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Company Registration No. 11643947 (England and Wales)
FAR FLOORING LTD Unaudited accounts for the year ended 31 October 2022
FAR FLOORING LTD Unaudited accounts Contents
Page
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FAR FLOORING LTD Company Information for the year ended 31 October 2022
Director
Alexandru-Madalin FARCAS
Company Number
11643947 (England and Wales)
Registered Office
112 ODESSA ROAD LONDON E7 9BN ENGLAND
Accountants
EMILIA ACCOUNTANCY LTD 58 STROUD CREDCENT LONDON UK SW15 3EJ
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FAR FLOORING LTD Statement of financial position as at 31 October 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
33,600 
- 
Current assets
Debtors
68,138 
7,021 
Cash at bank and in hand
5,076 
20,477 
73,214 
27,498 
Creditors: amounts falling due within one year
(21,339)
12,181 
Net current assets
51,875 
39,679 
Total assets less current liabilities
85,475 
39,679 
Creditors: amounts falling due after more than one year
(61,386)
(27,535)
Net assets
24,089 
12,144 
Capital and reserves
Profit and loss account
24,089 
12,144 
Shareholders' funds
24,089 
12,144 
For the year ending 31 October 2022 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 director acknowledges his 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 and authorised for issue on 14 November 2023 and were signed on its behalf by
Alexandru-Madalin FARCAS Director Company Registration No. 11643947
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FAR FLOORING LTD Notes to the Accounts for the year ended 31 October 2022
1
Statutory information
FAR FLOORING LTD is a private company, limited by shares, registered in England and Wales, registration number 11643947. The registered office is 112 ODESSA ROAD, LONDON, E7 9BN, ENGLAND.
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 remained unchanged from the previous year, and also 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.
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.
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:
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 November 2021
- 
Additions
42,000 
At 31 October 2022
42,000 
Depreciation
Charge for the year
8,400 
At 31 October 2022
8,400 
Net book value
At 31 October 2022
33,600 
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FAR FLOORING LTD Notes to the Accounts for the year ended 31 October 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,457 
- 
Other debtors
60,681 
- 
68,138 
- 
Amounts falling due after more than one year
Trade debtors
- 
7,021 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
575 
8,508 
Trade creditors
16,520 
- 
Taxes and social security
18,484 
10,170 
Other creditors
- 
(1,484)
Loans from directors
30,289 
(27,927)
Accruals
(44,529)
(1,448)
21,339 
(12,181)
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
25,214 
26,291 
Obligations under finance leases and hire purchase contracts
33,173 
- 
Taxes and social security
2,999 
1,244 
61,386 
27,535 
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).
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