Company Registration No. 10161569 (England and Wales)
ADMIRE'S FURNISHINGS LTD
Unaudited accounts
for the year ended 31 May 2025
ADMIRE'S FURNISHINGS LTD
Unaudited accounts
Contents
ADMIRE'S FURNISHINGS LTD
Company Information
for the year ended 31 May 2025
Company Number
10161569 (England and Wales)
Registered Office
20 VICTORY WALK
LONDON
SE8 4ES
ENGLAND
Accountants
D K OBENG GROUP
120 DALMALLY ROAD
CROYDON
CR0 6LT
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
ADMIRE'S FURNISHINGS LTD
for the year ended 31 May 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ADMIRE'S FURNISHINGS LTD for the year ended
31 May 2025 as set out on pages
5 -
8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of ADMIRE'S FURNISHINGS LTD, as a body, in accordance with the terms of our engagement letter dated 28 December 2021. Our work has been undertaken solely to prepare for your approval the accounts of ADMIRE'S FURNISHINGS LTD and state those matters that we have agreed to state to the Board of Directors of ADMIRE'S FURNISHINGS LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ADMIRE'S FURNISHINGS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ADMIRE'S FURNISHINGS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ADMIRE'S FURNISHINGS LTD. You consider that ADMIRE'S FURNISHINGS LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ADMIRE'S FURNISHINGS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
D K OBENG GROUP
Chartered Certified Accountants
120 DALMALLY ROAD
CROYDON
CR0 6LT
13 February 2026
ADMIRE'S FURNISHINGS LTD
Statement of financial position
as at 31 May 2025
Cash at bank and in hand
8,772
(5)
Creditors: amounts falling due within one year
(46,444)
(37,034)
Net current liabilities
(6,914)
(10,513)
Total assets less current liabilities
(6,285)
(9,337)
Creditors: amounts falling due after more than one year
(5,860)
(8,060)
Provisions for liabilities
Net liabilities
(12,265)
(17,621)
Profit and loss account
(12,265)
(17,621)
Shareholders' funds
(12,265)
(17,621)
For the year ending 31 May 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 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 13 February 2026 and were signed on its behalf by
Adama Kamara
Director
Company Registration No. 10161569
ADMIRE'S FURNISHINGS LTD
Notes to the Accounts
for the year ended 31 May 2025
ADMIRE'S FURNISHINGS LTD is a private company, limited by shares, registered in England and Wales, registration number 10161569. The registered office is 20 VICTORY WALK, LONDON, SE8 4ES, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
25% Straight Line
Computer equipment
33.33% Straight Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
ADMIRE'S FURNISHINGS LTD
Notes to the Accounts
for the year ended 31 May 2025
The Financial Statements have been prepared on a going concern basis, despite the company's balance sheet showing net liabilities of £12,265. This does not indicate that the company may be unable to continue trading. Based on the current forecasts the directors have indicated that they have the resources to make funds available to the company to enable it to meet its debts as and when they fall due for a period of at least twelve months from the date of approval of these financial statements and they are of the opinion that the going concern basis is appropriate.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2024
2,345
712
3,057
At 31 May 2025
2,345
712
3,057
At 1 June 2024
1,287
594
1,881
Charge for the year
492
55
547
At 31 May 2025
1,779
649
2,428
At 31 May 2024
1,058
118
1,176
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
2,200
2,200
Taxes and social security
3,893
4,136
Other creditors
11,000
10,000
Loans from directors
25,218
6,700
7
Creditors: amounts falling due after more than one year
2025
2024
ADMIRE'S FURNISHINGS LTD
Notes to the Accounts
for the year ended 31 May 2025
8
Operating lease commitments
2025
2024
At 31 May 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
16,667
25,000
Later than one year and not later than five years
-
16,667
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).