REGISTERED NUMBER: 04595802 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

RETAIL FURNITURE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

N Enefer

S Gough

A Hall

Mrs L K Cadd

SECRETARY:

REGISTERED OFFICE:

Unit E

Halesfield 13

Telford

Shropshire

TF7 4PL

REGISTERED NUMBER:

04595802 (England and Wales)

ACCOUNTANTS:

CHEADLES

Chartered Accountants

Telegraph House

59 Wolverhampton Road

Stafford

Staffordshire

ST17 4AW

FIXED ASSETS

Tangible assets

4

129,269

64,468

CURRENT ASSETS

Stocks

71,206

161,433

Debtors

5

1,056,430

1,022,101

Cash at bank

204,537

120,563

1,332,173

1,304,097

CREDITORS

Amounts falling due within one year

6

1,091,619

1,019,936

NET CURRENT ASSETS

240,554

284,161

TOTAL ASSETS LESS CURRENT LIABILITIES

369,823

348,629

CREDITORS

Amounts falling due after more than one year

7

(88,937

)

(66,402

)

PROVISIONS FOR LIABILITIES

(15,281

)

(16,117

)

NET ASSETS

265,605

266,110

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

265,603

266,108

SHAREHOLDERS' FUNDS

265,605

266,110

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2026 and were signed on its behalf by:

N Enefer - Director

1.	STATUTORY INFORMATION

Retail 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 preparing the financial statements

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.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts for reported assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

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 Income Statement, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Employee benefits

The holiday year end runs in line with the accounting year end and so no holiday pay accrual is required in the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2025 - 52 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

196,533

Additions

94,950

Disposals

(96,204

)

At 31 March 2026

195,279

DEPRECIATION

At 1 April 2025

132,065

Charge for year

19,666

Eliminated on disposal

(85,721

)

At 31 March 2026

66,010

NET BOOK VALUE

At 31 March 2026

129,269

At 31 March 2025

64,468

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2025

87,347

Additions

94,950

At 31 March 2026

182,297

DEPRECIATION

At 1 April 2025

43,531

Charge for year

14,791

At 31 March 2026

58,322

NET BOOK VALUE

At 31 March 2026

123,975

At 31 March 2025

43,816

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

938,823

935,925

Other debtors

117,607

86,176

1,056,430

1,022,101

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

22,917

25,000

Hire purchase contracts

30,997

28,345

Trade creditors

285,690

509,391

Amounts owed to group undertakings

254,806

231,801

Taxation and social security

365,042

221,154

Other creditors

132,167

4,245

1,091,619

1,019,936

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

-

22,917

Hire purchase contracts

88,937

43,485

88,937

66,402

8.	RELATED PARTY DISCLOSURES

At the balance sheet date, a loan of £252,218 (2025: £231,801) was due to be paid to the parent company, Retail Furniture Holdings Limited.

During the year, rent totalling £72,000 (2025: £72,000), and service charges of £100,004 (2025: £100,004) were charged from the parent company.

A loan of £114,415 (2025:£80,780) was made to a company called LWF Properties Limited, a company in which one of the directors has an interest.

Interest has been charged on these balances at a rate of 3.75% per annum.

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Retail Furniture Limited for the year ended 31 March 2026 which comprise the Income Statement, Balance Sheet, 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 Board of Directors of Retail Furniture Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Retail Furniture Limited and state those matters that we have agreed to state to the Board of Directors of Retail Furniture Limited, as a body, 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 Retail Furniture Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Retail Furniture 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 profit of Retail Furniture Limited. You consider that Retail Furniture Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Retail Furniture 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.

CHEADLES

Chartered Accountants

Telegraph House

59 Wolverhampton Road

Stafford

Staffordshire

ST17 4AW

8 September 2026