Absolute Comfort Furniture Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 14276732 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Absolute Comfort Furniture Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A B Potter

REGISTERED OFFICE:

The Cross

Mold Road

Queensferry

CH5 1TF

REGISTERED NUMBER:

14276732 (England and Wales)

ACCOUNTANTS:

G Ceidiog Hughes Limited

40 Brookhouse Road

Denbigh

Clwyd

LL16 4RQ

FIXED ASSETS

Tangible assets

4

2,314

14,612

CURRENT ASSETS

Stocks

5

81,806

64,015

Debtors

6

-

5,090

Cash at bank

27,850

28,818

109,656

97,923

CREDITORS

Amounts falling due within one year

7

111,320

108,708

NET CURRENT LIABILITIES

(1,664

)

(10,785

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

650

3,827

PROVISIONS FOR LIABILITIES

8

440

2,776

NET ASSETS

210

1,051

CAPITAL AND RESERVES

Called up share capital

9

120

Retained earnings

90

931

SHAREHOLDERS' FUNDS

210

1,051

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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 December 2025 and were signed by:

A B Potter - Director

1.	STATUTORY INFORMATION

Absolute Comfort Furniture 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

In the application of the Company's accounting policies, management is required to make judgements, estimates and assumptions about carrying values of assets and liabilities that are not readily available from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates.

The key judgements and sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

Estimated useful lives and residual values of fixed assets

Depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during current and prior accounting periods.

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.

Motor vehicles

-

20% on cost

Computer equipment

-

20% 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

The following assets and liabilities are classified as financial instruments - trade debtors and trade creditors.

Trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Taxation

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 April 2024

42,869

4,399

47,268

Disposals

(15,174

)

-

(15,174

)

At 31 March 2025

27,695

4,399

32,094

DEPRECIATION

At 1 April 2024

30,874

1,782

32,656

Charge for year

5,539

879

6,418

Eliminated on disposal

(9,294

)

-

(9,294

)

At 31 March 2025

27,119

2,661

29,780

NET BOOK VALUE

At 31 March 2025

576

1,738

2,314

At 31 March 2024

11,995

2,617

14,612

5.

STOCKS

31.3.25

31.3.24

£

Stocks

81,806

64,015

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Prepayments

-

5,090

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

8,992

5,090

Tax

3,980

3,888

Social security and other taxes

914

538

VAT

12,303

1,684

Credit Card

936

-

Directors' current accounts

83,895

97,208

Accrued expenses

300

111,320

108,708

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

440

2,776

Deferred

tax

£

Balance at 1 April 2024

2,776

Movement in the year due to:

Changes in tax allowances

(2,336

)

Changes in tax rates

Balance at 31 March 2025

440

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary A

£1

100

20

Ordinary B

£1

20

120

10.	CAPITAL COMMITMENTS

31.3.25

31.3.24

£

Contracted but not provided for in the

financial statements

-

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A B Potter.