REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 AUGUST 2016 |
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FOR |
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THE FURNITURE MARKET.CO.UK LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 AUGUST 2016 |
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FOR |
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THE FURNITURE MARKET.CO.UK LIMITED |
THE FURNITURE MARKET.CO.UK LIMITED (REGISTERED NUMBER: 06491540) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 AUGUST 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
THE FURNITURE MARKET.CO.UK LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 AUGUST 2016 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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THE FURNITURE MARKET.CO.UK LIMITED (REGISTERED NUMBER: 06491540) |
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ABBREVIATED BALANCE SHEET |
31 AUGUST 2016 |
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31/8/16 | 31/8/15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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 FURNITURE MARKET.CO.UK LIMITED (REGISTERED NUMBER: 06491540) |
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ABBREVIATED BALANCE SHEET - continued |
31 AUGUST 2016 |
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The financial statements were approved by the director on
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THE FURNITURE MARKET.CO.UK LIMITED (REGISTERED NUMBER: 06491540) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 AUGUST 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance |
with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Intangible fixed assets |
Website costs being £132,507 are being amortised evenly over ten years, being estimated useful life. |
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Tangible fixed assets |
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Equipment | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis |
over the period of the lease. |
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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 the profit and loss account in the period to which they |
relate. |
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Employer financed retirement benefit scheme |
In prior periods the Company established two employer financed retirement benefit schemes for the |
benefit of its officers, employees and their wider families, The Furniture Market.co.uk Limited 2011 |
Employer Financed Retirement Benefit Scheme and The Furniture Market.co.uk Limited 2013 |
Employer Financed Retirement Benefit Scheme ("The Schemes"). |
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In accordance with UITF abstract 32 "Employee Benefit Trusts and other intermediate payment |
arrangements" the Company does not include the assets and liabilities of The Schemes on its balance |
sheet to the extent that it considers that it will not retain any economic benefit from the assets of The |
Schemes and will not have control of the rights or other access to those present economic benefits. |
THE FURNITURE MARKET.CO.UK LIMITED (REGISTERED NUMBER: 06491540) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2016 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 September 2015 |
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Additions |
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At 31 August 2016 |
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AMORTISATION |
At 1 September 2015 |
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Amortisation for year |
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At 31 August 2016 |
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NET BOOK VALUE |
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At 31 August 2016 |
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At 31 August 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 September 2015 |
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Additions |
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At 31 August 2016 |
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DEPRECIATION |
At 1 September 2015 |
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Charge for year |
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At 31 August 2016 |
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NET BOOK VALUE |
At 31 August 2016 |
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At 31 August 2015 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/8/16 | 31/8/15 |
value: | £ | £ |
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Ordinary | 1 |
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THE FURNITURE MARKET.CO.UK LIMITED (REGISTERED NUMBER: 06491540) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2016 |
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5. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 August 2016 |
and 31 August 2015: |
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31/8/16 | 31/8/15 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts repaid | ( |
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Balance outstanding at end of year | ( |
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6. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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