2 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 5,741 5,741 4,610 134 4,744 1,131 xbrli:pure xbrli:shares iso4217:GBP 7519472 2022-04-01 2023-07-31 7519472 2023-07-31 7519472 2022-03-31 7519472 2021-04-01 2022-03-31 7519472 2022-03-31 7519472 bus:OrdinaryShareClass1 2022-04-01 2023-07-31 7519472 bus:OrdinaryShareClass2 2022-04-01 2023-07-31 7519472 bus:Director1 2022-04-01 2023-07-31 7519472 core:WithinOneYear 2023-07-31 7519472 core:WithinOneYear 2022-03-31 7519472 core:ShareCapital 2023-07-31 7519472 core:ShareCapital 2022-03-31 7519472 core:RetainedEarningsAccumulatedLosses 2023-07-31 7519472 core:RetainedEarningsAccumulatedLosses 2022-03-31 7519472 bus:Director1 2022-03-31 7519472 bus:Director1 2023-07-31 7519472 bus:Director1 2021-03-31 7519472 bus:Director1 2022-03-31 7519472 bus:Director1 2021-04-01 2022-03-31 7519472 bus:SmallEntities 2022-04-01 2023-07-31 7519472 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-07-31 7519472 bus:FullAccounts 2022-04-01 2023-07-31 7519472 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-07-31 7519472 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-07-31 7519472 bus:OrdinaryShareClass1 2023-07-31 7519472 bus:OrdinaryShareClass1 2022-03-31 7519472 bus:OrdinaryShareClass2 2023-07-31 7519472 bus:OrdinaryShareClass2 2022-03-31 7519472 bus:AllOrdinaryShares 2023-07-31 7519472 bus:AllOrdinaryShares 2022-03-31 7519472 core:OfficeEquipment 2022-04-01 2023-07-31 7519472 core:OfficeEquipment 2022-03-31
COMPANY REGISTRATION NUMBER: 7519472
Sales Floor Solutions Ltd
Filleted Unaudited Financial Statements
31 July 2023
Sales Floor Solutions Ltd
Statement of Financial Position
31 July 2023
31 Jul 23
31 Mar 22
Note
£
£
£
Fixed assets
Tangible assets
5
1,131
Current assets
Debtors
6
15,151
Cash at bank and in hand
24,714
25,496
--------
--------
24,714
40,647
Creditors: amounts falling due within one year
7
12,761
12,720
--------
--------
Net current assets
11,953
27,927
--------
--------
Total assets less current liabilities
11,953
29,058
Provisions
Taxation including deferred tax
215
--------
--------
Net assets
11,953
28,843
--------
--------
Capital and reserves
Called up share capital
8
2
2
Profit and loss account
11,951
28,841
--------
--------
Shareholders funds
11,953
28,843
--------
--------
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the financial year ended 31 March 2023, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies and the member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Sales Floor Solutions Ltd
Statement of Financial Position (continued)
31 July 2023
These financial statements were approved by the board of directors and authorised for issue on 1 September 2023 , and are signed on behalf of the board by:
Mr B Best
Director
Company registration number: 7519472
Sales Floor Solutions Ltd
Notes to the Financial Statements
Period from 1 April 2022 to 31 July 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 The Linen Yard, South Street, Crewkerne, Somerset, TA18 8AB. The company is being wound up and ceased trading on 31 December 2022, and the directors confirm that all outstanding amounts owed will be paid to creditors as appropriate. The year end has been extended to 31 July 2023 to facilitate the closure of the company
2. Statement of compliance
These financial statements have been prepared in accordance with FRS102 taking advantage of the disclosure exemptions of FRS102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered. Taxation The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment - 25% reducing balance
Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2 (2022: 2 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 April 2022
5,741
5,741
Disposals
( 5,741)
( 5,741)
-------
-------
At 31 July 2023
-------
-------
Depreciation
At 1 April 2022
4,610
4,610
Charge for the period
134
134
Disposals
( 4,744)
( 4,744)
-------
-------
At 31 July 2023
-------
-------
Carrying amount
At 31 July 2023
-------
-------
At 31 March 2022
1,131
1,131
-------
-------
6. Debtors
31 Jul 23
31 Mar 22
£
£
Trade debtors
13,676
Other debtors
1,475
----
--------
15,151
----
--------
7. Creditors: amounts falling due within one year
31 Jul 23
31 Mar 22
£
£
Corporation tax
6,855
10,362
Other creditors
5,906
2,358
--------
--------
12,761
12,720
--------
--------
8. Called up share capital
Issued, called up and fully paid
31 Jul 23
31 Mar 22
No.
£
No.
£
Ordinary A shares of £ 1 each
1
1
1
1
Ordinary B shares of £ 1 each
1
1
1
1
----
----
----
----
2
2
2
2
----
----
----
----
9. Directors' advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
31 Jul 23
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr B Best
569
3,817
( 7,598)
( 3,212)
----
-------
-------
-------
31 Mar 22
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr B Best
( 3)
572
569
----
----
----
----