Company Registration No. 13952056 (England and Wales)
Hull Resin Flooring Ltd
Unaudited accounts
for the period from 3 March 2022 to 31 March 2023
Hull Resin Flooring Ltd
Unaudited accounts
Contents
Hull Resin Flooring Ltd
Company Information
for the period from 3 March 2022 to 31 March 2023
Directors
Mr A Cotton
Mr D Brooker
Mr I Roper
Ms T Richardson
Company Number
13952056 (England and Wales)
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Hull Resin Flooring Ltd
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
12,960
Creditors: amounts falling due within one year
(50,753)
Total assets less current liabilities
44,877
Provisions for liabilities
Called up share capital
100
Profit and loss account
44,029
Shareholders' funds
44,129
For the period ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 June 2023 and were signed on its behalf by
Mr A Cotton
Director
Company Registration No. 13952056
Hull Resin Flooring Ltd
Notes to the Accounts
for the period from 3 March 2022 to 31 March 2023
Hull Resin Flooring Ltd is a private company, limited by shares, registered in England and Wales, registration number 13952056.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% at cost
Computer equipment
25% at cost
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Hull Resin Flooring Ltd
Notes to the Accounts
for the period from 3 March 2022 to 31 March 2023
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Charge for the period
1,900
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 31 March 2023
4,383
424
4,807
Charge for the period
785
88
873
At 31 March 2023
785
88
873
At 31 March 2023
3,598
336
3,934
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
Taxes and social security
19,107
Loans from directors
18,529
Hull Resin Flooring Ltd
Notes to the Accounts
for the period from 3 March 2022 to 31 March 2023
8
Average number of employees
During the period the average number of employees was 5.