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REGISTERED NUMBER: 08437740 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

County Flooring Contracts Limited

County Flooring Contracts Limited (Registered number: 08437740)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


County Flooring Contracts Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: R A Wilbor





REGISTERED OFFICE: Grange Cottage
Yafforth
NORTHALLERTON
North Yorkshire
DL7 0QB





REGISTERED NUMBER: 08437740 (England and Wales)





ACCOUNTANTS: King Hope
Chartered Accountants
34 Romanby Road
NORTHALLERTON
North Yorkshire
DL7 8NF

County Flooring Contracts Limited (Registered number: 08437740)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 30,310 13,214

CURRENT ASSETS
Stocks 100 100
Debtors 5 8,107 9,317
Cash at bank 105,000 90,056
113,207 99,473
CREDITORS
Amounts falling due within one year 6 (17,559 ) (14,629 )
NET CURRENT ASSETS 95,648 84,844
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,958

98,058

PROVISIONS FOR LIABILITIES (7,578 ) (2,511 )
NET ASSETS 118,380 95,547

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 118,370 95,537
SHAREHOLDERS' FUNDS 118,380 95,547

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

County Flooring Contracts Limited (Registered number: 08437740)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 November 2023 and were signed by:





R A Wilbor - Director


County Flooring Contracts Limited (Registered number: 08437740)

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

1. STATUTORY INFORMATION

County Flooring Contracts Limited 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 each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Office equipment - 20% on reducing balance

Government grants
Government grants relating to the Coronavirus Job Retention Scheme are recognised over the period for which the employee is furloughed. Business support grants from the local authority in respect of Coronavirus restrictions are recognised on receipt of funds.

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

Work in progress is valued on the basis of profit earned over the period of the contract. Provision is made for any foreseeable losses where appropriate.

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 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 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.

County Flooring Contracts Limited (Registered number: 08437740)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 39,408 1,569 40,977
Additions 24,000 673 24,673
At 31 March 2023 63,408 2,242 65,650
DEPRECIATION
At 1 April 2022 26,776 987 27,763
Charge for year 7,326 251 7,577
At 31 March 2023 34,102 1,238 35,340
NET BOOK VALUE
At 31 March 2023 29,306 1,004 30,310
At 31 March 2022 12,632 582 13,214

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,193 4,385
Other debtors 5,914 4,932
8,107 9,317

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 817 5,784
Corporation tax 9,776 3,399
Social security and other taxes 1,518 1,402
Directors' current accounts 3,759 1,720
Accruals and deferred income 1,689 2,324
17,559 14,629

County Flooring Contracts Limited (Registered number: 08437740)

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

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
R A Wilbor
Balance outstanding at start of year (1,720 ) (13,840 )
Amounts advanced 5,276 49,572
Amounts repaid (7,315 ) (37,452 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,759 ) (1,720 )

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £31,000 (2022 - £31,000) were paid to the director .

At the balance sheet date the sum of £3,759 (2022: £1,720) was due to the director.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R A Wilbor.