FURNITURE CONCEPT LTD

FURNITURE CONCEPT LTD

FURNITURE CONCEPT LTD - Company Information

Print Friendly Version

true 1 August 2013 31 July 2014 31 July 2014 true false 04840084 true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04840084 2013-07-31 04840084 2014-07-31 04840084 2013-08-01 2014-07-31 04840084 uk-gaap:RestatedAmount 2013-07-31 04840084 uk-gaap:RestatedAmount 2014-07-31 04840084 uk-gaap:NetGoodwill 2013-07-31 04840084 uk-gaap:NetGoodwill 2014-07-31 04840084 uk-gaap:NetGoodwill 2013-08-01 2014-07-31 04840084 uk-gaap:OtherIntangibleFixedAssets 2013-08-01 2014-07-31 04840084 uk-gaap:IntangibleAssetsOtherThanGoodwill 2013-07-31 04840084 uk-gaap:IntangibleAssetsOtherThanGoodwill 2014-07-31 04840084 uk-gaap:IntangibleAssetsOtherThanGoodwill 2013-08-01 2014-07-31 04840084 uk-gaap:DevelopmentCosts 2013-07-31 04840084 uk-gaap:DevelopmentCosts 2014-07-31 04840084 uk-gaap:DevelopmentCosts 2013-08-01 2014-07-31 04840084 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2013-07-31 04840084 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2013-08-01 2014-07-31 04840084 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2014-07-31 04840084 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2013-08-01 2014-07-31 04840084 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2013-07-31 04840084 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2014-07-31 04840084 uk-gaap:PlantMachinery 2013-08-01 2014-07-31 04840084 uk-gaap:PlantMachinery 2013-07-31 04840084 uk-gaap:PlantMachinery 2014-07-31 04840084 uk-gaap:Vehicles 2013-08-01 2014-07-31 04840084 uk-gaap:Vehicles 2013-07-31 04840084 uk-gaap:Vehicles 2014-07-31 04840084 uk-gaap:FixturesFittings 2013-08-01 2014-07-31 04840084 uk-gaap:FixturesFittings 2013-07-31 04840084 uk-gaap:FixturesFittings 2014-07-31 04840084 uk-gaap:ComputerEquipment 2013-08-01 2014-07-31 04840084 uk-gaap:ComputerEquipment 2013-07-31 04840084 uk-gaap:ComputerEquipment 2014-07-31 04840084 uk-gaap:SharesListedFixedAssetInvestments 2013-07-31 04840084 uk-gaap:SharesListedFixedAssetInvestments 2013-08-01 2014-07-31 04840084 uk-gaap:SharesListedFixedAssetInvestments 2014-07-31 04840084 uk-gaap:SharesUnlistedFixedAssetInvestments 2013-07-31 04840084 uk-gaap:SharesUnlistedFixedAssetInvestments 2013-08-01 2014-07-31 04840084 uk-gaap:SharesUnlistedFixedAssetInvestments 2014-07-31 04840084 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2013-07-31 04840084 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2013-08-01 2014-07-31 04840084 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2014-07-31 04840084 uk-gaap:ProvisionsForBadDebts 2013-07-31 04840084 uk-gaap:ProvisionsForBadDebts 2013-08-01 2014-07-31 04840084 uk-gaap:ProvisionsForBadDebts 2014-07-31 04840084 uk-gaap:ProvisionsForDeferredTaxation 2013-07-31 04840084 uk-gaap:ProvisionsForDeferredTaxation 2013-08-01 2014-07-31 04840084 uk-gaap:ProvisionsForDeferredTaxation 2014-07-31 04840084 uk-gaap:OtherProvisions 2013-07-31 04840084 uk-gaap:OtherProvisions 2013-08-01 2014-07-31 