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REGISTERED NUMBER: 04922352 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Floors 4 All Limited

Floors 4 All Limited (Registered number: 04922352)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Floors 4 All Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: E J Evans
A Bynon





REGISTERED OFFICE: Leofric House
Binley Road
Coventry
CV3 1JN





REGISTERED NUMBER: 04922352 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Floors 4 All Limited (Registered number: 04922352)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 425,034 428,774

CURRENT ASSETS
Stocks 5 51,350 60,000
Debtors 6 57,085 150,247
Cash at bank and in hand 244,385 53,139
352,820 263,386
CREDITORS
Amounts falling due within one year 7 230,266 253,513
NET CURRENT ASSETS 122,554 9,873
TOTAL ASSETS LESS CURRENT
LIABILITIES

547,588

438,647

CREDITORS
Amounts falling due after more than one
year

8

(266,846

)

(284,492

)

PROVISIONS FOR LIABILITIES (1,754 ) (2,044 )
NET ASSETS 278,988 152,111

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 278,888 152,011
SHAREHOLDERS' FUNDS 278,988 152,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Floors 4 All Limited (Registered number: 04922352)

Balance Sheet - continued
31 August 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 11 October 2023 and were signed on its behalf by:




E J Evans - Director



A Bynon - Director


Floors 4 All Limited (Registered number: 04922352)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Floors 4 All 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 represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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 - Straight line over 4 years
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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 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.

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.

Floors 4 All Limited (Registered number: 04922352)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

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 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 September 2022 418,020 1,344 8,797
Additions - - -
Disposals - - -
At 31 August 2023 418,020 1,344 8,797
DEPRECIATION
At 1 September 2022 - - 8,651
Charge for year - - 48
Eliminated on disposal - - -
At 31 August 2023 - - 8,699
NET BOOK VALUE
At 31 August 2023 418,020 1,344 98
At 31 August 2022 418,020 1,344 146

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 2,568 14,577 4,338 449,644
Additions 193 5,000 - 5,193
Disposals - (13,582 ) - (13,582 )
At 31 August 2023 2,761 5,995 4,338 441,255
DEPRECIATION
At 1 September 2022 954 6,927 4,338 20,870
Charge for year 423 2,798 - 3,269
Eliminated on disposal - (7,918 ) - (7,918 )
At 31 August 2023 1,377 1,807 4,338 16,221
NET BOOK VALUE
At 31 August 2023 1,384 4,188 - 425,034
At 31 August 2022 1,614 7,650 - 428,774

Floors 4 All Limited (Registered number: 04922352)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. STOCKS
31.8.23 31.8.22
£    £   
Stocks 51,350 60,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 39,688 78,229
Other debtors 500 -
VAT - 62,704
Prepayments 16,897 9,314
57,085 150,247

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts (see note 9) 14,400 6,000
Other loans (see note 9) 6,000 14,400
Trade creditors 60,054 85,586
Tax 49,929 40,351
Social security and other taxes 902 809
VAT 19,611 -
Pension Creditor 255 258
Directors' current accounts 43,308 42,120
Deferred Income 30,781 57,347
Accrued expenses 5,026 6,642
230,266 253,513

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans (see note 9) 255,846 17,000
Other loans (see note 9) 11,000 267,492
266,846 284,492

9. LOANS

An analysis of the maturity of loans is given below:

31.8.23 31.8.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 14,400 6,000
Other loans 6,000 14,400
20,400 20,400

Floors 4 All Limited (Registered number: 04922352)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

9. LOANS - continued
31.8.23 31.8.22
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 14,400 6,000
Other loans - 1-2 years 6,000 14,400
20,400 20,400

Amounts falling due between two and five years:
Bank loans - 2-5 years 241,446 11,000
Other loans - 2-5 years 5,000 253,092
246,446 264,092

10. SECURED DEBTS

The company's bank overdraft facility is secured by a debenture over all of the current and future assets of the company.

The mortgage of £270,246 (2022: £281,892) is secured over the premises address 183 Allesley Old Road by a fixed legal charge.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
52 Ordinary A £1 52 52
48 Ordinary B £1 48 48
100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors are amounts of £21,576 (2022 £21,128) due to the director A Bynon. Interest is charged at commercial rate with no set repayment terms.

Also included within other creditors is an amount of £21,731 (2022 £20,992) due to the director E Evans, a director. Interest is charged at commercial rate with no set repayment terms.

13. POST BALANCE SHEET EVENTS

Following the balance sheet date the company purchased freehold premises at 183 Allesley Old Road.

14. ULTIMATE CONTROLLING PARTY

The company was controlled by the directors E Evans and A Bynon by virtue of their equal shareholdings.