Sustainable-Furniture (UK) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06430434 (England and Wales)

Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Sustainable-Furniture (UK) Limited

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mrs M Larson

C R Truscott

T P Reeve-Larson

REGISTERED OFFICE:

The Anchorage

Hewas Water

St Austell

Cornwall

PL26 7JF

REGISTERED NUMBER:

06430434 (England and Wales)

ACCOUNTANTS:

Colin Truscott Accountancy Limited

9 Heron Close

Tresillian

Cornwall

TR2 4BH

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

Mrs M Larson

C R Truscott

Other changes in directors holding office are as follows:

T P Reeve-Larson - appointed 21 August 2024

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs M Larson - Director

30 December 2025

FIXED ASSETS

Tangible assets

4

448,242

452,024

CURRENT ASSETS

Stocks

735,127

799,263

Debtors

5

2,644,948

2,624,696

Cash at bank and in hand

41,870

1,205

3,421,945

3,425,164

CREDITORS

Amounts falling due within one year

6

1,002,765

978,315

NET CURRENT ASSETS

2,419,180

2,446,849

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,867,422

2,898,873

CREDITORS

Amounts falling due after more than
one year

7

(4,921

)

(29,647

)

PROVISIONS FOR LIABILITIES

(10,134

)

(8,384

)

NET ASSETS

2,852,367

2,860,842

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

2,852,267

2,860,742

2,852,367

2,860,842

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 30 December 2025 and were signed on its behalf by:

Mrs M Larson - Director

1.	STATUTORY INFORMATION

Sustainable-Furniture (UK) 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 recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be readily measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other taxes.

Revenue from a contract to provide services is recognised in the period which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: the amount of revenue can be measured reliably; it is probable that the company will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

not provided

Plant and machinery

-

30% Straight Line and not provided

Fixtures and fittings

-

33% on cost and 20% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Foreign currency transactions

Monetary assets and liabilities denominated in foreign currencies, are converted into sterling at the exchange rate applicable at the balance sheet date. Transactions in foreign currency are translated at the foreign exchange rate, on the date the transaction arises. The differences are shown in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

506,971

375,298

882,269

Additions

-

32,233

Disposals

-

(99,000

)

(99,000

)

At 31 March 2025

506,971

308,531

815,502

DEPRECIATION

At 1 April 2024

94,935

335,310

430,245

Charge for year

10,042

23,973

34,015

Eliminated on disposal

-

(97,000

)

(97,000

)

At 31 March 2025

104,977

262,283

367,260

NET BOOK VALUE

At 31 March 2025

401,994

46,248

448,242

At 31 March 2024

412,036

39,988

452,024

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

34,828

DEPRECIATION

At 1 April 2024

8,707

Charge for year

8,707

At 31 March 2025

17,414

NET BOOK VALUE

At 31 March 2025

17,414

At 31 March 2024

26,121

5.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade debtors

2,878

-

Other debtors

842,666

718,406

Directors' current accounts

1,705,656

1,788,601

Tax

31,129

-

Prepayments

62,619

68,683

2,644,948

2,575,690

Amounts falling due after more than one year:

Loan to related party

-

49,006

Aggregate amounts

2,644,948

2,624,696

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

371,758

356,894

Hire purchase contracts

5,707

Trade creditors

156,053

131,199

Tax

-

76,598

Social security and other taxes

9,904

9,274

VAT

60,786

49,874

Other creditors

29,425

27,003

Bright Eyes Intercompany Loan

143,418

139,044

Natural Nursery Resources Ltd

Intercompany Loan

25,000

-

Tom Larson Loan

40,000

-

Accruals and deferred income

160,714

182,722

1,002,765

978,315

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2025

2024

£

Bank loans - 1-2 years

3,970

14,434

Bank loans - 2-5 years

-

8,554

Hire purchase contracts

951

6,659

4,921

29,647

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

20,604

37,422

Loans are secured by means of a legal charge over freehold property at Goonamarris, St. Austell.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

Mrs M Larson

Balance outstanding at start of year

1,788,601

1,654,000

Amounts advanced

-

134,601

Amounts repaid

(82,945

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

1,705,656

1,788,601

10.	RELATED PARTY DISCLOSURES

Bright Eyes Nursery Ltd

A company in which Mrs M Larson is a director.

During the year Bright Eyes Childcare Ltd loaned the company £143,418 (2024: £139,044) which is repayable upon demand

Natural Nursery Resources Ltd

A company in which Mrs M Larson is a director.

During the year Natural Nursery Resources Ltd loaned the company £25,000 (2024: £Nil) which is repayable upon demand

Related Party Loans

During the year Miss H Reeve-Larson repaid her loan in full and the balance carried forward is £Nil (2024: £49,006). Miss H Reeve-Larson is the daughter of Mrs M Larson (director and shareholder). Interest has been charged at 2.25%.

During the year Mr Thomas Reeve-Larson loaned the company £40,000 (2024: £Nil) which is repayable on demand.