PAPWORTH FURNITURE LIMITED

Company Registration Number:
03145742 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2026

Period of accounts

Start date: 01 February 2025

End date: 31 January 2026

PAPWORTH FURNITURE LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2026

Balance sheet
Notes

PAPWORTH FURNITURE LIMITED

Balance sheet

As at 31 January 2026


Notes
2026
2025


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 2,951 28,647
Investments:   0 0
Total fixed assets: 2,951 28,647
Current assets
Stocks: 217,350 197,289
Debtors:   535,760 840,247
Cash at bank and in hand: 2,342 40,541
Investments:   0 0
Total current assets: 755,452 1,078,077
Creditors: amounts falling due within one year:   (463,173) (436,924)
Net current assets (liabilities): 292,279 641,153
Total assets less current liabilities: 295,230 669,800
Creditors: amounts falling due after more than one year:   (14,268) (81,024)
Provision for liabilities: 0 0
Total net assets (liabilities): 280,962 588,776
Capital and reserves
Called up share capital: 47,000 47,000
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 28,000 28,000
Profit and loss account: 205,962 513,776
Shareholders funds: 280,962 588,776

The notes form part of these financial statements

PAPWORTH FURNITURE LIMITED

Balance sheet statements

For the year ending 31 January 2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 April 2026
and signed on behalf of the board by:

Name: L Tilley
Status: Director

The notes form part of these financial statements

PAPWORTH FURNITURE LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2026

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Other accounting policies

Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant and machinery - Depreciated over 7 years less any potential residual balance Fittings fixtures and equipment - Depreciated over 12 months from month after purchase Motor vehicles - Depreciated over 24 months from month after purchase If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

PAPWORTH FURNITURE LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2026

2. Employees

2026 2025
Average number of employees during the period 15 16

PAPWORTH FURNITURE LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2026

3. Tangible Assets

Total
Cost £
At 01 February 2025 851,104
Additions 1,595
Disposals 0
Revaluations 0
Transfers 0
At 31 January 2026 852,699
Depreciation
At 01 February 2025 822,457
Charge for year 27,291
On disposals 0
Other adjustments 0
At 31 January 2026 849,748
Net book value
At 31 January 2026 2,951
At 31 January 2025 28,647