Low Cost Furniture Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 00975043

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		232,649		232,649

			232,649		232,649
CURRENT ASSETS
Cash at bank and in hand		994		234

		994		234
Creditors: Amounts Falling Due Within One Year	5	(4,672 )		(4,529 )

NET CURRENT ASSETS (LIABILITIES)			(3,678 )		(4,295 )

TOTAL ASSETS LESS CURRENT LIABILITIES			228,971		228,354

NET ASSETS			228,971		228,354

CAPITAL AND RESERVES
Called up share capital	6		100		100
Other reserves			34,780		34,780
Profit and Loss Account			194,091		193,474

SHAREHOLDERS' FUNDS			228,971		228,354

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Low Cost Furniture Ltd.

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption from audit 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.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Valerie Axford Director	Mr Roger Axford Director
04/11/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Low Cost Furniture Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 00975043 . The registered office is 4 Grand Cinema Buildings, Poole Road, Bournemouth, Dorset, BH4 7DW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	No depreciation charged
Computer Equipment	33% straight line

2.3. Taxation

The corporation tax payable represents the tax payable without any provision being made for deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Land & Property
	Leasehold	Computer Equipment	Total
	£	£	£
Cost
As at 29 February 2024	232,649	1,403	234,052

As at 28 February 2025	232,649	1,403	234,052

Depreciation
As at 29 February 2024	-	1,403	1,403

As at 28 February 2025	-	1,403	1,403

Net Book Value
As at 28 February 2025	232,649	-	232,649

As at 29 February 2024	232,649	-	232,649

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Low Cost Furniture Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	1,553	1,310
Accruals and deferred income	2,706	2,833
Directors' loan accounts	413	386

	4,672	4,529

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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