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Company Registration No. 08040248 (England and Wales)
IBIS Furniture & Carpets Ltd Unaudited accounts for the year ended 31 March 2026
IBIS Furniture & Carpets Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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IBIS Furniture & Carpets Ltd Company Information for the year ended 31 March 2026
Director
Iftikhar Hussain
Company Number
08040248 (England and Wales)
Registered Office
352 OXFORD ROAD READING RG30 1AQ ENGLAND
Accountants
TAXWIDE LTD 354 Oxford Road Reading Berkshire RG30 1AQ
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IBIS Furniture & Carpets Ltd Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
2,680
3,269
Current assets
Cash at bank and in hand
39,603
32,535
Creditors: amounts falling due within one year
5
(41,743)
(40,809)
Net current liabilities
(2,140)
(8,274)
Total assets less current liabilities
540
(5,005)
Creditors: amounts falling due after more than one year
6
(269)
-
Net assets/(liabilities)
271
(5,005)
Capital and reserves
Called up share capital
2
2
Profit and loss account
269
(5,007)
Shareholders' funds
271
(5,005)
For the year ending 31 March 2026 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 May 2026 and were signed on its behalf by
Iftikhar Hussain Director Company Registration No. 08040248
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IBIS Furniture & Carpets Ltd Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
IBIS Furniture & Carpets Ltd is a private company, limited by shares, registered in England and Wales, registration number 08040248. The registered office is 352 OXFORD ROAD, READING, RG30 1AQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Import Policy
Company no longer imports from Europe and only deliver UK manufactured goods.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
Reducing balance depreciation policy
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2025
8,420
2,993
11,413
At 31 March 2026
8,420
2,993
11,413
Depreciation
At 1 April 2025
6,323
1,821
8,144
Charge for the year
211
378
589
At 31 March 2026
6,534
2,199
8,733
Net book value
At 31 March 2026
1,886
794
2,680
At 31 March 2025
2,097
1,172
3,269
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IBIS Furniture & Carpets Ltd Notes to the Accounts for the year ended 31 March 2026
5
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
3,589
2,271
Taxes and social security
432
813
Loans from directors
37,722
37,725
41,743
40,809
6
Creditors: amounts falling due after more than one year
2026
2025
£
£
Taxes and social security
269
-
7
Average number of employees
During the year the average number of employees was 3 (2025: 3).
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