Jeffay Furniture Limited - Filleted accounts

Registered number

04568654

Jeffay Furniture Limited

Filleted Accounts

31 March 2026

Jeffay Furniture Limited
Registered number:		04568654
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		12,200			12,200
Tangible assets	4		2,411			3,012
			14,611			15,212

Current assets
Stocks		1,500			1,500
Debtors	5	16,626			15,314
Cash at bank and in hand		24,846			15,654
		42,972			32,468

Creditors: amounts falling due within one year	6	(21,701)			(22,063)

Net current assets			21,271			10,405

Total assets less current liabilities			35,882			25,617

Creditors: amounts falling due after more than one year	7		(9,349)			(12,454)



Net assets			26,533			13,163

Capital and reserves
Called up share capital			100			100
Profit and loss account			26,433			13,063

Shareholders' funds			26,533			13,163

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




A D Jeffay
Director
Approved by the board on 21 July 2026

Jeffay Furniture Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Land and Buildings			20% on reducing balance
	Plant and machinery			20% on reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					1		1


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2025							38,000
	At 31 March 2026							38,000

	Amortisation
	At 1 April 2025							25,800
	At 31 March 2026							25,800

	Net book value
	At 31 March 2026							12,200
	At 31 March 2025							12,200




4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2025	5,000		3,324		8,999		17,323
	At 31 March 2026	5,000		3,324		8,999		17,323

	Depreciation
	At 1 April 2025	4,963		3,298		6,050		14,311
	Charge for the year	7		5		589		601
	At 31 March 2026	4,970		3,303		6,639		14,912

	Net book value
	At 31 March 2026	30		21		2,360		2,411
	At 31 March 2025	37		26		2,949		3,012


5	Debtors					2026		2025
£							£

	Trade debtors					11,000		12,000
	Other debtors					5,626		3,314
						16,626		15,314


6	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					5,500		8,000
	Corporation tax					14,222		10,210
	Other taxes and social security costs					1,979		3,085
	Other creditors					-		768
						21,701		22,063


7	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					9,349		12,454


8	Other information

	Jeffay Furniture Limited is a private company limited by shares and incorporated in England. Its registered office is:
	37 Harmony Close
	London
	England
	NW11 0JJ