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REGISTERED NUMBER: 04656806 (England and Wales)















Report of the Director and

Financial Statements for the Year Ended 28 February 2023

for

CK Flooring Limited

CK Flooring Limited (Registered number: 04656806)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


CK Flooring Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: C Kimmance





REGISTERED OFFICE: 1 Brompton Avenue
Crosby
Liverpool
L23 3BA





REGISTERED NUMBER: 04656806 (England and Wales)





ACCOUNTANTS: M P Greaves Limited
Chartered Certified Accountants
74 Marmot Road
Liverpool
Merseyside
L37 6GB

CK Flooring Limited (Registered number: 04656806)

Report of the Director
for the Year Ended 28 February 2023

The director presents his report with the financial statements of the company for the year ended 28 February 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of flooring contractors.

DIRECTOR
C Kimmance held office during the whole of the period from 1 March 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





C Kimmance - Director


2 November 2023

CK Flooring Limited (Registered number: 04656806)

Income Statement
for the Year Ended 28 February 2023

28.2.23 28.2.22
Notes £    £   

TURNOVER 83,865 81,206

Cost of sales 39,505 29,740
GROSS PROFIT 44,360 51,466

Administrative expenses 23,996 20,067
OPERATING PROFIT and
PROFIT BEFORE TAXATION 20,364 31,399

Tax on profit 4,185 5,789
PROFIT FOR THE FINANCIAL YEAR 16,179 25,610

CK Flooring Limited (Registered number: 04656806)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,873 6,367

CURRENT ASSETS
Stocks 2,900 2,700
Debtors 6 690 9,546
Cash at bank 21,100 3,008
24,690 15,254
CREDITORS
Amounts falling due within one year 7 11,299 8,536
NET CURRENT ASSETS 13,391 6,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,264

13,085

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 18,263 13,084
SHAREHOLDERS' FUNDS 18,264 13,085

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 2 November 2023 and were signed by:





C Kimmance - Director


CK Flooring Limited (Registered number: 04656806)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

CK Flooring 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.
Plant and machinery etc - 25% on 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

CK Flooring Limited (Registered number: 04656806)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. OPERATING PROFIT

The operating profit is stated after charging:

28.2.23 28.2.22
£    £   
Depreciation - owned assets 1,624 2,123

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 28,284
Additions 130
At 28 February 2023 28,414
DEPRECIATION
At 1 March 2022 21,917
Charge for year 1,624
At 28 February 2023 23,541
NET BOOK VALUE
At 28 February 2023 4,873
At 28 February 2022 6,367

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 690 1,300
Other debtors - 8,246
690 9,546

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 3,500 2,090
Taxation and social security 4,329 5,789
Other creditors 3,470 657
11,299 8,536

CK Flooring Limited (Registered number: 04656806)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
C Kimmance
Balance outstanding at start of year 8,246 -
Amounts advanced - 8,246
Amounts repaid (8,246 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 8,246