M Sadiq Furniture Ltd - Filleted accounts

Registered number

03548944

M Sadiq Furniture Ltd

Filleted Accounts

31 December 2025

M Sadiq Furniture Ltd
Registered number:		03548944
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,592,056			2,207,398

Current assets
Stocks		290,445			609,150
Debtors	4	353,537			376,012
Cash at bank and in hand		610,129			175,982
		1,254,111			1,161,144

Creditors: amounts falling due within one year	5	(1,090,208)			(1,323,590)

Net current assets/(liabilities)			163,903			(162,446)

Total assets less current liabilities			1,755,959			2,044,952

Creditors: amounts falling due after more than one year	6		(1,132,212)			(1,271,444)

Provisions for liabilities			(69,935)			(69,012)


Net assets			553,812			704,496

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			552,812			703,496

Shareholders' funds			553,812			704,496

The director is 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 director acknowledges his 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.




M P J Sadiq
Director
Approved by the board on 20 April 2026

M Sadiq Furniture Ltd
Notes to the Accounts
for the year ended 31 December 2025


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.

	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:

	Plant & machinery			20% reducing balance
	Motor vehicles			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					48		50


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2025	1,880,793		585,314		496,834		2,962,941
	Additions	-		-		34,490		34,490
	Disposals	(517,470)		-		(138,408)		(655,878)
	At 31 December 2025	1,363,323		585,314		392,916		2,341,553

	Depreciation
	At 1 January 2025	49,226		417,855		288,462		755,543
	Charge for the year	6,444		33,492		48,591		88,527
	On disposals	(4,661)		-		(89,912)		(94,573)
	At 31 December 2025	51,009		451,347		247,141		749,497

	Net book value
	At 31 December 2025	1,312,314		133,967		145,775		1,592,056
	At 31 December 2024	1,831,567		167,459		208,372		2,207,398


4	Debtors					2025		2024
£							£

	Trade debtors					270,466		296,191
	Other debtors					83,071		79,821
						353,537		376,012


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					71,657		77,500
	Obligations under finance lease and hire purchase contracts					83,396		133,533
	Trade creditors					129,270		194,111
	Director's loan					340,642		508,654
	Taxation and social security costs					199,914		166,267
	Other creditors					265,329		243,525
						1,090,208		1,323,590


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					1,036,758		1,120,241
	Obligations under finance lease and hire purchase contracts					95,454		151,203
						1,132,212		1,271,444


7	Controlling party

	The company's controlling party was the director who owned 51% of the issued share capital (his wife, Mrs T L Sadiq owned the other 49%).


8	Other information

	M Sadiq Furniture Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Units 1 - 4 Commerce Way
	Walrow Industrial Estate
	Highbridge
	Somerset
	TA9 4AG