IRIS Accounts Production v23.3.0.418 09491186 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh094911862022-03-31094911862023-03-31094911862022-04-012023-03-31094911862021-03-31094911862021-04-012022-03-31094911862022-03-3109491186ns10:Originalns15:EnglandWales2022-04-012023-03-3109491186ns14:PoundSterlingns10:Original2022-04-012023-03-3109491186ns10:Originalns10:Director12022-04-012023-03-3109491186ns10:Original2022-04-012023-03-3109491186ns10:Original2023-03-3109491186ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3109491186ns10:Originalns10:SmallEntities2022-04-012023-03-3109491186ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3109491186ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3109491186ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3109491186ns10:Originalns10:AbridgedAccounts2022-04-012023-03-3109491186ns10:Originalns10:Director22022-04-012023-03-3109491186ns10:Originalns10:RegisteredOffice2022-04-012023-03-3109491186ns10:Original2022-03-3109491186ns10:Originalns5:CurrentFinancialInstruments2023-03-3109491186ns10:Originalns5:CurrentFinancialInstruments2022-03-3109491186ns10:Originalns5:Non-currentFinancialInstruments2023-03-3109491186ns10:Originalns5:Non-currentFinancialInstruments2022-03-3109491186ns5:ShareCapitalns10:Original2023-03-3109491186ns5:ShareCapitalns10:Original2022-03-3109491186ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3109491186ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3109491186ns10:Originalns5:FurnitureFittings2022-04-012023-03-3109491186ns10:Originalns5:MotorVehicles2022-04-012023-03-3109491186ns10:Originalns5:ComputerEquipment2022-04-012023-03-3109491186ns10:Original2021-04-012022-03-3109491186ns10:Original2022-03-31
REGISTERED NUMBER: 09491186 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Floorcovers UK Ltd

Floorcovers UK Ltd (Registered number: 09491186)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Floorcovers UK Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr P A Morris
Mr P Rokahr





REGISTERED OFFICE: Suite 1, The Riverside Building
Livingstone Road
Hessle
East Yorkshire
HU13 0DZ





REGISTERED NUMBER: 09491186 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

Floorcovers UK Ltd (Registered number: 09491186)

Abridged Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,455 27,250

CURRENT ASSETS
Debtors 214,273 190,552
Cash at bank 121,032 71,190
335,305 261,742
CREDITORS
Amounts falling due within one year 148,051 124,665
NET CURRENT ASSETS 187,254 137,077
TOTAL ASSETS LESS CURRENT
LIABILITIES

249,709

164,327

CREDITORS
Amounts falling due after more than one
year

41,232

17,993
NET ASSETS 208,477 146,334

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 208,377 146,234
SHAREHOLDERS' FUNDS 208,477 146,334

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Floorcovers UK Ltd (Registered number: 09491186)

Abridged Balance Sheet - continued
31 March 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by:





Mr P Rokahr - Director


Floorcovers UK Ltd (Registered number: 09491186)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Floorcovers UK 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably; it is probable that future economic benefits will flow to the entity and when the specific criteria relating to each of the company's sales channels have been met, as described below.

Interest income is recognised using the effective interest rate method.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Floorcovers UK Ltd (Registered number: 09491186)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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.

Estimates and judgements
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors, are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 97,305
Additions 69,147
Disposals (61,195 )
At 31 March 2023 105,257
DEPRECIATION
At 1 April 2022 70,055
Charge for year 20,674
Eliminated on disposal (47,927 )
At 31 March 2023 42,802
NET BOOK VALUE
At 31 March 2023 62,455
At 31 March 2022 27,250