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REGISTERED NUMBER: 04569296 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

G J P FLOORING LIMITED

G J P FLOORING LIMITED (REGISTERED NUMBER: 04569296)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G J P FLOORING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: G J Pires





REGISTERED OFFICE: 72 Balsdean Road
Woodingdean
Brighton
East Sussex
BN2 6PF





REGISTERED NUMBER: 04569296 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

G J P FLOORING LIMITED (REGISTERED NUMBER: 04569296)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,808 13,888

CURRENT ASSETS
Stocks 3,000 2,900
Debtors 5 138,369 52,706
Cash at bank and in hand 162,553 253,603
303,922 309,209
CREDITORS
Amounts falling due within one year 6 35,025 66,221
NET CURRENT ASSETS 268,897 242,988
TOTAL ASSETS LESS CURRENT
LIABILITIES

324,705

256,876

PROVISIONS FOR LIABILITIES 7 14,000 2,640
NET ASSETS 310,705 254,236

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 310,704 254,235
SHAREHOLDERS' FUNDS 310,705 254,236

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 director acknowledges his 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 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 director and authorised for issue on 16 October 2023 and were signed by:





G J Pires - Director


G J P FLOORING LIMITED (REGISTERED NUMBER: 04569296)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

G J P Flooring Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents consideration received or receivable for flooring sales and services, measured at fair value, 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.
Motor vehicles - 15% on reducing balance
Furniture, fittings & Equipment - 15% on reducing balance
Computer equipment - 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method.

The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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 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.

G J P FLOORING LIMITED (REGISTERED NUMBER: 04569296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. EMPLOYEES

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Furniture,
Motor fittings Computer
vehicles & Equipment equipment Totals
£    £    £    £   
COST
At 1 April 2022 - 5,274 24,687 29,961
Additions 42,600 - 3,217 45,817
At 31 March 2023 42,600 5,274 27,904 75,778
DEPRECIATION
At 1 April 2022 - 2,506 13,567 16,073
Charge for year 1,598 415 1,884 3,897
At 31 March 2023 1,598 2,921 15,451 19,970
NET BOOK VALUE
At 31 March 2023 41,002 2,353 12,453 55,808
At 31 March 2022 - 2,768 11,120 13,888

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 35,946 50,493
Other debtors 1,775 1,775
Directors' current accounts 99,688 -
Prepayments and accrued income 960 438
138,369 52,706

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 812 936
Tax 11,814 18,562
Social security and other taxes 4,436 6,686
VAT 14,015 32,833
Other creditors 2,048 3,899
Directors' current accounts - 812
Accruals and deferred income 1,900 2,493
35,025 66,221

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 14,000 2,640

G J P FLOORING LIMITED (REGISTERED NUMBER: 04569296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 2,640
Provided during year 11,360
Balance at 31 March 2023 14,000