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Stoke Flooring Solutions Ltd
Registered Number:09236375
For the year ended 31 January 2023
England and Wales
Unaudited Financial Statements
2
Registered Number :
09236375
As at 31 January 2023
Stoke Flooring Solutions Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
11,594
4,560
2
11,594
4,560
Current assets
Inventories
2,150
1,904
3
Trade and other receivables
15,436
18,543
4
10,970
Cash and cash equivalents
17,457
37,904
28,556
Trade and other payables: amounts falling due within one year
(9,914)
(16,045)
5
18,642
21,859
Net current assets
Total assets less current liabilities
33,453
23,202
(3,072)
(656)
Provisions for liabilities
30,381
Net assets
22,546
Capital and reserves
Called up share capital
12
12
Retained earnings
30,369
22,534
30,381
22,546
Shareholders' funds
For the year ended 31 January 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Daniel Machin Director
These financial statements were approved and authorised for issue by the Board on 03 October 2023 and were signed by:
The notes form part of these financial statements
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3
For the year ended 31 January 2023
Stoke Flooring Solutions Ltd
Notes to the Financial Statements
Statutory Information
Stoke Flooring Solutions Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 09236375.
Registered address:
Unit 52, Shelton Enterpise Centre
Bedford Street
Stoke on Trent
Staffordshire
ST1 4PZ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
33% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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4
For the year ended 31 January 2023
Stoke Flooring Solutions Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or valuation
At 01 February 2022
15,454
2,471
550
7,985
4,448
13,730
1,016
-
12,250
464
Additions
(290)
-
(7,985)
-
Disposals
(8,275)
At 31 January 2023
12,250
550
3,197
20,909
4,912
Provision for depreciation and impairment
At 01 February 2022
10,894
1,405
478
5,458
3,553
Charge for year
4,082
660
18
3,063
341
(5,661)
(203)
-
(5,458)
-
On disposal
At 31 January 2023
9,315
1,862
496
3,063
3,894
At 31 January 2023
Net book value
1,018
9,187
54
1,335
11,594
At 31 January 2022
895
2,527
72
1,066
4,560
3. Inventories
2022
2023
£
£
Stocks
1,904
2,150
4. Trade and other receivables
2022
2023
£
£
Trade debtors
627
12,884
Other debtors
17,916
2,552
15,436
18,543
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
3,378
-
Taxation and social security
10,867
7,262
Other creditors
1,800
2,652
16,045
9,914
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5
For the year ended 31 January 2023
Stoke Flooring Solutions Ltd
Notes to the Financial Statements Continued
6. Directors advances and guarantees
At 01/02/2022
Loaned
At 31/01/2023
£
£
£
Mr Daniel Machin
Directors Loan Account
4,304
(251)
4,555
4,304
(251)
4,555
Mrs Nadine Machin
Directors Loan Account
4,305
(251)
4,556
4,305
(251)
4,556
7. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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