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REGISTERED NUMBER: 13808802 (England and Wales)















Affordable Floors 2 You Ltd

Unaudited Financial Statements

for the period

20 December 2021 to 31 December 2022






Affordable Floors 2 You Ltd (Registered number: 13808802)

Contents of the Financial Statements
for the period 20 December 2021 to 31 December 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


Affordable Floors 2 You Ltd

Company Information
for the period 20 December 2021 to 31 December 2022







DIRECTOR: C J Lambe





REGISTERED OFFICE: Unit 1 Chamberlayne Road
Bury St. Edmunds
IP32 7EY





REGISTERED NUMBER: 13808802 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
8 Hopper Way
Diss
Norfolk
IP22 4GT

Affordable Floors 2 You Ltd (Registered number: 13808802)

Balance Sheet
31 December 2022

Notes £   
FIXED ASSETS
Intangible assets 4 4,000
Tangible assets 5 8,302
12,302

CURRENT ASSETS
Stocks 16,500
Debtors 6 21,876
Cash at bank 23,832
62,208
CREDITORS
Amounts falling due within one year 7 (59,090 )
NET CURRENT ASSETS 3,118
TOTAL ASSETS LESS CURRENT LIABILITIES 15,420

PROVISIONS FOR LIABILITIES (266 )
NET ASSETS 15,154

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 15,054
15,154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 October 2023 and were signed by:





C J Lambe - Director


Affordable Floors 2 You Ltd (Registered number: 13808802)

Notes to the Financial Statements
for the period 20 December 2021 to 31 December 2022


1. STATUTORY INFORMATION

Affordable Floors 2 You Ltd 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.

Registration numbers
Registration plates are initially measured at cost. After initial recognition, intangible assets are measured on a revaluation basis. With revaluations taking place only if fair value can be determined by reference to an active market.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Office Equipment - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 period 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 period 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
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 period was 1 .

Affordable Floors 2 You Ltd (Registered number: 13808802)

Notes to the Financial Statements - continued
for the period 20 December 2021 to 31 December 2022


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 20 December 2021
and 31 December 2022 4,000
NET BOOK VALUE
At 31 December 2022 4,000
At 19 December 2021 4,000

5. TANGIBLE FIXED ASSETS
Plant and Office Computer
machinery Equipment equipment Totals
£    £    £    £   
COST
Additions 5,500 3,471 1,730 10,701
At 31 December 2022 5,500 3,471 1,730 10,701
DEPRECIATION
Charge for period 1,375 691 333 2,399
At 31 December 2022 1,375 691 333 2,399
NET BOOK VALUE
At 31 December 2022 4,125 2,780 1,397 8,302

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 19,984
Other debtors 1,892
21,876

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 11,166
Taxation and social security 10,405
Other creditors 37,519
59,090