1 March 2022 false No description of principal activity Taxfiler 2023.10 06116411business:PrivateLimitedCompanyLtd2022-03-012023-02-28 061164112022-02-28 061164112022-03-012023-02-28 06116411business:AuditExemptWithAccountantsReport2022-03-012023-02-28 06116411business:FilletedAccounts2022-03-012023-02-28 061164112023-02-28 06116411business:Director12022-03-012023-02-28 06116411business:RegisteredOffice2022-03-012023-02-28 061164112022-02-28 06116411core:WithinOneYear2023-02-28 06116411core:WithinOneYear2022-02-28 06116411core:AfterOneYear2023-02-28 06116411core:AfterOneYear2022-02-28 06116411core:CapitalRedemptionReservecore:PreviouslyStatedAmount2023-02-28 06116411core:CapitalRedemptionReservecore:PreviouslyStatedAmount2022-02-28 06116411core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 06116411core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 06116411core:PreviouslyStatedAmount2023-02-28 06116411core:PreviouslyStatedAmount2022-02-28 06116411business:SmallEntities2022-03-012023-02-28 06116411countries:EnglandWales2022-03-012023-02-28 06116411core:PlantMachinery2022-03-012023-02-28 06116411core:MotorVehicles2022-03-012023-02-28 06116411core:FurnitureFittings2022-03-012023-02-28 06116411core:PlantMachinery2022-02-28 06116411core:MotorVehicles2022-02-28 06116411core:FurnitureFittings2022-02-28 06116411core:ComputerEquipment2022-02-28 06116411core:PlantMachinery2023-02-28 06116411core:MotorVehicles2023-02-28 06116411core:FurnitureFittings2023-02-28 06116411core:ComputerEquipment2023-02-28 06116411core:ComputerEquipment2022-03-012023-02-28 061164112021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 06116411 (England and Wales)
PW FLOORING SOLUTIONS LTD Unaudited accounts for the year ended 28 February 2023
PW FLOORING SOLUTIONS LTD Unaudited accounts Contents
Page
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PW FLOORING SOLUTIONS LTD Company Information for the year ended 28 February 2023
Director
Paul Warters
Company Number
06116411 (England and Wales)
Registered Office
9 cannon park road middlesbrough ts1 5jp
Accountants
H E Warters Accountancy Services 7 Sir Douglas Park Thornaby TS17 0JY
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PW FLOORING SOLUTIONS LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,216 
33,529 
Current assets
Inventories
86,805 
119,714 
Debtors
14,946 
23,100 
Cash at bank and in hand
58,538 
71,795 
160,289 
214,609 
Creditors: amounts falling due within one year
(153,109)
(146,073)
Net current assets
7,180 
68,536 
Total assets less current liabilities
33,396 
102,065 
Creditors: amounts falling due after more than one year
(32,444)
(67,974)
Net assets
952 
34,091 
Capital and reserves
Capital redemption reserve
29,508 
29,508 
Profit and loss account
(28,556)
4,583 
Shareholders' funds
952 
34,091 
For the year ending 28 February 2023 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 17 November 2023 and were signed on its behalf by
Paul Warters Director Company Registration No. 06116411
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PW FLOORING SOLUTIONS LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
PW FLOORING SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 06116411. The registered office is 9 cannon park road, middlesbrough, ts1 5jp.
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 on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies
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.
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:
Plant & machinery
20% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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PW FLOORING SOLUTIONS LTD Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2022
27,043 
20,475 
29,002 
19,527 
96,047 
At 28 February 2023
27,043 
20,475 
29,002 
19,527 
96,047 
Depreciation
At 1 March 2022
24,123 
5,363 
20,043 
12,989 
62,518 
Charge for the year
2,149 
3,779 
829 
556 
7,313 
At 28 February 2023
26,272 
9,142 
20,872 
13,545 
69,831 
Net book value
At 28 February 2023
771 
11,333 
8,130 
5,982 
26,216 
At 28 February 2022
2,920 
15,112 
8,959 
6,538 
33,529 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,199 
19,002 
Accrued income and prepayments
3,747 
4,098 
14,946 
23,100 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,116 
2,598 
VAT
32,635 
11,974 
Trade creditors
97,575 
116,060 
Taxes and social security
21,680 
13,313 
Accruals
(1,897)
2,128 
153,109 
146,073 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
58,850 
77,226 
Obligations under finance leases and hire purchase contracts
9,783 
14,477 
Other creditors
(56,189)
(43,729)
Loans from directors
20,000 
20,000 
32,444 
67,974 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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