04840084 uk-gaap:OtherProvisions 2014-07-31 04840084 uk-gaap:WithinOneYear 2013-07-31 04840084 uk-gaap:WithinOneYear 2013-08-01 2014-07-31 04840084 uk-gaap:WithinOneYear 2014-07-31 04840084 uk-gaap:AfterOneYear 2013-07-31 04840084 uk-gaap:AfterOneYear 2013-08-01 2014-07-31 04840084 uk-gaap:AfterOneYear 2014-07-31 04840084 uk-bus:AllOrdinaryShares 2014-07-31 04840084 uk-bus:AllOrdinaryShares 2013-07-31 04840084 uk-bus:OrdinaryShareClass1 2014-07-31 04840084 uk-bus:OrdinaryShareClass2 2014-07-31 04840084 uk-bus:OrdinaryShareClass3 2014-07-31 04840084 uk-bus:OrdinaryShareClass4 2014-07-31 04840084 uk-bus:OrdinaryShareClass5 2014-07-31 04840084 uk-bus:OrdinaryShareClass1 2013-08-01 2014-07-31 04840084 uk-bus:OrdinaryShareClass2 2013-08-01 2014-07-31 04840084 uk-bus:OrdinaryShareClass3 2013-08-01 2014-07-31 04840084 uk-bus:OrdinaryShareClass4 2013-08-01 2014-07-31 04840084 uk-bus:OrdinaryShareClass5 2013-08-01 2014-07-31 04840084 uk-bus:PreferenceShareClass1 2014-07-31 04840084 uk-bus:PreferenceShareClass2 2014-07-31 04840084 uk-bus:PreferenceShareClass3 2014-07-31 04840084 uk-bus:PreferenceShareClass4 2014-07-31 04840084 uk-bus:PreferenceShareClass5 2014-07-31 04840084 uk-bus:PreferenceShareClass1 2013-08-01 2014-07-31 04840084 uk-bus:PreferenceShareClass2 2013-08-01 2014-07-31 04840084 uk-bus:PreferenceShareClass3 2013-08-01 2014-07-31 04840084 uk-bus:PreferenceShareClass4 2013-08-01 2014-07-31 04840084 uk-bus:PreferenceShareClass5 2013-08-01 2014-07-31 04840084 uk-bus:CompanySecretary 2013-08-01 2014-07-31 04840084 uk-bus:RegisteredOffice 2013-08-01 2014-07-31 04840084 uk-bus:EntityAccountantsOrAuditors 2013-08-01 2014-07-31 04840084 uk-bus:EntityAccountantsOrAuditors 2014-07-31 04840084 uk-bus:MainBusiness 2013-08-01 2014-07-31 04840084 uk-bus:EntityBankers 2013-08-01 2014-07-31 04840084 uk-bus:EntityLawyersOrLegalAdvisers 2013-08-01 2014-07-31 04840084 uk-gaap:BeforeAnyAdjustmentsForAmortisationImpairment uk-gaap:BeforeAnyAdjustmentsForExceptionalItems 2013-08-01 2014-07-31 04840084 uk-bus:HighestPaidDirector 2013-08-01 2014-07-31 04840084 uk-bus:HighestPaidDirector 2014-07-31 04840084 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2013-08-01 2014-07-31 04840084 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2013-08-01 2014-07-31 04840084 uk-bus:AllOrdinaryShares uk-gaap:DividendsProposed 2013-08-01 2014-07-31 04840084 uk-bus:AllEntityOfficers 2013-08-01 2014-07-31 04840084 uk-gaap:InvestmentProperties 2013-07-31 04840084 uk-gaap:InvestmentProperties 2013-08-01 2014-07-31 04840084 uk-gaap:InvestmentProperties 2014-07-31 04840084 uk-gaap:IntellectualProperty 2013-08-01 2014-07-31 04840084 uk-gaap:IntellectualProperty 2013-07-31 04840084 uk-gaap:IntellectualProperty 2014-07-31 04840084 uk-countries:UnitedKingdom 2013-08-01 2014-07-31 04840084 uk-countries:Europe 2013-08-01 2014-07-31 04840084 uk-countries:NorthAmerica 2013-08-01 2014-07-31 04840084 uk-countries:SouthAmerica 2013-08-01 2014-07-31 04840084 uk-countries:Asia 2013-08-01 2014-07-31 04840084 uk-countries:RestWorldOutsideUK 2013-08-01 2014-07-31 04840084 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2013-08-01 2014-07-31 04840084 uk-gaap:LeasedTangibleFixedAssets 2013-08-01 2014-07-31 04840084 uk-gaap:AllSubsidiaries 2013-08-01 2014-07-31 04840084 uk-gaap:AllAssociates 2013-08-01 2014-07-31 04840084 dpl-gaap:CostSales 2013-07-31 04840084 dpl-gaap:CostSales 2014-07-31 04840084 dpl-gaap:CostSales 2013-08-01 2014-07-31 04840084 dpl-gaap:DistributionCosts 2013-08-01 2014-07-31 04840084 dpl-gaap:AdministrativeExpenses 2013-08-01 2014-07-31 04840084 uk-bus:Director1 2013-08-01 2014-07-31 04840084 uk-bus:Director2 2013-08-01 2014-07-31 04840084 2012-07-31 04840084 2013-07-31 04840084 2012-08-01 2013-07-31 04840084 uk-gaap:RestatedAmount 2012-07-31 04840084 uk-gaap:RestatedAmount 2013-07-31 04840084 uk-gaap:NetGoodwill 2012-07-31 04840084 uk-gaap:NetGoodwill 2013-07-31 04840084 uk-gaap:NetGoodwill 2012-08-01 2013-07-31 04840084 uk-gaap:OtherIntangibleFixedAssets 2012-08-01 2013-07-31 04840084 uk-gaap:IntangibleAssetsOtherThanGoodwill 2012-07-31 04840084 uk-gaap:IntangibleAssetsOtherThanGoodwill 2013-07-31 04840084 uk-gaap:IntangibleAssetsOtherThanGoodwill 2012-08-01 2013-07-31 04840084 uk-gaap:DevelopmentCosts 2012-07-31 04840084 uk-gaap:DevelopmentCosts 2013-07-31 04840084 uk-gaap:DevelopmentCosts 2012-08-01 2013-07-31 04840084 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2012-07-31 04840084 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2012-08-01 2013-07-31 04840084 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2013-07-31 04840084 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2012-08-01 2013-07-31 04840084 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2012-07-31 04840084 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2013-07-31 04840084 uk-gaap:PlantMachinery 2012-08-01 2013-07-31 04840084 uk-gaap:PlantMachinery 2012-07-31 04840084 uk-gaap:PlantMachinery 2013-07-31 04840084 uk-gaap:Vehicles 2012-08-01 2013-07-31 04840084 uk-gaap:Vehicles 2012-07-31 04840084 uk-gaap:Vehicles 2013-07-31 04840084 uk-gaap:FixturesFittings 2012-08-01 2013-07-31 04840084 uk-gaap:FixturesFittings 2012-07-31 04840084 uk-gaap:FixturesFittings 2013-07-31 04840084 uk-gaap:ComputerEquipment 2012-08-01 2013-07-31 04840084 uk-gaap:ComputerEquipment 2012-07-31 04840084 uk-gaap:ComputerEquipment 2013-07-31 04840084 uk-gaap:SharesListedFixedAssetInvestments 2012-07-31 04840084 uk-gaap:SharesListedFixedAssetInvestments 2012-08-01 2013-07-31 04840084 uk-gaap:SharesListedFixedAssetInvestments 2013-07-31 04840084 uk-gaap:SharesUnlistedFixedAssetInvestments 2012-07-31 04840084 uk-gaap:SharesUnlistedFixedAssetInvestments 2012-08-01 2013-07-31 04840084 uk-gaap:SharesUnlistedFixedAssetInvestments 2013-07-31 04840084 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2012-07-31 04840084 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2012-08-01 2013-07-31 04840084 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2013-07-31 04840084 uk-gaap:ProvisionsForBadDebts 2012-07-31 04840084 uk-gaap:ProvisionsForBadDebts 2012-08-01 2013-07-31 04840084 uk-gaap:ProvisionsForBadDebts 2013-07-31 04840084 uk-gaap:ProvisionsForDeferredTaxation 2012-07-31 04840084 uk-gaap:ProvisionsForDeferredTaxation 2012-08-01 2013-07-31 04840084 uk-gaap:ProvisionsForDeferredTaxation 2013-07-31 04840084 uk-gaap:OtherProvisions 2012-07-31 04840084 uk-gaap:OtherProvisions 2012-08-01 2013-07-31 04840084 uk-gaap:OtherProvisions 2013-07-31 04840084 uk-gaap:WithinOneYear 2012-07-31 04840084 uk-gaap:WithinOneYear 2012-08-01 2013-07-31 04840084 uk-gaap:WithinOneYear 2013-07-31 04840084 uk-gaap:AfterOneYear 2012-07-31 04840084 uk-gaap:AfterOneYear 2012-08-01 2013-07-31 04840084 uk-gaap:AfterOneYear 2013-07-31 04840084 uk-bus:AllOrdinaryShares 2013-07-31 04840084 uk-bus:AllOrdinaryShares 2012-07-31 04840084 uk-bus:OrdinaryShareClass1 2013-07-31 04840084 uk-bus:OrdinaryShareClass2 2013-07-31 04840084 uk-bus:OrdinaryShareClass3 2013-07-31 04840084 uk-bus:OrdinaryShareClass4 2013-07-31 04840084 uk-bus:OrdinaryShareClass5 2013-07-31 04840084 uk-bus:OrdinaryShareClass1 2012-08-01 2013-07-31 04840084 uk-bus:OrdinaryShareClass2 2012-08-01 2013-07-31 04840084 uk-bus:OrdinaryShareClass3 2012-08-01 2013-07-31 04840084 uk-bus:OrdinaryShareClass4 2012-08-01 2013-07-31 04840084 uk-bus:OrdinaryShareClass5 2012-08-01 2013-07-31 04840084 uk-bus:PreferenceShareClass1 2013-07-31 04840084 uk-bus:PreferenceShareClass2 2013-07-31 04840084 uk-bus:PreferenceShareClass3 2013-07-31 04840084 uk-bus:PreferenceShareClass4 2013-07-31 04840084 uk-bus:PreferenceShareClass5 2013-07-31 04840084 uk-bus:PreferenceShareClass1 2012-08-01 2013-07-31 04840084 uk-bus:PreferenceShareClass2 2012-08-01 2013-07-31 04840084 uk-bus:PreferenceShareClass3 2012-08-01 2013-07-31 04840084 uk-bus:PreferenceShareClass4 2012-08-01 2013-07-31 04840084 uk-bus:PreferenceShareClass5 2012-08-01 2013-07-31 04840084 uk-bus:CompanySecretary 2012-08-01 2013-07-31 04840084 uk-bus:RegisteredOffice 2012-08-01 2013-07-31 04840084 uk-bus:EntityAccountantsOrAuditors 2012-08-01 2013-07-31 04840084 uk-bus:EntityAccountantsOrAuditors 2013-07-31 04840084 uk-bus:MainBusiness 2012-08-01 2013-07-31 04840084 uk-bus:EntityBankers 2012-08-01 2013-07-31 04840084 uk-bus:EntityLawyersOrLegalAdvisers 2012-08-01 2013-07-31 04840084 uk-gaap:BeforeAnyAdjustmentsForAmortisationImpairment uk-gaap:BeforeAnyAdjustmentsForExceptionalItems 2012-08-01 2013-07-31 04840084 uk-bus:HighestPaidDirector 2012-08-01 2013-07-31 04840084 uk-bus:HighestPaidDirector 2013-07-31 04840084 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2012-08-01 2013-07-31 04840084 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2012-08-01 2013-07-31 04840084 uk-bus:AllOrdinaryShares uk-gaap:DividendsProposed 2012-08-01 2013-07-31 04840084 uk-bus:AllEntityOfficers 2012-08-01 2013-07-31 04840084 uk-gaap:InvestmentProperties 2012-07-31 04840084 uk-gaap:InvestmentProperties 2012-08-01 2013-07-31 04840084 uk-gaap:InvestmentProperties 2013-07-31 04840084 uk-gaap:IntellectualProperty 2012-08-01 2013-07-31 04840084 uk-gaap:IntellectualProperty 2012-07-31 04840084 uk-gaap:IntellectualProperty 2013-07-31 04840084 uk-countries:UnitedKingdom 2012-08-01 2013-07-31 04840084 uk-countries:Europe 2012-08-01 2013-07-31 04840084 uk-countries:NorthAmerica 2012-08-01 2013-07-31 04840084 uk-countries:SouthAmerica 2012-08-01 2013-07-31 04840084 uk-countries:Asia 2012-08-01 2013-07-31 04840084 uk-countries:RestWorldOutsideUK 2012-08-01 2013-07-31 04840084 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2012-08-01 2013-07-31 04840084 uk-gaap:LeasedTangibleFixedAssets 2012-08-01 2013-07-31 04840084 uk-gaap:AllSubsidiaries 2012-08-01 2013-07-31 04840084 uk-gaap:AllAssociates 2012-08-01 2013-07-31 04840084 dpl-gaap:CostSales 2012-07-31 04840084 dpl-gaap:CostSales 2013-07-31 04840084 dpl-gaap:CostSales 2012-08-01 2013-07-31 04840084 dpl-gaap:DistributionCosts 2012-08-01 2013-07-31 04840084 dpl-gaap:AdministrativeExpenses 2012-08-01 2013-07-31 04840084 uk-bus:Director1 2012-08-01 2013-07-31 04840084 uk-bus:Director2 2012-08-01 2013-07-31
Registered number: 04840084
FURNITURE CONCEPT LTD
Abbreviated accounts
For The Year Ended 31 July 2014
Proaccounts UK

Unit M228, 89 Bickersteth Road
Tooting
LONDON
SW17 9SH
FURNITURE CONCEPT LTD
Company No. 04840084
Abbreviated Balance Sheet 31 July 2014
Abbreviated Balance Sheet
2014 2013
Notes £ £ £ £
FIXED ASSETS
Tangible assets 2 3,018 35,772
3,018 35,772
CURRENT ASSETS
Stocks 731 835
Debtors 50,135 37,094
Cash at bank and in hand 37,635 22,565
88,501 60,494
Creditors: Amounts Falling Due Within One Year (62,235) (60,479)
NET CURRENT ASSETS (LIABILITIES) 26,266 15
TOTAL ASSETS LESS CURRENT LIABILITIES 29,284 35,787
Creditors: Amounts Falling After More Than One Year 3 (5,210) (3,025)
NET ASSETS 24,074 32,762
CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and Loss account 23,974 32,662
SHAREHOLDERS' FUNDS 24,074 32,762
Page 1
FURNITURE CONCEPT LTD
Company No. 04840084
Abbreviated Balance Sheet (continued) 31 July 2014
For the year ending 31 July 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).
On behalf of the board
Mr M SUSZYNSKI
24/04/2015
Page 2
FURNITURE CONCEPT LTD
Notes to the Abbreviated Accounts
For The Year Ended 31 July 2014
Notes to the Abbreviated Accounts
Accounting Policies
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold Nil
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Tangible Assets
Total
Cost £
As at 1 August 2013 54,384
Disposals (32,000)
As at 31 July 2014 22,384
Depreciation
As at 1 August 2013 18,612
Provided during the period 754
As at 31 July 2014 19,366
Net Book Value
As at 31 July 2014 3,018
As at 1 August 2013 35,772
Page 3
FURNITURE CONCEPT LTD
Notes to the Abbreviated Accounts (continued)
For The Year Ended 31 July 2014
Creditors: Amounts Falling After More Than One Year
2014 2013
£ £
Net obligations under finance lease and hire purchase contracts 5,210 3,025
Share Capital
Value Number 2014 2013
Allotted, called up and fully paid: £ £ £
Ordinary shares 1.000 100 100 100
Page 4