Furniture Interior Limited - Accounts to registrar (filleted) - small 18.2

Furniture Interior Limited - Accounts to registrar (filleted) - small 18.2

SEASON COOKSHOP LIMITED - Company Information

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REGISTERED NUMBER: 05591282 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021

FOR

FURNITURE INTERIOR LIMITED
T/A
SEASON COOKSHOP
FURNITURE INTERIOR LIMITED (REGISTERED NUMBER: 05591282)
T/A SEASON COOKSHOP






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FURNITURE INTERIOR LIMITED
T/A SEASON COOKSHOP

COMPANY INFORMATION
for the Year Ended 31 January 2021







DIRECTORS: Mr J Elsdale
Mr J M Moran





SECRETARY: Mr B S Elsdale





REGISTERED OFFICE: 166 West End Lane
London
NW6 1SD





REGISTERED NUMBER: 05591282 (England and Wales)





ACCOUNTANTS: ADJ Business Solutions Limited
10 Coldbath Square
London
EC1R 5HL
Page 1
FURNITURE INTERIOR LIMITED (REGISTERED NUMBER: 05591282)
T/A SEASON COOKSHOP

BALANCE SHEET
31 January 2021

31.1.21 31.1.20
Notes £    £   
FIXED ASSETS
Tangible assets 4 25,290 19,513

CURRENT ASSETS
Stocks 214,192 154,548
Debtors 5 59,985 58,554
Cash at bank 361,188 35,656
635,365 248,758
CREDITORS
Amounts falling due within one year 6 (424,944 ) (182,106 )
NET CURRENT ASSETS 210,421 66,652
TOTAL ASSETS LESS CURRENT
LIABILITIES
235,711
86,165

CREDITORS
Amounts falling due after more than one
year
7
(63,000
)
-

PROVISIONS FOR LIABILITIES (4,805 ) (3,707 )
NET ASSETS 167,906 82,458

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 167,806 82,358
SHAREHOLDERS' FUNDS 167,906 82,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 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 notes form part of these financial statements

Page 2 continued...
FURNITURE INTERIOR LIMITED (REGISTERED NUMBER: 05591282)
T/A SEASON COOKSHOP

BALANCE SHEET - continued
31 January 2021


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 29 October 2021 and were signed on its behalf by:





Mr J M Moran - Director


The notes form part of these financial statements

Page 3
FURNITURE INTERIOR LIMITED (REGISTERED NUMBER: 05591282)
T/A SEASON COOKSHOP

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2021

1. STATUTORY INFORMATION

Furniture Interior 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.

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.
Plant and machinery etc - 33% on reducing balance, 15% on reducing balance and in accordance with the property

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

Financial instruments
The Company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Page 4 continued...
FURNITURE INTERIOR LIMITED (REGISTERED NUMBER: 05591282)
T/A SEASON COOKSHOP

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2021

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2020 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2020 60,636
Additions 10,148
At 31 January 2021 70,784
DEPRECIATION
At 1 February 2020 41,123
Charge for year 4,371
At 31 January 2021 45,494
NET BOOK VALUE
At 31 January 2021 25,290
At 31 January 2020 19,513

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.21 31.1.20
£    £   
Trade debtors 39,042 31,695
Other debtors 20,943 26,859
59,985 58,554

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.21 31.1.20
£    £   
Bank loans and overdrafts 7,000 -
Trade creditors 189,120 45,816
Taxation and social security 124,535 29,303
Other creditors 104,289 106,987
424,944 182,106

Page 5 continued...
FURNITURE INTERIOR LIMITED (REGISTERED NUMBER: 05591282)
T/A SEASON COOKSHOP

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.21 31.1.20
£    £   
Bank loans 63,000 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,000 -

Page 6