REGISTERED NUMBER: 08687869 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2026

FOR

DAVID SALMON FURNISHERS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

5

36,000

54,000

Tangible assets

6

51,596

31,979

87,596

85,979

CURRENT ASSETS

Stocks

212,067

366,849

Debtors

7

36,870

52,269

Cash at bank and in hand

119,365

47,005

368,302

466,123

CREDITORS

Amounts falling due within one year

8

220,082

266,274

NET CURRENT ASSETS

148,220

199,849

TOTAL ASSETS LESS CURRENT LIABILITIES

235,816

285,828

PROVISIONS FOR LIABILITIES

10

9,457

5,100

NET ASSETS

226,359

280,728

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

226,259

280,628

SHAREHOLDERS' FUNDS

226,359

280,728

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2026 and were signed on its behalf by:

Mr P J Salmon - Director

Mrs E M Salmon - Director

1.	STATUTORY INFORMATION

David Salmon Furnishers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08687869

Registered office:

116 South Street

Eastbourne

East Sussex

BN21 4LZ

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.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Goodwill

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - 20% straight line & 10% straight line

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold property

-

In accordance with lease term

Fixtures, fittings and equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

All fixed assets are initially recorded at cost.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

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.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2025 - 13 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

239,000

AMORTISATION

At 1 April 2025

185,000

Amortisation for year

18,000

At 31 March 2026

203,000

NET BOOK VALUE

At 31 March 2026

36,000

At 31 March 2025

54,000

6.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Leasehold

and

Motor

Computer

property

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

9,828

48,036

43,806

9,308

110,978

Additions

-

-

34,000

2,586

36,586

Disposals

-

(7,830

)

(4,043

)

(819

)

(12,692

)

At 31 March 2026

9,828

40,206

73,763

11,075

134,872

DEPRECIATION

At 1 April 2025

9,703

29,502

31,557

8,237

78,999

Charge for year

125

2,596

11,427

1,053

15,201

Eliminated on disposal

-

(6,602

)

(3,503

)

(819

)

(10,924

)

At 31 March 2026

9,828

25,496

39,481

8,471

83,276

NET BOOK VALUE

At 31 March 2026

-

14,710

34,282

2,604

51,596

At 31 March 2025

125

18,534

12,249

1,071

31,979

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

8,164

9,110

Tax

523

-

Prepayments and accrued income

28,183

43,159

36,870

52,269

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

78,635

101,414

Corporation tax

-

1,746

PAYE and social security

5,036

6,322

VAT

59,259

54,007

Other creditors

69,072

93,062

Directors' current account

3

3

Accruals and deferred income

8,077

9,720

220,082

266,274

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

73,975

86,946

Between one and five years

47,775

87,642

121,750

174,588

10.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

Accelerated capital allowances

9,457

5,100

Deferred tax

£

Balance at 1 April 2025

5,100

Charge to Profit and Loss Account during year

4,357

Balance at 31 March 2026

9,457

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

800

A

0.10

80

80

200

B

0.10

20

20

100

100

12.	RELATED PARTY DISCLOSURES

During the year, the company paid rent to the directors of £40,000 (2025: £40,000) for use of a property owned by the directors.