Registered Number 05738124

THE SOFA & CHAIR CO. LIMITED

Abbreviated Accounts

31 March 2013

THE SOFA & CHAIR CO. LIMITED Registered Number 05738124

Abbreviated Balance Sheet as at 31 March 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 239,843 117,513
239,843 117,513
Current assets
Stocks 1,297,637 612,707
Debtors 1,339,066 530,950
Cash at bank and in hand 736,908 710,181
3,373,611 1,853,838
Creditors: amounts falling due within one year (2,368,260) (1,231,998)
Net current assets (liabilities) 1,005,351 621,840
Total assets less current liabilities 1,245,194 739,353
Creditors: amounts falling due after more than one year (21,125) (21,125)
Provisions for liabilities (515,120) (356,190)
Total net assets (liabilities) 708,949 362,038
Capital and reserves
Called up share capital 1 1
Profit and loss account 708,948 362,037
Shareholders' funds 708,949 362,038
  • For the year ending 31 March 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • 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 accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 March 2014

And signed on their behalf by:
K Ahmed, Director

THE SOFA & CHAIR CO. LIMITED Registered Number 05738124

Notes to the Abbreviated Accounts for the period ended 31 March 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Tangible fixed assets
£
Cost
At 1 April 2012 404,785
Additions 202,196
Disposals (204,983)
Revaluations -
Transfers -
At 31 March 2013 401,998
Depreciation
At 1 April 2012 287,272
Charge for the year 72,661
On disposals (197,778)
At 31 March 2013 162,155
Net book values
At 31 March 2013 239,843
At 31 March 2012 117,513