THE FURNITURE PRACTICE LIMITED

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

Consolidated group

Auditor

Brebners, Chartered Accountants & Statutory Auditor

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Given the significant working capital that the group has available and the ongoing actions being taken to safeguard these resources, the group is well placed to continue operating for a minimum of 12 months from the date of approval of the financial statements. After making enquiries, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. THE FURNITURE PRACTICE LIMITED · parent
   1. TFP 2020 Limited 100% · UK · investment holding company
   2. The Furniture Practice (ME & APAC) Limited 100% · UK · investment holding company
   3. The Furniture Practice LLC 100% · United States of America · supply of office furniture
   4. The Furniture Practice B.V. 100% · The Netherlands · supply of office furniture
   5. Furnprac Furniture Consultants Private Limited 100% · India · office furniture consultancy services

Significant events

• “The Furniture Practice has progressed its long-term commitment to international growth this year with the further development of our presence and focus on the EU, APAC and US to allow us to offer a global consultancy offering to our international clients.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  +9.9%

  £63,793,139 → £70,118,229

• Cash

  +12.9%

  £8,590,826 → £9,702,908

• Net assets

  +27.1%

  £5,722,582 → £7,274,907

• Employees

  +1.9%

  104 → 106

• Operating profit

  +54.7%

  £2,791,125 → £4,318,680

• Profit before tax

  +56.9%

  £2,821,183 → £4,425,780

• Wages

  -30%

  £7,343,792 → £5,141,712

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