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REGISTERED NUMBER: 08060930 (England and Wales)







REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

FLOORSKILLS LIMITED

FLOORSKILLS LIMITED (REGISTERED NUMBER: 08060930)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


FLOORSKILLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M Bourne
D J Bourne





SECRETARY: J C Tredwell





REGISTERED OFFICE: Unit 2
Lyndons Farm
Poolhead Lane
Earlswood
B94 5ES





REGISTERED NUMBER: 08060930 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
Corner Oak
1 Homer Road
Solihull
B91 3QG

FLOORSKILLS LIMITED (REGISTERED NUMBER: 08060930)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2023


The directors present their report with the financial statements of the company for the year ended 31 March 2023.

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

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

M Bourne
D J Bourne

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:





M Bourne - Director


21 November 2023

FLOORSKILLS LIMITED (REGISTERED NUMBER: 08060930)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
Notes £    £   

TURNOVER 905,256 884,556

Cost of sales 308,654 213,491
GROSS PROFIT 596,602 671,065

Administrative expenses 547,552 479,739
49,050 191,326

Other operating income - 1,064
OPERATING PROFIT 4 49,050 192,390

Interest receivable and similar income 375 121
49,425 192,511

Interest payable and similar expenses 19 521
PROFIT BEFORE TAXATION 49,406 191,990

Tax on profit 10,603 42,983
PROFIT FOR THE FINANCIAL YEAR 38,803 149,007

FLOORSKILLS LIMITED (REGISTERED NUMBER: 08060930)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 295,224 165,680

CURRENT ASSETS
Debtors 6 30,403 47,261
Cash at bank and in hand 146,778 244,705
177,181 291,966
CREDITORS
Amounts falling due within one year 7 84,267 105,356
NET CURRENT ASSETS 92,914 186,610
TOTAL ASSETS LESS CURRENT
LIABILITIES

388,138

352,290

PROVISIONS FOR LIABILITIES 9,253 12,208
NET ASSETS 378,885 340,082

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 378,881 340,078
SHAREHOLDERS' FUNDS 378,885 340,082

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 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.

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 Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:



M Bourne - Director


FLOORSKILLS LIMITED (REGISTERED NUMBER: 08060930)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Floorskills 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Improvements to property - 10% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

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.

FLOORSKILLS LIMITED (REGISTERED NUMBER: 08060930)

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 6 (2022 - 6 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 37,575 29,960

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 102,032 21,672 27,726
Additions 158,709 4,650 -
At 31 March 2023 260,741 26,322 27,726
DEPRECIATION
At 1 April 2022 43,822 6,616 14,249
Charge for year 7,190 3,861 4,662
At 31 March 2023 51,012 10,477 18,911
NET BOOK VALUE
At 31 March 2023 209,729 15,845 8,815
At 31 March 2022 58,210 15,056 13,477

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 101,094 30,388 282,912
Additions - 3,760 167,119
At 31 March 2023 101,094 34,148 450,031
DEPRECIATION
At 1 April 2022 28,378 24,167 117,232
Charge for year 18,179 3,683 37,575
At 31 March 2023 46,557 27,850 154,807
NET BOOK VALUE
At 31 March 2023 54,537 6,298 295,224
At 31 March 2022 72,716 6,221 165,680

FLOORSKILLS LIMITED (REGISTERED NUMBER: 08060930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,522 37,054
Other debtors 23,881 10,207
30,403 47,261

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,107 17,443
Taxation and social security 51,738 36,487
Other creditors 24,422 51,426
84,267 105,356

8. DIRECTORS' 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
£    £   
M Bourne
Balance outstanding at start of year 5,890 9,572
Amounts advanced 30,261 1,563
Amounts repaid (21,616 ) (5,245 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,535 5,890