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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
Page
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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
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Hull Resin Flooring Ltd Statement of financial position as at 31 March 2023
2023 
Notes
£ 
Fixed assets
Intangible assets
7,600 
Tangible assets
3,934 
11,534 
Current assets
Debtors
71,136 
Cash at bank and in hand
12,960 
84,096 
Creditors: amounts falling due within one year
(50,753)
Net current assets
33,343 
Total assets less current liabilities
44,877 
Provisions for liabilities
Deferred tax
(748)
Net assets
44,129 
Capital and reserves
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
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Hull Resin Flooring Ltd Notes to the Accounts for the period from 3 March 2022 to 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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
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 taxation
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.
Pension costs
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.
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Hull Resin Flooring Ltd Notes to the Accounts for the period from 3 March 2022 to 31 March 2023
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 3 March 2022
- 
Additions
9,500 
At 31 March 2023
9,500 
Amortisation
At 3 March 2022
- 
Charge for the period
1,900 
At 31 March 2023
1,900 
Net book value
At 31 March 2023
7,600 
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 3 March 2022
- 
- 
- 
Additions
4,383 
424 
4,807 
At 31 March 2023
4,383 
424 
4,807 
Depreciation
Charge for the period
785 
88 
873 
At 31 March 2023
785 
88 
873 
Net book value
At 31 March 2023
3,598 
336 
3,934 
6
Debtors
2023 
£ 
Amounts falling due within one year
VAT
8,958 
Trade debtors
56,958 
Other debtors
5,220 
71,136 
7
Creditors: amounts falling due within one year
2023 
£ 
Trade creditors
12,448 
Taxes and social security
19,107 
Other creditors
669 
Loans from directors
18,529 
50,753 
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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.
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