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REGISTERED NUMBER: 03173356 (England and Wales)















H V B FLOORING SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






H V B FLOORING SERVICES LIMITED (REGISTERED NUMBER: 03173356)

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


H V B FLOORING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: H V Bickerton
L A Rawsthorne
S V Bickerton





SECRETARY: Ms T Smith





REGISTERED OFFICE: Vernon House
Whitefield Road
Bredbury
Stockport
Cheshire
SK6 2QR





REGISTERED NUMBER: 03173356 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

H V B FLOORING SERVICES LIMITED (REGISTERED NUMBER: 03173356)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,605 8,686

CURRENT ASSETS
Stocks 82,684 61,381
Debtors 5 291,196 342,612
Cash at bank and in hand 18,895 13,306
392,775 417,299
CREDITORS
Amounts falling due within one year 6 261,382 296,079
NET CURRENT ASSETS 131,393 121,220
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,998

129,906

CREDITORS
Amounts falling due after more than one
year

7

(3,334

)

(23,334

)

PROVISIONS FOR LIABILITIES (1,651 ) (1,650 )
NET ASSETS 133,013 104,922

CAPITAL AND RESERVES
Called up share capital 9 304 304
Retained earnings 132,709 104,618
SHAREHOLDERS' FUNDS 133,013 104,922

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.

H V B FLOORING SERVICES LIMITED (REGISTERED NUMBER: 03173356)

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 Statement of Income and Retained Earnings has not been delivered.

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:





S V Bickerton - Director


H V B FLOORING SERVICES LIMITED (REGISTERED NUMBER: 03173356)

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


1. STATUTORY INFORMATION

H V B Flooring Services 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.

The financial statements are presented in Sterling (£).

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
The turnover shown in the profit and loss account represents the value of all goods sold during the period, less returns received, at selling price exclusive of Value Added Tax. Sales are recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the product, such as obsolescence, have been transferred to the customer.

Tangible fixed assets
Depreciation is calculated so as to write off the cost of an asset, net of anticipated disposal proceeds, over the useful economic life of that asset as follows:

Equipment, fixtures and fittings- 20% reducing balance
Office equipment- 35% straight line
Motor vehicles- 25% 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.

Cost is calculated using the first-in first-out method and includes the normal cost of transporting stock to its present location and condition. Cost includes material and direct labour costs together with an appropriate proportion of production overheads, and interest costs directly relating to the associated funding of stocks. Net realisable value is the anticipated sales proceeds less any costs of disposal.

Work in progress
Work in progress is valued on the basis of direct material and labour costs plus attributable overheads based on a normal level of activity.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

H V B FLOORING SERVICES LIMITED (REGISTERED NUMBER: 03173356)

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


2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Equipment,
fixtures Motor Office
& fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 43,023 6,125 36,568 85,716
Additions - - 1,260 1,260
At 31 March 2023 43,023 6,125 37,828 86,976
DEPRECIATION
At 1 April 2022 37,607 4,187 35,236 77,030
Charge for year 1,083 485 1,773 3,341
At 31 March 2023 38,690 4,672 37,009 80,371
NET BOOK VALUE
At 31 March 2023 4,333 1,453 819 6,605
At 31 March 2022 5,416 1,938 1,332 8,686

H V B FLOORING SERVICES LIMITED (REGISTERED NUMBER: 03173356)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 133,258 187,612
Amounts owed by group undertakings 155,000 155,000
Prepayments and accrued income 2,938 -
291,196 342,612

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,000 20,000
Trade creditors 93,215 129,762
Amounts owed to group undertakings 15,787 15,787
Corporation tax 32,914 19,918
Social security and other taxes 8,387 10,072
VAT 17,112 16,145
Other creditors 914 7,483
Directors' current accounts 18,916 17,601
Accruals and deferred income 54,137 59,311
261,382 296,079

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 3,334 20,000
Bank loans - 2-5 years - 3,334
3,334 23,334

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 41,191 41,839
Between one and five years 29,205 70,396
70,396 112,235

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
250 Ordinary £1 250 250
54 Other Ordinary £1 54 54
304 304

H V B FLOORING SERVICES LIMITED (REGISTERED NUMBER: 03173356)

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


9. CALLED UP SHARE CAPITAL - continued

Other ordinary shares consist of 30 B shares, 20 C shares and 4 D shares.

10. ULTIMATE CONTROLLING PARTY

There is no overall controlling party.