HMC Furniture Limited 30/11/2025 iXBRL

Company registration number: 06004469

HMC Furniture Limited

Unaudited filleted financial statements

For the year ended

30 November 2025

HMC Furniture Limited

Contents

Statement of financial position

Notes to the financial statements

HMC Furniture Limited

Statement of financial position

30 November 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	4	-		5,398
		________		________
			-		5,398

Current assets
Stocks		84,217		96,801
Debtors	5	42,008		34,768
Cash at bank and in hand		42,320		54,743
		________		________
		168,545		186,312
Creditors: amounts falling due
within one year	6	( 72,037)		( 75,193)
		________		________
Net current assets			96,508		111,119
			________		________
Total assets less current liabilities			96,508		116,517

Creditors: amounts falling due
after more than one year	7		( 26,774)		( 32,380)
			________		________
Net assets			69,734		84,137
			________		________

Capital and reserves
Called up share capital			101		101
Profit and loss account			69,633		84,036
			________		________
Shareholders funds			69,734		84,137
			________		________

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 13 July 2026 , and are signed on behalf of the board by:

Mr D Harris

Director

Company registration number: 06004469

HMC Furniture Limited

Notes to the financial statements

Year ended 30 November 2025

1. General information

The company is a private company limited by shares, registered in England and Wales, registration number 06004469 . The address of the registered office is 19 Guard Street, Workington, Cumbria, CA14 4EN.

2. Accounting policies

Basis of preparation

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'.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied with the same financial statements.

The financial statements have been prepared under the historical cost convention and in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS 102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible fixed assets are included at cost less depreciation.

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	-	20 %	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.

Stocks

Stocks are measured at the lower of cost and net realisable value.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for fixed asset investments which are measured at fair value, with changes recognised in the fair value reserve.

Defined contribution plans

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in comprehensive income when due.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

4. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 December 2024 and 30 November 2025	70,933	28,625	99,558
	________	________	________
Depreciation
At 1 December 2024	70,783	23,377	94,160
Charge for the year	150	5,248	5,398
	________	________	________
At 30 November 2025	70,933	28,625	99,558
	________	________	________
Carrying amount
At 30 November 2025	-	-	-
	________	________	________
At 30 November 2024	150	5,248	5,398
	________	________	________

5. Debtors

	2025	2024
	£	£
Trade debtors	26,132	11,759
Other debtors	15,876	23,009
	________	________
	42,008	34,768
	________	________

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,605	5,605
Trade creditors	11,420	14,537
Taxation and social security	14,760	15,130
Other creditors	40,252	39,921
	________	________
	72,037	75,193
	________	________

Obligations under finance leases are secured on the assets to which they relate. The company has entered into a debenture, dated 20 February 2007, in favour of HSBC Bank Plc which includes fixed and floating charges over the company's assets.

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	26,774	32,380
	________	________

Obligations under finance leases are secured on the assets to which they relate.

The bank loan outstanding at the year end includes instalments due after more than five years of £5, 605 (2024: £8,504).

8. Pension commitments

The company operates defined contribution pension schemes for directors and certain employees. The assets of the schemes are held seperately from those of the company in independently administered funds. At the balance sheet date, 30 November 2025, unpaid contributions of £180 (2024 - £175) were due to the fund. They are included in other creditors.

9. Directors advances, credits and guarantees

During the year the company made advances to Mr D Harris , a director, totalling £13,275 (2024: £21, 801). Repayments of £21,801 were made by 30 November 2025 and so the balance outstanding at the year end, 30 November 2025, was £13,275 (2024: £21,801). Where applicable, interest is charged on overdrawn loan accounts at the rate of 2.25% per annum to 5 April 2025 then 3.75% per annum thereafter, loans are repayable on demand.