REGISTERED NUMBER: 15961714 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

17 SEPTEMBER 2024 TO 30 SEPTEMBER 2025

FOR

ADVANCED FURNITURE CONCEPTS LIMITED

Page

Company Information

1

Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

Mr P J Hearn

REGISTERED OFFICE:

St. Georges Works

Coronation Road

Cressex Business Park

High Wycombe

Buckinghamshire

HP12 3GG

REGISTERED NUMBER:

15961714 (England and Wales)

ACCOUNTANTS:

Seymour Taylor Limited

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Advanced Furniture Concepts Limited for the period ended 30 September 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Advanced Furniture Concepts Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Advanced Furniture Concepts Limited and state those matters that we have agreed to state to the director of Advanced Furniture Concepts Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Advanced Furniture Concepts Limited and its director for our work or for this report.

It is your duty to ensure that Advanced Furniture Concepts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Advanced Furniture Concepts Limited. You consider that Advanced Furniture Concepts Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Advanced Furniture Concepts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Seymour Taylor Limited

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

11 September 2026

FIXED ASSETS

Intangible assets

4

7,833

CURRENT ASSETS

Stocks

441

Debtors

5

27,300

Cash at bank

7,153

34,894

CREDITORS

Amounts falling due within one year

6

79,342

NET CURRENT LIABILITIES

(44,448

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(36,615

)

CAPITAL AND RESERVES

Called up share capital

7

10

Retained earnings

(36,625

)

SHAREHOLDERS' FUNDS

(36,615

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 11 September 2026 and were signed by:

Mr P J Hearn - Director

1.	STATUTORY INFORMATION

Advanced Furniture Concepts Limited is a private company limited by shares and incorporated in England and Wales. The address of the company's registered office is St. Georges Works Coronation Road, Cressex Business Park, High Wycombe, United Kingdom, HP12 3GG. The registered number is 15961714.

The presentation currency of these financial statements is Sterling (£), being the currency of the primary economic market in which the entity operates (its functional currency). All amounts in these financial statements have been rounded to the nearest pound unless stated otherwise.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The director has assessed expected future cashflows, giving due consideration to all relevant factors affecting the company. The director has considered the potential impact on the company as well as its capital resources and believes that the company has adequate resources in place to continue in operation for at least twelve months from the date of approval of the financial statements.

Although at the statement of financial position date the company had net current liabilities of £44,448 and total net liabilities of £36,615, the director believes it is appropriate for the financial statements to be prepared on the going concern basis as the company is able to rely on the support of its shareholder.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2025, is being amortised evenly over its estimated useful life of five years.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Tax on the profit or loss 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 directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the statement of financial position date, and any adjustment to tax payable in respect of previous years.

Deferred tax

Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Differences between accumulated depreciation and tax allowances for the cost of a fixed asset, if and when all conditions for retaining the tax allowances have been met, are not provided for. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the statement of financial position date. Deferred tax balances are not discounted.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

10,000

At 30 September 2025

10,000

AMORTISATION

Charge for period

2,167

At 30 September 2025

2,167

NET BOOK VALUE

At 30 September 2025

7,833

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

11,400

Other debtors

15,900

27,300

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

29,264

Taxation and social security

5,023

Other creditors

45,055

79,342

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£10

10

1 Ordinary share of £10 was allotted and fully paid for cash at par during the period.

8.	RELATED PARTY DISCLOSURES

As at the statement of financial position date, an amount of £31,459 was owed to Chairborough Developments Limited, a company with a director and shareholder in common. The balance is unsecured, interest free, and repayable on demand.