Furniture Services Limited - Accounts to registrar (filleted) - small 17.3

Furniture Services Limited - Accounts to registrar (filleted) - small 17.3

FURNITURE SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 03869529 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

FURNITURE SERVICES LIMITED
Graham Hunt & Co.
Unit 15 Hockliffe Business Pk.
Watling Street
Hockliffe
Bedfordshire
LU7 9NB








FURNITURE SERVICES LIMITED (REGISTERED NUMBER: 03869529)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

FURNITURE SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2017







DIRECTORS: K J Currington
A Holloway
Mrs S Wicks





SECRETARY:





REGISTERED OFFICE: Unit 15
Hockliffe Business Park
Watling Street
Hockliffe
Bedfordshire
LU7 9NB





REGISTERED NUMBER: 03869529 (England and Wales)





ACCOUNTANTS: Graham Hunt & Co.
Unit 15 Hockliffe Business Pk.
Watling Street
Hockliffe
Bedfordshire
LU7 9NB
Page 1
FURNITURE SERVICES LIMITED (REGISTERED NUMBER: 03869529)

BALANCE SHEET
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,052 27,366

CURRENT ASSETS
Debtors 5 173,997 220,529
Cash at bank and in hand 917 8,834
174,914 229,363
CREDITORS
Amounts falling due within one year 6 163,985 198,230
NET CURRENT ASSETS 10,929 31,133
TOTAL ASSETS LESS CURRENT
LIABILITIES
38,981
58,499

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 38,881 58,399
SHAREHOLDERS' FUNDS 38,981 58,499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 15 December 2017 and were signed on its behalf
by:





K J Currington - Director


The notes form part of these financial statements

Page 2
FURNITURE SERVICES LIMITED (REGISTERED NUMBER: 03869529)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Furniture Services 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 - 30% on reducing balance

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.

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 9 .

Page 3 continued...
FURNITURE SERVICES LIMITED (REGISTERED NUMBER: 03869529)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2017

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2016 62,053
Additions 13,749
Disposals (12,066 )
At 31 March 2017 63,736
DEPRECIATION
At 1 April 2016 34,687
Charge for year 10,501
Eliminated on disposal (9,504 )
At 31 March 2017 35,684
NET BOOK VALUE
At 31 March 2017 28,052
At 31 March 2016 27,366

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade debtors 69,429 98,413
Other debtors 104,568 122,116
173,997 220,529

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Bank loans and overdrafts 30,236 -
Trade creditors 13,020 21,112
Taxation and social security 13,682 12,680
Other creditors 107,047 164,438
163,985 198,230

Page 4 continued...
FURNITURE SERVICES LIMITED (REGISTERED NUMBER: 03869529)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2017

7. RELATED PARTY DISCLOSURES

The following is a summary of the related party transactions with the company during the year:


Director/(Entity)		 Type of
transaction
Value inthe year
Due to/(fromthe
company
)
2016 2015 2016 2015
£    £    £    £   

K J Currington & A J
Holloway -
(Primavera Furniture
(UK) Ltd)
Admin charges 326,700 314,072 63,621 80,128




Page 5
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FURNITURE SERVICES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Furniture Services Limited for the year ended 31 March 2017 which comprise the Income
Statement, Balance Sheet and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Furniture Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Furniture Services Limited and state those matters that we have agreed to state to the Board of Directors of Furniture Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Furniture Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Furniture Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Furniture Services Limited. You consider that Furniture Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Furniture Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Graham Hunt & Co.
Unit 15 Hockliffe Business Pk.
Watling Street
Hockliffe
Bedfordshire
LU7 9NB


19 December 2017

This page does not form part of the statutory financial statements

Page 6