REGISTERED NUMBER: 07693067 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

2020 Furniture Design Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P Solowiej

SECRETARY:

Mr K Parchimowicz

REGISTERED OFFICE:

Brigade House

Alington Road

Little Barford

ST NEOTS

PE19 6WG

REGISTERED NUMBER:

07693067 (England and Wales)

FIXED ASSETS

Tangible assets

5

17,379

38,341

CURRENT ASSETS

Stocks

112,390

45,183

Debtors

6

207,121

311,178

Cash at bank

148,654

358,410

468,165

714,771

CREDITORS

Amounts falling due within one year

7

309,183

565,626

NET CURRENT ASSETS

158,982

149,145

TOTAL ASSETS LESS CURRENT LIABILITIES

176,361

187,486

CREDITORS

Amounts falling due after more than one year

8

(715

)

(8,915

)

PROVISIONS FOR LIABILITIES

(1,095

)

(9,585

)

NET ASSETS

174,551

168,986

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

174,451

168,886

SHAREHOLDERS' FUNDS

174,551

168,986

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 26 June 2026 and were signed by:

Mr P Solowiej - Director

1.	STATUTORY INFORMATION

2020 Furniture Design 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.

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on 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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, 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.

Debt instruments are subsequently measured at amortised cost.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 12 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

181,591

Disposals

(106,190

)

At 31 December 2025

75,401

DEPRECIATION

At 1 January 2025

143,250

Charge for year

5,794

Eliminated on disposal

(91,022

)

At 31 December 2025

58,022

NET BOOK VALUE

At 31 December 2025

17,379

At 31 December 2024

38,341

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

32,000

DEPRECIATION

At 1 January 2025

15,945

Charge for year

4,014

At 31 December 2025

19,959

NET BOOK VALUE

At 31 December 2025

12,041

At 31 December 2024

16,055

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

177,978

303,070

Other debtors

29,143

8,108

207,121

311,178

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

8,200

7,494

Trade creditors

40,758

175,865

Amounts owed to group undertakings

122,638

208,957

Taxation and social security

109,547

130,708

Other creditors

28,040

42,602

309,183

565,626

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

715

8,915

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

8,200

7,494

Between one and five years

715

8,915

8,915

16,409

10.	SECURED DEBTS

Barclays Bank PLC holds a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

This also includes a cross guarantee with all group companies, Twenty20 Properties Ltd 10961811 and 2020 Hold Co Ltd 15063650.

11.

PARENT

The ultimate parent company is 2020 Hold Co Ltd. 2020 Hold Co Ltd is a company registered in England and Wales and whose registered office is Lewis House, Great Chesterford Court, Great Chesterford, Essex, United Kingdom, CB10 1PF.