REGISTERED NUMBER: 06074600 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

SMART IMAGE FURNITURE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T R A Kirby

Mrs D J Kirby

SECRETARY:

Mrs D J Kirby

REGISTERED OFFICE:

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

REGISTERED NUMBER:

06074600 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

FIXED ASSETS

Tangible assets

4

48,411

41,399

CURRENT ASSETS

Stocks

5,409

5,688

Debtors

5

48,550

40,262

Cash at bank

21,062

45,394

75,021

91,344

CREDITORS

Amounts falling due within one year

6

78,059

73,135

NET CURRENT (LIABILITIES)/ASSETS

(3,038

)

18,209

TOTAL ASSETS LESS CURRENT LIABILITIES

45,373

59,608

CREDITORS

Amounts falling due after more than one year

7

36,291

59,602

NET ASSETS

9,082

6

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

9,078

2

SHAREHOLDERS' FUNDS

9,082

6

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2026 and were signed on its behalf by:

T R A Kirby - Director

1.	STATUTORY INFORMATION

Smart Image Furniture Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2025

3,933

1,409

97,871

4,442

107,655

Additions

-

-

27,995

419

28,414

Disposals

-

-

-

(442

)

(442

)

At 31 January 2026

3,933

1,409

125,866

4,419

135,627

DEPRECIATION

At 1 February 2025

2,144

1,313

58,918

3,881

66,256

Charge for year

894

96

20,053

359

21,402

Eliminated on disposal

-

-

-

(442

)

(442

)

At 31 January 2026

3,038

1,409

78,971

3,798

87,216

NET BOOK VALUE

At 31 January 2026

895

-

46,895

621

48,411

At 31 January 2025

1,789

96

38,953

561

41,399

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 February 2025

74,121

Transfer to ownership

(25,600

)

At 31 January 2026

48,521

DEPRECIATION

At 1 February 2025

45,008

Charge for year

9,704

Transfer to ownership

(25,600

)

At 31 January 2026

29,112

NET BOOK VALUE

At 31 January 2026

19,409

At 31 January 2025

29,113

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

46,777

37,871

Other debtors

1,773

2,391

48,550

40,262

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

5,000

5,000

Hire purchase contracts

18,311

9,102

Trade creditors

23,903

27,864

Taxation and social security

17,472

19,585

Other creditors

13,373

11,584

78,059

73,135

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

21,667

26,667

Hire purchase contracts

14,624

32,935

36,291

59,602

2026

2025

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,667

6,667

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

32,935

42,037

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2026 and 31 January 2025:

2026

2025

£

£

Mrs D J Kirby and T R A Kirby

Balance outstanding at start of year

692

2,098

Amounts repaid

(692

)

(1,406

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

692

10.	RELATED PARTY DISCLOSURES

At 31 January 2026 other creditors include loans made to the company by the directors amounting to £1,564 (2025 £nil). The loans are interest free with no fixed date for repayment.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors.