FURNITURE CONCEPT LTD

FURNITURE CONCEPT LTD - Company Information

true true 1 August 2015 31 July 2016 31 July 2016 true false 04840084 true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04840084 2015-07-31 04840084 2016-07-31 04840084 2015-08-01 2016-07-31 04840084 uk-gaap:RestatedAmount 2015-07-31 04840084 uk-gaap:RestatedAmount 2016-07-31 04840084 uk-gaap:NetGoodwill 2015-07-31 04840084 uk-gaap:NetGoodwill 2016-07-31 04840084 uk-gaap:NetGoodwill 2015-08-01 2016-07-31 04840084 uk-gaap:OtherIntangibleFixedAssets 2015-08-01 2016-07-31 04840084 uk-gaap:IntangibleAssetsOtherThanGoodwill 2015-07-31 04840084 uk-gaap:IntangibleAssetsOtherThanGoodwill 2016-07-31 04840084 uk-gaap:IntangibleAssetsOtherThanGoodwill 2015-08-01 2016-07-31 04840084 uk-gaap:DevelopmentCosts 2015-07-31 04840084 uk-gaap:DevelopmentCosts 2016-07-31 04840084 uk-gaap:DevelopmentCosts 2015-08-01 2016-07-31 04840084 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2015-07-31 04840084 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2015-08-01 2016-07-31 04840084 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2016-07-31 04840084 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2015-08-01 2016-07-31 04840084 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2015-07-31 04840084 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2016-07-31 04840084 uk-gaap:PlantMachinery 2015-08-01 2016-07-31 04840084 uk-gaap:PlantMachinery 2015-07-31 04840084 uk-gaap:PlantMachinery 2016-07-31 04840084 uk-gaap:Vehicles 2015-08-01 2016-07-31 04840084 uk-gaap:Vehicles 2015-07-31 04840084 uk-gaap:Vehicles 2016-07-31 04840084 uk-gaap:FixturesFittings 2015-08-01 2016-07-31 04840084 uk-gaap:FixturesFittings 2015-07-31 04840084 uk-gaap:FixturesFittings 2016-07-31 04840084 uk-gaap:ComputerEquipment 2015-08-01 2016-07-31 04840084 uk-gaap:ComputerEquipment 2015-07-31 04840084 uk-gaap:ComputerEquipment 2016-07-31 04840084 uk-gaap:SharesListedFixedAssetInvestments 2015-07-31 04840084 uk-gaap:SharesListedFixedAssetInvestments 2015-08-01 2016-07-31 04840084 uk-gaap:SharesListedFixedAssetInvestments 2016-07-31 04840084 uk-gaap:SharesUnlistedFixedAssetInvestments 2015-07-31 04840084 uk-gaap:SharesUnlistedFixedAssetInvestments 2015-08-01 2016-07-31 04840084 uk-gaap:SharesUnlistedFixedAssetInvestments 2016-07-31 04840084 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2015-07-31 04840084 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2015-08-01 2016-07-31 04840084 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2016-07-31 04840084 uk-gaap:ProvisionsForBadDebts 2015-07-31 04840084 uk-gaap:ProvisionsForBadDebts 2015-08-01 2016-07-31 04840084 uk-gaap:ProvisionsForBadDebts 2016-07-31 04840084 uk-gaap:ProvisionsForDeferredTaxation 2015-07-31 04840084 uk-gaap:ProvisionsForDeferredTaxation 2015-08-01 2016-07-31 04840084 uk-gaap:ProvisionsForDeferredTaxation 2016-07-31 04840084 uk-gaap:OtherProvisions 2015-07-31 04840084 uk-gaap:OtherProvisions 2015-08-01 2016-07-31 04840084 uk-gaap:OtherProvisions 2016-07-31 04840084 uk-gaap:WithinOneYear 2015-07-31 04840084 uk-gaap:WithinOneYear 2015-08-01 2016-07-31 04840084 uk-gaap:WithinOneYear 2016-07-31 04840084 uk-gaap:AfterOneYear 2015-07-31 04840084 uk-gaap:AfterOneYear 2015-08-01 2016-07-31 04840084 uk-gaap:AfterOneYear 2016-07-31 04840084 uk-bus:AllOrdinaryShares 2016-07-31 04840084 uk-bus:AllOrdinaryShares 2015-07-31 04840084 uk-bus:OrdinaryShareClass1 2016-07-31 04840084 uk-bus:OrdinaryShareClass2 2016-07-31 04840084 uk-bus:OrdinaryShareClass3 2016-07-31 04840084 uk-bus:OrdinaryShareClass4 2016-07-31 04840084 uk-bus:OrdinaryShareClass5 2016-07-31 04840084 uk-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 04840084 uk-bus:OrdinaryShareClass2 2015-08-01 2016-07-31 04840084 uk-bus:OrdinaryShareClass3 2015-08-01 2016-07-31 04840084 uk-bus:OrdinaryShareClass4 2015-08-01 2016-07-31 04840084 uk-bus:OrdinaryShareClass5 2015-08-01 2016-07-31 04840084 uk-bus:PreferenceShareClass1 2016-07-31 04840084 uk-bus:PreferenceShareClass2 2016-07-31 04840084 uk-bus:PreferenceShareClass3 2016-07-31 04840084 uk-bus:PreferenceShareClass4 2016-07-31 04840084 uk-bus:PreferenceShareClass5 2016-07-31 04840084 uk-bus:PreferenceShareClass1 2015-08-01 2016-07-31 04840084 uk-bus:PreferenceShareClass2 2015-08-01 2016-07-31 04840084 uk-bus:PreferenceShareClass3 2015-08-01 2016-07-31 04840084 uk-bus:PreferenceShareClass4 2015-08-01 2016-07-31 04840084 uk-bus:PreferenceShareClass5 2015-08-01 2016-07-31 04840084 uk-bus:CompanySecretary 2015-08-01 2016-07-31 04840084 uk-bus:RegisteredOffice 2015-08-01 2016-07-31 04840084 uk-bus:EntityAccountantsOrAuditors 2015-08-01 2016-07-31 04840084 uk-bus:EntityAccountantsOrAuditors 2016-07-31 04840084 uk-bus:MainBusiness 2015-08-01 2016-07-31 04840084 uk-bus:EntityBankers 2015-08-01 2016-07-31 04840084 uk-bus:EntityLawyersOrLegalAdvisers 2015-08-01 2016-07-31 04840084 uk-gaap:BeforeAnyAdjustmentsForAmortisationImpairment uk-gaap:BeforeAnyAdjustmentsForExceptionalItems 2015-08-01 2016-07-31 04840084 uk-bus:HighestPaidDirector 2015-08-01 2016-07-31 04840084 uk-bus:HighestPaidDirector 2016-07-31 04840084 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2015-08-01 2016-07-31 04840084 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2015-08-01 2016-07-31 04840084 uk-bus:AllOrdinaryShares uk-gaap:DividendsProposed 2015-08-01 2016-07-31 04840084 uk-bus:AllEntityOfficers 2015-08-01 2016-07-31 04840084 uk-gaap:InvestmentProperties 2015-07-31 04840084 uk-gaap:InvestmentProperties 2015-08-01 2016-07-31 04840084 uk-gaap:InvestmentProperties 2016-07-31 04840084 uk-gaap:IntellectualProperty 2015-08-01 2016-07-31 04840084 uk-gaap:IntellectualProperty 2015-07-31 04840084 uk-gaap:IntellectualProperty 2016-07-31 04840084 uk-countries:UnitedKingdom 2015-08-01 2016-07-31 04840084 uk-countries:Europe 2015-08-01 2016-07-31 04840084 uk-countries:NorthAmerica 2015-08-01 2016-07-31 04840084 uk-countries:SouthAmerica 2015-08-01 2016-07-31 04840084 uk-countries:Asia 2015-08-01 2016-07-31 04840084 uk-countries:RestWorldOutsideUK 2015-08-01 2016-07-31 04840084 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2015-08-01 2016-07-31 04840084 uk-gaap:LeasedTangibleFixedAssets 2015-08-01 2016-07-31 04840084 uk-gaap:AllSubsidiaries 2015-08-01 2016-07-31 04840084 uk-gaap:AllAssociates 2015-08-01 2016-07-31 04840084 dpl-gaap:CostSales 2015-07-31 04840084 dpl-gaap:CostSales 2016-07-31 04840084 dpl-gaap:CostSales 2015-08-01 2016-07-31 04840084 dpl-gaap:DistributionCosts 2015-08-01 2016-07-31 04840084 dpl-gaap:AdministrativeExpenses 2015-08-01 2016-07-31 04840084 uk-bus:Director1 2015-08-01 2016-07-31 04840084 uk-bus:Director1 2016-07-31 04840084 2014-07-31 04840084 2015-07-31 04840084 2014-08-01 2015-07-31 04840084 uk-gaap:RestatedAmount 2014-07-31 04840084 uk-gaap:RestatedAmount 2015-07-31 04840084 uk-gaap:NetGoodwill 2014-07-31 04840084 uk-gaap:NetGoodwill 2015-07-31 04840084 uk-gaap:NetGoodwill 2014-08-01 2015-07-31 04840084 uk-gaap:OtherIntangibleFixedAssets 2014-08-01 2015-07-31 04840084 uk-gaap:IntangibleAssetsOtherThanGoodwill 2014-07-31 04840084 uk-gaap:IntangibleAssetsOtherThanGoodwill 2015-07-31 04840084 uk-gaap:IntangibleAssetsOtherThanGoodwill 2014-08-01 2015-07-31 04840084 uk-gaap:DevelopmentCosts 2014-07-31 04840084 uk-gaap:DevelopmentCosts 2015-07-31 04840084 uk-gaap:DevelopmentCosts 2014-08-01 2015-07-31 04840084 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2014-07-31 04840084 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2014-08-01 2015-07-31 04840084 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2015-07-31 04840084 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2014-08-01 2015-07-31 04840084 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2014-07-31 04840084 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2015-07-31 04840084 uk-gaap:PlantMachinery 2014-08-01 2015-07-31 04840084 uk-gaap:PlantMachinery 2014-07-31 04840084 uk-gaap:PlantMachinery 2015-07-31 04840084 uk-gaap:Vehicles 2014-08-01 2015-07-31 04840084 uk-gaap:Vehicles 2014-07-31 04840084 uk-gaap:Vehicles 2015-07-31 04840084 uk-gaap:FixturesFittings 2014-08-01 2015-07-31 04840084 uk-gaap:FixturesFittings 2014-07-31 04840084 uk-gaap:FixturesFittings 2015-07-31 04840084 uk-gaap:ComputerEquipment 2014-08-01 2015-07-31 04840084 uk-gaap:ComputerEquipment 2014-07-31 04840084 uk-gaap:ComputerEquipment 2015-07-31 04840084 uk-gaap:SharesListedFixedAssetInvestments 2014-07-31 04840084 uk-gaap:SharesListedFixedAssetInvestments 2014-08-01 2015-07-31 04840084 uk-gaap:SharesListedFixedAssetInvestments 2015-07-31 04840084 uk-gaap:SharesUnlistedFixedAssetInvestments 2014-07-31 04840084 uk-gaap:SharesUnlistedFixedAssetInvestments 2014-08-01 2015-07-31 04840084 uk-gaap:SharesUnlistedFixedAssetInvestments 2015-07-31 04840084 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2014-07-31 04840084 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2014-08-01 2015-07-31 04840084 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2015-07-31 04840084 uk-gaap:ProvisionsForBadDebts 2014-07-31 04840084 uk-gaap:ProvisionsForBadDebts 2014-08-01 2015-07-31 04840084 uk-gaap:ProvisionsForBadDebts 2015-07-31 04840084 uk-gaap:ProvisionsForDeferredTaxation 2014-07-31 04840084 uk-gaap:ProvisionsForDeferredTaxation 2014-08-01 2015-07-31 04840084 uk-gaap:ProvisionsForDeferredTaxation 2015-07-31 04840084 uk-gaap:OtherProvisions 2014-07-31 04840084 uk-gaap:OtherProvisions 2014-08-01 2015-07-31 04840084 uk-gaap:OtherProvisions 2015-07-31 04840084 uk-gaap:WithinOneYear 2014-07-31 04840084 uk-gaap:WithinOneYear 2014-08-01 2015-07-31 04840084 uk-gaap:WithinOneYear 2015-07-31 04840084 uk-gaap:AfterOneYear 2014-07-31 04840084 uk-gaap:AfterOneYear 2014-08-01 2015-07-31 04840084 uk-gaap:AfterOneYear 2015-07-31 04840084 uk-bus:AllOrdinaryShares 2015-07-31 04840084 uk-bus:AllOrdinaryShares 2014-07-31 04840084 uk-bus:OrdinaryShareClass1 2015-07-31 04840084 uk-bus:OrdinaryShareClass2 2015-07-31 04840084 uk-bus:OrdinaryShareClass3 2015-07-31 04840084 uk-bus:OrdinaryShareClass4 2015-07-31 04840084 uk-bus:OrdinaryShareClass5 2015-07-31 04840084 uk-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 04840084 uk-bus:OrdinaryShareClass2 2014-08-01 2015-07-31 04840084 uk-bus:OrdinaryShareClass3 2014-08-01 2015-07-31 04840084 uk-bus:OrdinaryShareClass4 2014-08-01 2015-07-31 04840084 uk-bus:OrdinaryShareClass5 2014-08-01 2015-07-31 04840084 uk-bus:PreferenceShareClass1 2015-07-31 04840084 uk-bus:PreferenceShareClass2 2015-07-31 04840084 uk-bus:PreferenceShareClass3 2015-07-31 04840084 uk-bus:PreferenceShareClass4 2015-07-31 04840084 uk-bus:PreferenceShareClass5 2015-07-31 04840084 uk-bus:PreferenceShareClass1 2014-08-01 2015-07-31 04840084 uk-bus:PreferenceShareClass2 2014-08-01 2015-07-31 04840084 uk-bus:PreferenceShareClass3 2014-08-01 2015-07-31 04840084 uk-bus:PreferenceShareClass4 2014-08-01 2015-07-31 04840084 uk-bus:PreferenceShareClass5 2014-08-01 2015-07-31 04840084 uk-bus:CompanySecretary 2014-08-01 2015-07-31 04840084 uk-bus:RegisteredOffice 2014-08-01 2015-07-31 04840084 uk-bus:EntityAccountantsOrAuditors 2014-08-01 2015-07-31 04840084 uk-bus:EntityAccountantsOrAuditors 2015-07-31 04840084 uk-bus:MainBusiness 2014-08-01 2015-07-31 04840084 uk-bus:EntityBankers 2014-08-01 2015-07-31 04840084 uk-bus:EntityLawyersOrLegalAdvisers 2014-08-01 2015-07-31 04840084 uk-gaap:BeforeAnyAdjustmentsForAmortisationImpairment uk-gaap:BeforeAnyAdjustmentsForExceptionalItems 2014-08-01 2015-07-31 04840084 uk-bus:HighestPaidDirector 2014-08-01 2015-07-31 04840084 uk-bus:HighestPaidDirector 2015-07-31 04840084 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2014-08-01 2015-07-31 04840084 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2014-08-01 2015-07-31 04840084 uk-bus:AllOrdinaryShares uk-gaap:DividendsProposed 2014-08-01 2015-07-31 04840084 uk-bus:AllEntityOfficers 2014-08-01 2015-07-31 04840084 uk-gaap:InvestmentProperties 2014-07-31 04840084 uk-gaap:InvestmentProperties 2014-08-01 2015-07-31 04840084 uk-gaap:InvestmentProperties 2015-07-31 04840084 uk-gaap:IntellectualProperty 2014-08-01 2015-07-31 04840084 uk-gaap:IntellectualProperty 2014-07-31 04840084 uk-gaap:IntellectualProperty 2015-07-31 04840084 uk-countries:UnitedKingdom 2014-08-01 2015-07-31 04840084 uk-countries:Europe 2014-08-01 2015-07-31 04840084 uk-countries:NorthAmerica 2014-08-01 2015-07-31 04840084 uk-countries:SouthAmerica 2014-08-01 2015-07-31 04840084 uk-countries:Asia 2014-08-01 2015-07-31 04840084 uk-countries:RestWorldOutsideUK 2014-08-01 2015-07-31 04840084 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2014-08-01 2015-07-31 04840084 uk-gaap:LeasedTangibleFixedAssets 2014-08-01 2015-07-31 04840084 uk-gaap:AllSubsidiaries 2014-08-01 2015-07-31 04840084 uk-gaap:AllAssociates 2014-08-01 2015-07-31 04840084 dpl-gaap:CostSales 2014-07-31 04840084 dpl-gaap:CostSales 2015-07-31 04840084 dpl-gaap:CostSales 2014-08-01 2015-07-31 04840084 dpl-gaap:DistributionCosts 2014-08-01 2015-07-31 04840084 dpl-gaap:AdministrativeExpenses 2014-08-01 2015-07-31 04840084 uk-bus:Director1 2014-08-01 2015-07-31 04840084 uk-bus:Director1 2015-07-31

