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REGISTERED NUMBER: 03287805 (England and Wales)
















Solid Floor Ltd.

Unaudited Financial Statements

for the Year Ended 31st March 2023






Solid Floor Ltd. (Registered number: 03287805)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Solid Floor Ltd.

Company Information
for the Year Ended 31st March 2023







Directors: Mr. E J Bles
Mr. R A Weems





Registered office: 7a Ezra Street
London
E2 7RH





Registered number: 03287805 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Solid Floor Ltd. (Registered number: 03287805)

Statement of Financial Position
31st March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 109,887 131,815

Current assets
Stocks 45,295 36,740
Debtors 5 767,102 911,287
Cash at bank and in hand 221,628 204,357
1,034,025 1,152,384
Creditors
Amounts falling due within one year 6 571,871 727,877
Net current assets 462,154 424,507
Total assets less current liabilities 572,041 556,322

Creditors
Amounts falling due after more than one
year

7

(174,671

)

(198,417

)

Provisions for liabilities (5,674 ) (7,001 )
Net assets 391,696 350,904

Capital and reserves
Called up share capital 1,250 1,250
Share premium 2,417 2,417
Retained earnings 388,029 347,237
391,696 350,904

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

Solid Floor Ltd. (Registered number: 03287805)

Statement of Financial Position - continued
31st March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th October 2023 and were signed on its behalf by:





Mr. E J Bles - Director


Solid Floor Ltd. (Registered number: 03287805)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. Statutory information

Solid Floor 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - Over the life of the lease
Plant and machinery - 25% 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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 8 (2022 - 8 ) .

Solid Floor Ltd. (Registered number: 03287805)

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

4. Tangible fixed assets
Short Plant and
leasehold machinery Totals
£    £    £   
Cost
At 1st April 2022
and 31st March 2023 202,002 71,762 273,764
Depreciation
At 1st April 2022 91,782 50,167 141,949
Charge for year 16,527 5,401 21,928
At 31st March 2023 108,309 55,568 163,877
Net book value
At 31st March 2023 93,693 16,194 109,887
At 31st March 2022 110,220 21,595 131,815

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 404,509 506,249
Other debtors 362,593 405,038
767,102 911,287

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 23,841 53,285
Trade creditors 143,858 132,617
Taxation and social security 151,490 109,051
Other creditors 252,682 432,924
571,871 727,877

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 174,671 198,417

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 92,028 113,136

Solid Floor Ltd. (Registered number: 03287805)

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

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 78,667 113,000
Between one and five years - 78,667
78,667 191,667

9. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 198,512 251,702

The bank loan is secured by way of fixed and floating charges over all the property and undertaking of the company.

10. Ultimate controlling party

The company's ultimate holding company is Rock Solid Limited, a company incorporated in England and Wales.