REGISTERED NUMBER: 08528315 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Furn Contracts Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Simon Furnival

REGISTERED OFFICE:

Unit 5 Wickham Business Park,

Honeywood Road

Basildon

Essex

SS14 3EQ

REGISTERED NUMBER:

08528315 (England and Wales)

ACCOUNTANTS:

Robert Lewis Accountants

4 Capricorn Centre

Cranes Farm Road

Basildon

Essex

SS14 3JJ

FIXED ASSETS

Tangible assets

4

40,065

47,135

CURRENT ASSETS

Stocks

-

70,834

Debtors

5

963,882

433,314

Cash at bank and in hand

62,289

106,225

1,026,171

610,373

CREDITORS

Amounts falling due within one year

6

787,244

446,899

NET CURRENT ASSETS

238,927

163,474

TOTAL ASSETS LESS CURRENT LIABILITIES

278,992

210,609

CREDITORS

Amounts falling due after more than one year

7

-

(43,547

)

PROVISIONS FOR LIABILITIES

(10,016

)

(8,956

)

NET ASSETS

268,976

158,106

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

268,676

157,806

SHAREHOLDERS' FUNDS

268,976

158,106

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 12 June 2026 and were signed by:

Simon Furnival - Director

1.	STATUTORY INFORMATION

Furn Contracts 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 10 (2025 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

116,645

DEPRECIATION

At 1 April 2025

69,510

Charge for year

7,070

At 31 March 2026

76,580

NET BOOK VALUE

At 31 March 2026

40,065

At 31 March 2025

47,135

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

869,672

328,022

Amounts owed by group undertakings

88,633

88,633

Other debtors

5,577

16,659

963,882

433,314

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

28,173

41,858

Hire purchase contracts

-

13,071

Trade creditors

292,634

63,550

Amounts owed to group undertakings

20,402

20,402

Taxation and social security

127,621

303,463

Other creditors

318,414

4,555

787,244

446,899

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

-

27,208

Hire purchase contracts

-

16,339

-

43,547

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr Simon Furnival by virtue of a major shareholding.