REGISTERED NUMBER: 01173634 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 December 2025

for

FOREMOST FURNITURE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Collinson

H Creer

A Creer

M Conboy

J J Dawson

REGISTERED OFFICE:

The Flip, No 1 Carrs Industrial Estate

Bentwood Road

Haslingden

Rossendale

Lancashire

BB4 5HH

REGISTERED NUMBER:

01173634 (England and Wales)

ACCOUNTANTS:

Fact3

3 Hardman Square

Spinningfields

Manchester

M3 3EB

FIXED ASSETS

Tangible assets

4

260,033

97,048

CURRENT ASSETS

Stocks

5

658,089

420,076

Debtors

6

3,817,166

3,710,884

Cash at bank

241,036

115,583

4,716,291

4,246,543

CREDITORS

Amounts falling due within one year

7

2,773,176

1,827,082

NET CURRENT ASSETS

1,943,115

2,419,461

TOTAL ASSETS LESS CURRENT LIABILITIES

2,203,148

2,516,509

CREDITORS

Amounts falling due after more than one year

8

(104,808

)

(15,032

)

PROVISIONS FOR LIABILITIES

(64,376

)

(18,569

)

NET ASSETS

2,033,964

2,482,908

CAPITAL AND RESERVES

Called up share capital

2,640

2,640

Retained earnings

2,031,324

2,480,268

SHAREHOLDERS' FUNDS

2,033,964

2,482,908

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 directors acknowledge their 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 Board of Directors and authorised for issue on 13 August 2026 and were signed on its behalf by:

M Conboy - Director

J J Dawson - Director

1.	STATUTORY INFORMATION

FOREMOST FURNITURE LIMITED 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 accounting

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.

Going concern

The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the annual report and financial statements.

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.

Improvements to property

-

Over the life of the lease

Plant, machinery & computer equipment

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on cost

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.

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 65 (2024 - 64 ) .

4.	TANGIBLE FIXED ASSETS

Plant,

Improvements

machinery

Fixtures

to

& computer

and

Motor

property

equipment

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2025

67,672

488,002

37,900

80,000

673,574

Additions

-

65,204

144,634

-

209,838

At 31 December 2025

67,672

553,206

182,534

80,000

883,412

DEPRECIATION

At 1 January 2025

67,672

445,808

31,379

31,667

576,526

Charge for year

-

17,758

6,317

22,778

46,853

At 31 December 2025

67,672

463,566

37,696

54,445

623,379

NET BOOK VALUE

At 31 December 2025

-

89,640

144,838

25,555

260,033

At 31 December 2024

-

42,194

6,521

48,333

97,048

5.

STOCKS

2025

2024

£

£

Stocks and Work-in-progress

658,089

420,076

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,451,331

934,960

Amounts owed by group undertakings

2,216,380

2,648,462

Other debtors

149,455

127,462

3,817,166

3,710,884

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,284,218

843,537

Hire purchase contracts (see note 9)

37,367

32,061

Trade creditors

893,490

485,445

Tax

83,382

140,508

Social security and other taxes

275,653

195,794

Other creditors

199,066

129,737

2,773,176

1,827,082

The factoring creditor balance is secured by way of a fixed and floating debenture over the assets of the company.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

5,011

9,600

Bank loans - 2-5 years

-

5,432

Hire purchase contracts (see note 9)

99,797

-

104,808

15,032

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

37,367

32,061

Between one and five years

99,797

-

137,164

32,061

Non-cancellable

operating leases

2025

2024

£

£

Within one year

-

211,184

Between one and five years

-

378,498

-

589,682

10.	RELATED PARTY DISCLOSURES

During the period, the company paid management charges of £66,258 (2024: £65,121) to FF Concept Group Ltd the parent company of FFUK Holdings Limited. The balance due from FF Concept Group Ltd was £1,447,734 (2024: £1,491,179). FF Concept Group Ltd owns 100% of the shares in FFUK Holdings Limited.

During the period, the company paid management charges of £154 (2024: £98) to FFUK Holdings Limited. The balance due from FFUK Holdings Limited was £768,647 (2024: £1,157,283). FFUK Holdings Limited owns 100% of the shares in the company.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is FF Concept Group Limited.