Abbreviated accounts

For The Year Ended 31 July 2016

Proaccounts UK

Unit M228, 89 Bickersteth Road

Tooting

LONDON

SW17 9SH

FURNITURE CONCEPT LTD

Company No. 04840084

Abbreviated Balance Sheet 31 July 2016

Abbreviated Balance Sheet

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	2		15,210		19,012

			15,210		19,012
CURRENT ASSETS
Stocks		1,674		535
Debtors		15,474		41,435
Cash at bank and in hand		57,608		41,410

		74,756		83,380
Creditors: Amounts Falling Due Within One Year		(44,734 )		(62,763 )

NET CURRENT ASSETS (LIABILITIES)			30,022		20,617

TOTAL ASSETS LESS CURRENT LIABILITIES			45,232		39,629

Creditors: Amounts Falling Due After More Than One Year	3		(8,557 )		(12,490 )

NET ASSETS			36,675		27,139

CAPITAL AND RESERVES
Called up share capital	4		100		100
Profit and Loss Account			36,575		27,039

SHAREHOLDERS' FUNDS			36,675		27,139

FURNITURE CONCEPT LTD

Company No. 04840084

Abbreviated Balance Sheet (continued) 31 July 2016

For the year ending 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 2015).

On behalf of the board

Mr M SUSZYNSKI

24/04/2017

Page 1

FURNITURE CONCEPT LTD

Notes to the Abbreviated Accounts

For The Year Ended 31 July 2016

Notes to the Abbreviated Accounts

1. Accounting Policies

1.1. 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 January 2015).

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. 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

1.4. 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.

1.5. 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.

2. Tangible Assets


	Total
Cost	£
As at 1 August 2015	43,132

As at 31 July 2016	43,132

Depreciation
As at 1 August 2015	24,120
Provided during the period	3,802

As at 31 July 2016	27,922

Net Book Value
As at 31 July 2016	15,210

As at 1 August 2015	19,012

Page 2

FURNITURE CONCEPT LTD

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 July 2016

3. Creditors: Amounts Falling Due After More Than One Year

	2016	2015
	£	£
Net obligations under finance lease and hire purchase contracts	8,557	12,490

4. Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	100	100	100

5. Transactions With and Loans to Directors

Dividends paid to directors

6. Ultimate Controlling Party

The company's ultimate controlling party is by virtue of his ownership of 96% of the issued share capital in the company.

Page 3