IRIS Accounts Production v23.2.0.158 10248975 Board of Directors 1.2.22 31.1.23 31.1.23 false true false false true false 67 125 720 600 616 408 171 67 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102489752022-01-31102489752023-01-31102489752022-02-012023-01-31102489752021-01-31102489752021-02-012022-01-31102489752022-01-3110248975ns10:Originalns15:EnglandWales2022-02-012023-01-3110248975ns14:PoundSterlingns10:Original2022-02-012023-01-3110248975ns10:Originalns10:Director12022-02-012023-01-3110248975ns10:Original2022-02-012023-01-3110248975ns10:Original2023-01-3110248975ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-3110248975ns10:Originalns10:SmallEntities2022-02-012023-01-3110248975ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-3110248975ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3110248975ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-3110248975ns10:Originalns10:FullAccounts2022-02-012023-01-3110248975ns10:EntityHasNeverTradedns10:Original2022-02-012023-01-3110248975ns10:Original42ns10:Director22022-01-3110248975ns10:Original42ns10:Director22021-01-3110248975ns10:Original42ns10:Director22022-02-012023-01-3110248975ns10:Original42ns10:Director22021-02-012022-01-3110248975ns10:Original42ns10:Director22023-01-3110248975ns10:Original42ns10:Director22022-01-3110248975ns10:Originalns10:Director22022-02-012023-01-3110248975ns10:Originalns10:RegisteredOffice2022-02-012023-01-3110248975ns10:Original2022-01-3110248975ns10:Originalns5:CurrentFinancialInstruments2023-01-3110248975ns10:Originalns5:CurrentFinancialInstruments2022-01-3110248975ns10:Originalns5:Non-currentFinancialInstruments2023-01-3110248975ns10:Originalns5:Non-currentFinancialInstruments2022-01-3110248975ns5:ShareCapitalns10:Original2023-01-3110248975ns5:ShareCapitalns10:Original2022-01-3110248975ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-3110248975ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3110248975ns10:Originalns5:MotorVehicles2022-02-012023-01-3110248975ns10:Originalns5:ComputerEquipment2022-02-012023-01-3110248975ns10:Original2021-02-012022-01-3110248975ns10:Originalns5:MotorVehicles2022-01-3110248975ns10:Originalns5:ComputerEquipment2022-01-3110248975ns10:Original2022-01-3110248975ns10:Originalns5:MotorVehicles2023-01-3110248975ns10:Originalns5:ComputerEquipment2023-01-3110248975ns10:Originalns5:MotorVehicles2022-01-3110248975ns10:Originalns5:ComputerEquipment2022-01-3110248975ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3110248975ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-3110248975ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-01-3110248975ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-01-3110248975ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-01-3110248975ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-01-3110248975ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3110248975ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-3110248975ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2023-01-3110248975ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2022-01-3110248975ns10:Originalns5:HirePurchaseContracts2023-01-3110248975ns10:Originalns5:HirePurchaseContracts2022-01-3110248975ns10:Originalns5:WithinOneYear2023-01-3110248975ns10:Originalns5:WithinOneYear2022-01-3110248975ns5:BetweenOneFiveYearsns10:Original2023-01-3110248975ns5:BetweenOneFiveYearsns10:Original2022-01-3110248975ns10:Originalns5:AllPeriods2023-01-3110248975ns10:Originalns5:AllPeriods2022-01-3110248975ns10:Original1ns10:Director12022-01-3110248975ns10:Original1ns10:Director12021-01-3110248975ns10:Original1ns10:Director12022-02-012023-01-3110248975ns10:Original1ns10:Director12021-02-012022-01-3110248975ns10:Original1ns10:Director12023-01-3110248975ns10:Original1ns10:Director12022-01-31
REGISTERED NUMBER: 10248975 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 January 2023

for

The Flooring Place Ltd

The Flooring Place Ltd (Registered number: 10248975)

Contents of the Financial Statements
for the Year Ended 31 January 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Flooring Place Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mrs S M Hollis
D C Hollis





REGISTERED OFFICE: 16 Sinhurst Road
Camberley
Surrey
GU15 3AW





REGISTERED NUMBER: 10248975 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

The Flooring Place Ltd (Registered number: 10248975)

Statement of Financial Position
31 January 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,730 11,160

CURRENT ASSETS
Stocks 5 29,040 20,124
Debtors 6 29,674 16,224
Cash at bank and in hand 18,868 22,615
77,582 58,963
CREDITORS
Amounts falling due within one year 7 (50,102 ) (33,554 )
NET CURRENT ASSETS 27,480 25,409
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,210

36,569

CREDITORS
Amounts falling due after more than one
year

8

(26,547

)

(37,906

)

PROVISIONS FOR LIABILITIES (1,313 ) (1,552 )
NET ASSETS/(LIABILITIES) 7,350 (2,889 )

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 7,300 (2,939 )
SHAREHOLDERS' FUNDS 7,350 (2,889 )

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 Flooring Place Ltd (Registered number: 10248975)

Statement of Financial Position - continued
31 January 2023


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 6 October 2023 and were signed on its behalf by:





D C Hollis - Director


The Flooring Place Ltd (Registered number: 10248975)

Notes to the Financial Statements
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

The Flooring Place 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.

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 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.
Motor vehicles - 25% on cost
Computer equipment - 33.33% on cost

Government grants
Grants comprise amounts received under the Government's Job Retention Scheme and a Business Interruption Loan Agreement and are recognised in the Income Statement once the relevant performance conditions have been met.

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

Work in progress reflects the accrual of the right to consideration by reference to the value of the work performed.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

The Flooring Place Ltd (Registered number: 10248975)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


2. ACCOUNTING POLICIES - continued

Operating leases
Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Hire purchase
Assets obtained under hire purchase contracts are capitalised in the Statement of Financial Position. Those held under hire purchase contracts are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the Income Statement over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 11,795 2,040 13,835
DEPRECIATION
At 1 February 2022 1,933 742 2,675
Charge for year 2,949 481 3,430
At 31 January 2023 4,882 1,223 6,105
NET BOOK VALUE
At 31 January 2023 6,913 817 7,730
At 31 January 2022 9,862 1,298 11,160

5. STOCKS
2023 2022
£    £   
Stocks 5,000 5,000
Work in progress 24,040 15,124
29,040 20,124

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,768 5,272
Other debtors 8,109 9,267
Directors' current accounts 171 67
VAT - 1,377
Prepayments 626 241
29,674 16,224

The Flooring Place Ltd (Registered number: 10248975)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 1,359 1,214
Tax 18,147 12,608
VAT 4,942 -
Accrued expenses 15,654 9,732
50,102 33,554

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 13,325 23,325
Hire purchase contracts (see note 9) 3,222 4,581
26,547 37,906

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 1,359 1,214
Between one and five years 3,222 4,581
4,581 5,795

Non-cancellable operating leases
2023 2022
£    £   
Within one year 13,000 3,467
Between one and five years 31,417 -
44,417 3,467

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 4,581 5,795

The hire purchase contracts were secured on the assets held under these contracts.

The Flooring Place Ltd (Registered number: 10248975)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
D C Hollis and Mrs S M Hollis
Balance outstanding at start of year 67 (125 )
Amounts advanced 720 600
Amounts repaid (616 ) (408 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 171 67

Loans are unsecured, interest free and repayable on demand.