IRIS Accounts Production v23.2.0.158 09337354 Board of Directors Board of Directors 1.2.22 31.1.23 31.1.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh093373542022-01-31093373542023-01-31093373542022-02-012023-01-31093373542021-01-31093373542021-02-012022-01-31093373542022-01-3109337354ns10:Originalns15:EnglandWales2022-02-012023-01-3109337354ns14:PoundSterlingns10:Original2022-02-012023-01-3109337354ns10:Originalns10:Director12022-02-012023-01-3109337354ns10:Original2022-02-012023-01-3109337354ns10:Originalns10:Director22022-02-012023-01-3109337354ns10:Original2023-01-3109337354ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-3109337354ns10:Originalns10:SmallEntities2022-02-012023-01-3109337354ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-3109337354ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3109337354ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-3109337354ns10:Originalns10:FullAccounts2022-02-012023-01-3109337354ns10:CompanySecretary1ns10:Original2022-02-012023-01-3109337354ns10:Originalns10:RegisteredOffice2022-02-012023-01-3109337354ns10:Original2022-01-3109337354ns10:Originalns5:CurrentFinancialInstruments2023-01-3109337354ns10:Originalns5:CurrentFinancialInstruments2022-01-3109337354ns10:Originalns5:Non-currentFinancialInstruments2023-01-3109337354ns10:Originalns5:Non-currentFinancialInstruments2022-01-3109337354ns5:ShareCapitalns10:Original2023-01-3109337354ns5:ShareCapitalns10:Original2022-01-3109337354ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-3109337354ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3109337354ns10:Originalns5:PlantMachinery2022-02-012023-01-3109337354ns10:Originalns5:FurnitureFittings2022-02-012023-01-3109337354ns10:Originalns5:MotorVehicles2022-02-012023-01-3109337354ns10:Originalns5:ComputerEquipment2022-02-012023-01-3109337354ns10:Original2021-02-012022-01-3109337354ns10:Originalns5:PlantMachinery2022-01-3109337354ns10:Originalns5:PlantMachinery2023-01-3109337354ns10:Originalns5:PlantMachinery2022-01-3109337354ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-01-3109337354ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-02-012023-01-3109337354ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-3109337354ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-01-3109337354ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3109337354ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-3109337354ns5:Securedns10:Original2023-01-3109337354ns5:Securedns10:Original2022-01-3109337354ns10:Originalns5:DeferredTaxation2022-01-3109337354ns10:Originalns5:DeferredTaxation2022-02-012023-01-3109337354ns10:Originalns5:DeferredTaxation2023-01-31
REGISTERED NUMBER: 09337354 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

RESIN FLOORING SOLUTIONS (UK) LIMITED

RESIN FLOORING SOLUTIONS (UK) LIMITED (REGISTERED NUMBER: 09337354)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RESIN FLOORING SOLUTIONS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: S J Harrington
O F Harrington





SECRETARY: S J Harrington





REGISTERED OFFICE: Unit 18a Wakes Hall Business Centre
Colchester Road
Wakes Colne
Colchester
Essex
CO6 2DY





REGISTERED NUMBER: 09337354 (England and Wales)





ACCOUNTANTS: SW Accountancy
Chartered Certified Accountants
7 Davidson Close
Great Cornard
Sudbury
Suffolk
CO10 0YU

RESIN FLOORING SOLUTIONS (UK) LIMITED (REGISTERED NUMBER: 09337354)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 87,358 46,123

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 5 225,397 91,858
Cash at bank 29 6,004
228,426 100,862
CREDITORS
Amounts falling due within one year 6 184,508 103,863
NET CURRENT ASSETS/(LIABILITIES) 43,918 (3,001 )
TOTAL ASSETS LESS CURRENT LIABILITIES 131,276 43,122

CREDITORS
Amounts falling due after more than one year 7 (59,829 ) (39,708 )

PROVISIONS FOR LIABILITIES 9 (12,379 ) (3,325 )
NET ASSETS 59,068 89

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 58,968 (11 )
59,068 89

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

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by:



S J Harrington - Director



O F Harrington - Director


RESIN FLOORING SOLUTIONS (UK) LIMITED (REGISTERED NUMBER: 09337354)

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

1. STATUTORY INFORMATION

Resin Flooring Solutions (UK) 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.

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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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

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.

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.

3. EMPLOYEES AND DIRECTORS

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

RESIN FLOORING SOLUTIONS (UK) LIMITED (REGISTERED NUMBER: 09337354)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 126,925
Additions 108,663
Disposals (80,648 )
At 31 January 2023 154,940
DEPRECIATION
At 1 February 2022 80,802
Charge for year 11,874
Eliminated on disposal (25,094 )
At 31 January 2023 67,582
NET BOOK VALUE
At 31 January 2023 87,358
At 31 January 2022 46,123

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2022 41,110
Additions 100,558
Disposals (74,638 )
At 31 January 2023 67,030
DEPRECIATION
At 1 February 2022 20,590
Charge for year 3,492
Eliminated on disposal (20,590 )
At 31 January 2023 3,492
NET BOOK VALUE
At 31 January 2023 63,538
At 31 January 2022 20,520

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 213,753 82,150
Other debtors 11,644 9,708
225,397 91,858

RESIN FLOORING SOLUTIONS (UK) LIMITED (REGISTERED NUMBER: 09337354)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 27,703 25,340
Hire purchase contracts 9,499 11,605
Trade creditors 108,574 38,163
Taxation and social security 145 2,433
Other creditors 38,587 26,322
184,508 103,863

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 29,942 39,708
Hire purchase contracts 29,887 -
59,829 39,708

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 17,937 15,829
Hire purchase contracts 39,386 11,605
57,323 27,434

The bank overdraft is secured by personal guarantees given by the directors.

The hire purchase loan agreements are secured over the assets acquired.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 12,379 3,325

Deferred
tax
£   
Balance at 1 February 2022 3,325
Provided during year 9,054
Balance at 31 January 2023 12,379