All Direct Furniture Limited 31/10/2025 iXBRL

Company registration number: NI046992

All Direct Furniture Limited

Unaudited filleted financial statements

31 October 2025

All Direct Furniture Limited

Contents

Directors and other information

Accountants report

Balance sheet

Notes to the financial statements

All Direct Furniture Limited

Directors and other information


	Directors
		Mr Leo McGurk
		Mr Eugene McGurk


	Secretary	Leo McGurk


	Company number	NI046992


	Registered office	6 Church Street
		Banbridge
		County Down
		BT32 4AA


	Business address	593 Falls Road
		Belfast
		BT11 9AB


	Accountants	Jones Peters
		Hughes House
		6/7 Church Street
		Banbridge
		BT32 4AA




	Bankers	Danske Bank
		Belfast Finance Centre
		Donegall Square West
		Belfast
		BT1 6JS


	Solicitors	Brian Feeney & Co Solicitors
		20-22 Market Street
		Downpatrick
		Co Down
		BT30 6LY

All Direct Furniture Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of All Direct Furniture Limited

Year ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of All Direct Furniture Limited for the year ended 31 October 2025 which comprise the Balance sheet and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.

This report is made solely to the board of directors of All Direct Furniture Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of All Direct Furniture Limited and state those matters that we have agreed to state to the board of directors of All Direct Furniture Limited as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than All Direct Furniture Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that All Direct Furniture Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of All Direct Furniture Limited. You consider that All Direct Furniture Limited 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 financial statements of All Direct Furniture Limited. 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 financial statements.

Jones Peters

Chartered Accountants

Hughes House

6/7 Church Street

Banbridge

BT32 4AA

9 July 2026

All Direct Furniture Limited

Balance sheet

31 October 2025

		31/10/25		30/06/24
	Note	£	£	£	£

Fixed assets
Tangible assets	5	3,167		13,465
		_______		_______
			3,167		13,465

Current assets
Stocks		79,427		80,494
Debtors	6	6,568,393		4,728,131
Cash at bank and in hand		1,112,945		1,376,738
		_______		_______
		7,760,765		6,185,363
Creditors: amounts falling due
within one year	7	( 723,587)		( 428,501)
		_______		_______
Net current assets			7,037,178		5,756,862
			_______		_______
Total assets less current liabilities			7,040,345		5,770,327


Provisions for liabilities			( 19,631)		( 14,475)

			_______		_______
Net assets			7,020,714		5,755,852
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			7,020,614		5,755,752
			_______		_______
Shareholders funds			7,020,714		5,755,852
			_______		_______

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the Profit and Loss Account and Retained Earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 09 July 2026 , and are signed on behalf of the board by:

Mr Leo McGurk

Director

Company registration number: NI046992

All Direct Furniture Limited

Notes to the financial statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 6 Church Street, Banbridge, County Down, BT32 4AA.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

General information and basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These are the amended statutory financial statements replacing financial statements filed at Companies House on 27th June 2025. These are prepared as they were at the date of the superseded financial statements.

Judgements and key sources of estimation uncertainty

No significant judgements have had to be made by management in preparing these financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25 %	straight line
Motor vehicles	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 24 (2024: 23 ).

5. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 July 2024 and 31 October 2025	20,175	125,551	145,726
	_______	_______	_______
Depreciation
At 1 July 2024	20,175	112,086	132,261
Charge for the year	-	10,298	10,298
	_______	_______	_______
At 31 October 2025	20,175	122,384	142,559
	_______	_______	_______
Carrying amount
At 31 October 2025	-	3,167	3,167
	_______	_______	_______
At 31 October 2024	-	13,465	13,465
	_______	_______	_______

6. Debtors

	31/10/25	30/06/24
	£	£
Trade debtors	-	3,114
Other debtors	6,568,393	4,725,017
	_______	_______
	6,568,393	4,728,131
	_______	_______

7. Creditors: amounts falling due within one year

	31/10/25	30/06/24
	£	£
Trade creditors	198,815	179,940
Corporation tax	319,353	140,793
Social security and other taxes	185,675	88,024
Other creditors	19,744	19,744
	_______	_______
	723,587	428,501
	_______	_______

8. Related party transactions

At 31 October 2025 All Direct Furniture Limited was owed £6,517,302 by L & E Properties Ltd, a company controlled by the directors.

9. Controlling party

The directors equally control the company through their share ownership.