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Registered number: 04275227
Stroud Furniture Makers Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Stroud Furniture Makers Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Stroud Furniture Makers Limited
Balance Sheet
As At 31 August 2025
Balance Sheet
Registered number: 04275227

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 25,379 |  | 28,706
|  |  | 25,379 |  | 28,706
CURRENT ASSETS
Stocks |  | 31,506 |  | 34,050 |
Debtors | 6 | 314,605 |  | 423,467 |
Cash at bank and in hand |  | 1 |  | 1 |
|  | 346,112 |  | 457,518 |
Creditors: Amounts Falling Due Within One Year | 7 | (218,945 ) |  | (309,162 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 127,167 |  | 148,356
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 152,546 |  | 177,062
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (129,851 ) |  | (147,195 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (6,345 ) |  | (7,177 )
NET ASSETS |  |  | 16,350 |  | 22,690
CAPITAL AND RESERVES
Called up share capital | 10 |  | 50 |  | 50
Capital redemption reserve |  |  | 50 |  | 50
Profit and Loss Account |  |  | 16,250 |  | 22,590
SHAREHOLDERS' FUNDS |  |  | 16,350 |  | 22,690

Page 1
Page 2
Stroud Furniture Makers Limited
Balance Sheet (continued)
As At 31 August 2025
For the year ending 31 August 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.
On behalf of the board

Mr Nicholas Croome Director | Mrs Sarah Croome Director
17 February 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Stroud Furniture Makers Limited
Notes to the Financial Statements
For The Year Ended 31 August 2025
Notes to the Financial Statements
1. General Information
Stroud Furniture Makers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04275227 . The registered office is 31 Westward Road, Stroud, Gloucestershire, GL5 4JA.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The bank facility remains in place and the directors continue to support the busines.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, has been amortised evenly over its estimated useful life of five years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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% reducing balance
Fixtures & Fittings | 10% and 20% straight line
Computer Equipment | 33% straight line

Page 3
Page 4
Stroud Furniture Makers Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
2.6. 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.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 9)
10 9
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 September 2024 | 30,000
As at 31 August 2025 | 30,000

...CONTINUED
Page 4
Page 5
Stroud Furniture Makers Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025

Amortisation
As at 1 September 2024 | 30,000
As at 31 August 2025 | 30,000
Net Book Value
As at 31 August 2025 | -
As at 1 September 2024 | -

5. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Cost
As at 1 September 2024 | 54,954 | 46,258 | 86,344 | 12,785 | 200,341
Additions | 742 | - | 3,070 | 998 | 4,810
As at 31 August 2025 | 55,696 | 46,258 | 89,414 | 13,783 | 205,151
Depreciation
As at 1 September 2024 | 54,572 | 43,461 | 61,026 | 12,576 | 171,635
Provided during the period | 549 | 700 | 6,349 | 539 | 8,137
As at 31 August 2025 | 55,121 | 44,161 | 67,375 | 13,115 | 179,772
Net Book Value
As at 31 August 2025 | 575 | 2,097 | 22,039 | 668 | 25,379
As at 1 September 2024 | 382 | 2,797 | 25,318 | 209 | 28,706

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 3,658 |  | 14,479
Other debtors | 310,947 |  | 408,988
| 314,605 |  | 423,467

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 70,015 |  | 76,474
Bank loans and overdrafts | 61,004 |  | 121,317
Other creditors | 2,107 |  | 1,729
Taxation and social security | 85,819 |  | 109,642
| 218,945 |  | 309,162

Page 5
Page 6
Stroud Furniture Makers Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 129,851 |  | 147,195

Of the creditors falling due after more than one year the following amounts are due after more than five years.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 48,694 |  | 70,856

9. Secured Creditors
The company has a debenture in place with its bank that contains both fixed and floating charges. The floating charge covers all of the property or undertaking of the company.
Personal guarantees have also been given by the directors in respect of the bank loan.
Of the creditors falling due within and after more than one year the following amounts are secured.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 190,789 |  | 263,193

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 50 |  | 50

11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 September 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 August 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Nicholas Croome | 134,977 | 11,561 | 25,000 | - | 121,538
Mrs Sarah Croome | 134,977 | 11,561 | 25,000 | - | 121,538

Interest is charged at HMRC approved rates on the amounts outstanding and no formal repayment terms have been agreed.
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