FURNITURE WORLD (SOUTH) LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 11545376

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		23,094		28,921

			23,094		28,921
CURRENT ASSETS
Stocks	5	6,242		22,267
Cash at bank and in hand		11,087		3,157

		17,329		25,424
Creditors: Amounts Falling Due Within One Year	6	(1,200 )		(22,242 )

NET CURRENT ASSETS (LIABILITIES)			16,129		3,182

TOTAL ASSETS LESS CURRENT LIABILITIES			39,223		32,103

Creditors: Amounts Falling Due After More Than One Year	7		(44,150 )		(46,550 )

NET LIABILITIES			(4,927 )		(14,447 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(5,027 )		(14,547 )

SHAREHOLDERS' FUNDS			(4,927)		(14,447)

Page 1

Page 2

FURNITURE WORLD (SOUTH) 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 member has 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.

On behalf of the board

Mr Zulfiqar Mirza

Director

31/05/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

FURNITURE WORLD (SOUTH) LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 11545376 . The registered office is 115 Lodge Road, Southampton, SO14 6RE.

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. 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.

2.3. 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%
Motor Vehicles	20%
Fixtures & Fittings	20%
Computer Equipment	25%

2.4. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 September 2024	9,000	7,500	60,576	3,583	80,659

As at 31 August 2025	9,000	7,500	60,576	3,583	80,659

...CONTINUED

Page 3

Page 4

FURNITURE WORLD (SOUTH) LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Depreciation
As at 1 September 2024	3,240	5,042	40,726	2,730	51,738
Provided during the period	1,152	492	3,970	213	5,827

As at 31 August 2025	4,392	5,534	44,696	2,943	57,565

Net Book Value
As at 31 August 2025	4,608	1,966	15,880	640	23,094

As at 1 September 2024	5,760	2,458	19,850	853	28,921

5. Stocks

	2025	2024
	£	£
Finished goods	6,242	22,267

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	1,200	-
Other creditors	-	20,802
Taxation and social security	-	1,440

	1,200	22,242

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	44,150	46,550

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

Page 4