H.MEARS(FURNISHERS)LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Foster & Co Ltd

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. H.MEARS(FURNISHERS)LIMITED · parent
   1. Thomas Mears Limited 1% · England · non-trading

Significant events

• “The current economic climate continues to be challenging given the difficulties in finding labour, the energy crisis and inflation. However, the directors consider that the company will successfully meet these challenges through sound financial management and as such do not propose any significant changes to operations in the foreseeable future.”
• “The directors aim to maintain the management policies which have resulted in the Company's continued success. They consider that the next year will continue to be a period of consolidation in turnover and profitability as the economy starts to recover from the predicted recession but there is likely to be a return to growth.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

18

last 12 months

Capital events

2

last 24 months

Officers appointed

2

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +3.1%

  £13,712,110 → £14,136,000

• Cash

  -1.4%

  £2,512,398 → £2,476,384

• Net assets

  +3.3%

  £5,843,294 → £6,034,731

• Employees

  0%

  36 → 36

• Operating profit

  +4.2%

  £2,906,557 → £3,029,784

• Profit before tax

  +6.7%

  £2,922,792 → £3,119,985

• Wages

  +7%

  £1,989,142 → £2,127,430

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers