REGISTERED NUMBER: 05949949 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

AJ Furniture & Beds Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T P Collins

SECRETARY:

Mrs K E Collins

REGISTERED OFFICE:

51-52 Waverley Road

Beeches Industrial Estate

Yate

BRISTOL

BS37 5QR

REGISTERED NUMBER:

05949949 (England and Wales)

FIXED ASSETS

Tangible assets

4

21,553

26,654

CURRENT ASSETS

Stocks

5

117,000

133,745

Debtors

6

27,895

31,860

Cash at bank

112,795

70,226

257,690

235,831

CREDITORS

Amounts falling due within one year

7

186,862

164,417

NET CURRENT ASSETS

70,828

71,414

TOTAL ASSETS LESS CURRENT LIABILITIES

92,381

98,068

CREDITORS

Amounts falling due after more than one year

8

(20,985

)

(25,785

)

PROVISIONS FOR LIABILITIES

(1,318

)

(5,375

)

NET ASSETS

70,078

66,908

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

70,075

66,905

70,078

66,908

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23 June 2026 and were signed by:

T P Collins - Director

1.	STATUTORY INFORMATION

AJ Furniture & Beds Ltd 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.

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life:

Fixtures an fittings

- 33% on reducing balance and 15% on reducing balance

Motor vehicles

- 25% on reducing balance

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each

reporting period. The effect of any changes is accounted for prospectively.

Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in profit or loss.

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

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 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

leasehold

fittings

vehicles

Totals

£

£

£

£

COST

At 1 October 2024

6,445

50,008

55,161

111,614

Additions

-

1,306

-

1,306

At 30 September 2025

6,445

51,314

55,161

112,920

DEPRECIATION

At 1 October 2024

1,289

40,043

43,628

84,960

Charge for year

1,289

2,235

2,883

6,407

At 30 September 2025

2,578

42,278

46,511

91,367

NET BOOK VALUE

At 30 September 2025

3,867

9,036

8,650

21,553

At 30 September 2024

5,156

9,965

11,533

26,654

5.

STOCKS

2025

2024

£

£

Stocks

117,000

133,745

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

5,000

5,000

Prepayments and accrued income

22,895

26,860

27,895

31,860

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

13,882

6,072

Hire purchase contracts (see note 9)

-

3,986

Trade creditors

100,423

88,092

Tax

543

2,245

Social security and other taxes

1,864

2,625

VAT

5,591

1,366

Other creditors

45,927

43,550

Directors' current accounts

592

1,918

Accruals and deferred income

18,040

14,563

186,862

164,417

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

6,072

6,072

Bank loans - 2-5 years

14,913

19,713

20,985

25,785

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

-

3,986

Non-cancellable

operating leases

2025

2024

£

£

Within one year

56,833

90,856

Between one and five years

368,711

177,056

In more than five years

177,999

-

603,543

267,912

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T P Collins.