REGISTERED NUMBER: 06755229 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

P & L DISCOUNT FURNITURE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms L. Carter

Mr J Carter

REGISTERED OFFICE:

218-220 Freeman Street

GRIMSBY

DN32 9DR

REGISTERED NUMBER:

06755229 (England and Wales)

ACCOUNTANTS:

Smethurst & Co

12 Abbey Road

GRIMSBY

DN32 0HL

BANKERS:

HSBC Bank plc

55 Victoria Street

GRIMSBY

DN31 1UX

FIXED ASSETS

Tangible assets

4

1,279

319

CURRENT ASSETS

Stocks

5

2,000

2,000

Debtors

6

3,320

2,529

Cash at bank

21,079

23,012

26,399

27,541

CREDITORS

Amounts falling due within one year

7

10,417

9,917

NET CURRENT ASSETS

15,982

17,624

TOTAL ASSETS LESS CURRENT LIABILITIES

17,261

17,943

PROVISIONS FOR LIABILITIES

242

60

NET ASSETS

17,019

17,883

CAPITAL AND RESERVES

Allotted, called up and

fully paid share capital

2

2

Profit and loss account

17,017

17,881

SHAREHOLDERS' FUNDS

17,019

17,883

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2026 and were signed on its behalf by:

Ms L. Carter - Director

1.	STATUTORY INFORMATION

P & L Discount 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents amounts received or receivable for the sale of bedroom furniture net of any discount given and value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% Reducing Balance

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 Statement of Income and Retained Earnings, 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.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 December 2024

1,010

525

1,535

Additions

1,300

149

1,449

At 30 November 2025

2,310

674

2,984

DEPRECIATION

At 1 December 2024

1,000

216

1,216

Charge for year

311

178

489

At 30 November 2025

1,311

394

1,705

NET BOOK VALUE

At 30 November 2025

999

280

1,279

At 30 November 2024

10

309

319

5.

STOCKS

30.11.25

30.11.24

£

£

Stocks

2,000

2,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

3,034

2,207

Other debtors

286

322

3,320

2,529

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade creditors

125

164

Taxation and social security

3,819

3,122

Other creditors

6,473

6,631

10,417

9,917