Company Registration No. 06959900 (England and Wales)
SOUTH COAST FURNISHINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
SOUTH COAST FURNISHINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SOUTH COAST FURNISHINGS LIMITED
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
4
759
1,012
Current assets
Stocks
500
500
Debtors
5
13,490
10,744
Cash at bank and in hand
787
952
14,777
12,196
Creditors: amounts falling due within one year
6
(18,444)
(23,801)
Net current liabilities
(3,667)
(11,605)
Net liabilities
(2,908)
(10,593)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(2,909)
(10,594)
Total equity
(2,908)
(10,593)

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 28 January 2026
Mr V Bramble
Director
Company registration number 06959900 (England and Wales)
SOUTH COAST FURNISHINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 2 -
1
Accounting policies
Company information

South Coast Furnishings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 4 Cooperage Green, Royal Clarence Yard, Weevil Lane, Gosport, PO12 1FY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

SOUTH COAST FURNISHINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 3 -
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
SOUTH COAST FURNISHINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 4 -
4
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 August 2024 and 31 July 2025
4,570
4,950
9,520
Depreciation and impairment
At 1 August 2024
4,438
4,070
8,508
Depreciation charged in the year
33
220
253
At 31 July 2025
4,471
4,290
8,761
Carrying amount
At 31 July 2025
99
660
759
At 31 July 2024
132
880
1,012
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
13,490
10,744
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
7,525
12,533
Trade creditors
1,000
1,500
Corporation tax
4,553
2,814
Other taxation and social security
4,588
5,929
Other creditors
778
1,025
18,444
23,801
2025-07-31 2024-08-01 false false false 28 January 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr V Bramble 06959900 2024-08-01 2025-07-31 06959900 2025-07-31 06959900 2024-07-31 06959900 core:PlantMachinery 2025-07-31 06959900 core:MotorVehicles 2025-07-31 06959900 core:PlantMachinery 2024-07-31 06959900 core:MotorVehicles 2024-07-31 06959900 core:CurrentFinancialInstruments 2025-07-31 06959900 core:CurrentFinancialInstruments 2024-07-31 06959900 core:ShareCapital 2025-07-31 06959900 core:ShareCapital 2024-07-31 06959900 core:RetainedEarningsAccumulatedLosses 2025-07-31 06959900 core:RetainedEarningsAccumulatedLosses 2024-07-31 06959900 bus:Director1 2024-08-01 2025-07-31 06959900 core:PlantMachinery 2024-08-01 2025-07-31 06959900 core:MotorVehicles 2024-08-01 2025-07-31 06959900 2023-08-01 2024-07-31 06959900 core:PlantMachinery 2024-07-31 06959900 core:MotorVehicles 2024-07-31 06959900 2024-07-31 06959900 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 06959900 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 06959900 bus:FRS102 2024-08-01 2025-07-31 06959900 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 06959900 bus:FullAccounts 2024-08-01 2025-07-31 xbrli:pure xbrli:shares iso4217:GBP