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Registered number: 07743684
HCF Contract Furniture Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 August 2025
Birchamp Ltd
FCCA
21a Link Way
Hornchurch
Essex
RM11 3RN
Contents
Page
Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07743684
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,134 12,614
10,134 12,614
CURRENT ASSETS
Stocks 5 40,000 101,478
Debtors 6 16,252 (18,630 )
Cash at bank and in hand - 53,198
56,252 136,046
Creditors: Amounts Falling Due Within One Year 7 (98,429 ) (152,950 )
NET CURRENT ASSETS (LIABILITIES) (42,177 ) (16,904 )
TOTAL ASSETS LESS CURRENT LIABILITIES (32,043 ) (4,290 )
Creditors: Amounts Falling Due After More Than One Year 8 (17,725 ) (25,141 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,926 ) (2,397 )
NET LIABILITIES (51,694 ) (31,828 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (51,695 ) (31,829 )
SHAREHOLDERS' FUNDS (51,694) (31,828)
Page 1
Page 2
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 director acknowledges his 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account for the year end 31 August 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr M Brightman
Director
29/04/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
HCF Contract Furniture Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07743684 . The registered office is 27 Duke Street, Saxon House, Chelmsford, Chelmsford, CM1 1HT.
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
At the balance sheet date, the company had negative shareholders’ funds. The director has confirmed their continued financial support for the foreseeable future and has no intention of seeking repayment of amounts due, thereby enabling the company to continue its operations and meet its liabilities as they fall due.
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. This is usually at the point that the customer has signed for the delivery of the goods.
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. 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 20% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
2.5. 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.
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2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 7)
1 7
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2024 44,106 3,520 47,626
As at 31 August 2025 44,106 3,520 47,626
Depreciation
As at 1 September 2024 32,451 2,561 35,012
Provided during the period 2,331 149 2,480
As at 31 August 2025 34,782 2,710 37,492
Net Book Value
As at 31 August 2025 9,324 810 10,134
As at 1 September 2024 11,655 959 12,614
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5. Stocks
2025 2024
£ £
Stock 25,000 25,000
Work in progress 15,000 76,478
40,000 101,478
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 16,252 (19,539 )
Prepayments and accrued income - 909
16,252 (18,630 )
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 34,341 83,039
Bank loans and overdrafts 6,602 17,103
Other taxes and social security 25 1,137
VAT 28,884 17,200
Other creditors - 258
Accruals and deferred income 2,200 2,100
Director's loan account 26,377 32,113
98,429 152,950
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 17,725 25,141
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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