed to group undertakings and other participating interests
31,341
35,641
Taxes and social security
13,063
9,262
Other creditors
7,165
5,938
Loans from directors
69,633
61,123
Deferred income
27,478
9,055
9
Creditors: amounts falling due after more than one year
2025
2024
10
Average number of employees
During the year the average number of employees was 12 (2024: 12).