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REGISTERED NUMBER: 08527001 (England and Wales)

















Unaudited Financial Statements

For The Year Ended 31 May 2023

for

The Concrete Flooring Contractors Ltd

The Concrete Flooring Contractors Ltd (Registered number: 08527001)

Contents of the Financial Statements
For The Year Ended 31 May 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Concrete Flooring Contractors Ltd

Company Information
For The Year Ended 31 May 2023







DIRECTORS: P Rogers
L Rogers
D Beesley





REGISTERED OFFICE: 10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET





REGISTERED NUMBER: 08527001 (England and Wales)





ACCOUNTANTS: Giess Wallis Crisp LLP
10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET

The Concrete Flooring Contractors Ltd (Registered number: 08527001)

Statement of Financial Position
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 158,454 198,479

CURRENT ASSETS
Stocks 3,000 2,500
Debtors 5 95,095 120,772
Cash at bank 127,038 167,232
225,133 290,504
CREDITORS
Amounts falling due within one year 6 166,779 231,108
NET CURRENT ASSETS 58,354 59,396
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,808

257,875

CREDITORS
Amounts falling due after more than one
year

7

(85,275

)

(130,953

)

PROVISIONS FOR LIABILITIES 9 (39,614 ) (31,986 )
NET ASSETS 91,919 94,936

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 91,917 94,934
SHAREHOLDERS' FUNDS 91,919 94,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 Concrete Flooring Contractors Ltd (Registered number: 08527001)

Statement of Financial Position - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2023 and were signed on its behalf by:




P Rogers - Director



L Rogers - Director


The Concrete Flooring Contractors Ltd (Registered number: 08527001)

Notes to the Financial Statements
For The Year Ended 31 May 2023


1. STATUTORY INFORMATION

The Concrete Flooring Contractors Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - Straight line over 5 years
Improvements to property - 15% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

The Concrete Flooring Contractors Ltd (Registered number: 08527001)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Government grants
Grants relating to revenue shall be recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 15 ) .

The Concrete Flooring Contractors Ltd (Registered number: 08527001)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023


4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 June 2022 18,396 796 184,813
Additions - - -
At 31 May 2023 18,396 796 184,813
DEPRECIATION
At 1 June 2022 16,148 443 99,000
Charge for year 1,124 53 17,163
At 31 May 2023 17,272 496 116,163
NET BOOK VALUE
At 31 May 2023 1,124 300 68,650
At 31 May 2022 2,248 353 85,813

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022 17,333 175,662 7,564 404,564
Additions - - 586 586
At 31 May 2023 17,333 175,662 8,150 405,150
DEPRECIATION
At 1 June 2022 11,100 74,023 5,371 206,085
Charge for year 1,247 20,329 695 40,611
At 31 May 2023 12,347 94,352 6,066 246,696
NET BOOK VALUE
At 31 May 2023 4,986 81,310 2,084 158,454
At 31 May 2022 6,233 101,639 2,193 198,479

The Concrete Flooring Contractors Ltd (Registered number: 08527001)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 75,000 101,640 176,640
DEPRECIATION
At 1 June 2022 36,600 43,374 79,974
Charge for year 7,680 11,654 19,334
At 31 May 2023 44,280 55,028 99,308
NET BOOK VALUE
At 31 May 2023 30,720 46,612 77,332
At 31 May 2022 38,400 58,266 96,666

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 86,591 99,374
Other debtors 8,504 21,398
95,095 120,772

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 27,000 27,000
Hire purchase contracts 18,051 33,189
Trade creditors 48,343 100,431
Taxation and social security 65,937 64,936
Other creditors 7,448 5,552
166,779 231,108

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 55,473 83,369
Hire purchase contracts 29,802 47,584
85,275 130,953

The Concrete Flooring Contractors Ltd (Registered number: 08527001)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 82,473 110,369
Hire purchase contracts 47,853 80,773
130,326 191,142

The bank loans are secured on a floating charge.

The hire purchase liabilities are secured against the assets concerned.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 39,614 31,986

Deferred
tax
£   
Balance at 1 June 2022 31,986
Provided during year 7,628
Balance at 31 May 2023 39,614

10. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1
1 Ordinary A £1 1 1
2 2