Company Registration No. 09985717 (England and Wales)
FLOOR.CO (NE) LIMITED
Unaudited accounts
for the year ended 28 February 2023
FLOOR.CO (NE) LIMITED
Unaudited accounts
Contents
FLOOR.CO (NE) LIMITED
Company Information
for the year ended 28 February 2023
Director
Mr David Thompson
Company Number
09985717 (England and Wales)
Registered Office
51 COLDWELL PARK DRIVE
GATESHEAD
TYNE & WEAR
NE10 9BY
ENGLAND
Accountants
Scott Accountancy Services
119 Lanchester Avenue
Gateshead
Tyne & Wear
NE9 7AN
FLOOR.CO (NE) LIMITED
Accountants' report
Accountants' report to the director of FLOOR.CO (NE) LIMITED on the preparation of the unaudited statutory accounts for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
FLOOR.CO (NE) LIMITED for the year ended
28 February 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of FLOOR.CO (NE) LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of FLOOR.CO (NE) LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FLOOR.CO (NE) LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that FLOOR.CO (NE) LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of FLOOR.CO (NE) LIMITED. You consider that FLOOR.CO (NE) LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of FLOOR.CO (NE) LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Scott Accountancy Services
119 Lanchester Avenue
Gateshead
Tyne & Wear
NE9 7AN
27 November 2023
FLOOR.CO (NE) LIMITED
Statement of financial position
as at 28 February 2023
Tangible assets
25,885
9,275
Cash at bank and in hand
148,557
25,672
Creditors: amounts falling due within one year
(110,946)
(46,950)
Net current assets
66,450
31,793
Called up share capital
1
1
Profit and loss account
92,334
41,067
Shareholders' funds
92,335
41,068
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 27 November 2023 and were signed on its behalf by
Mr David Thompson
Director
Company Registration No. 09985717
FLOOR.CO (NE) LIMITED
Notes to the Accounts
for the year ended 28 February 2023
FLOOR.CO (NE) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09985717. The registered office is 51 COLDWELL PARK DRIVE, GATESHEAD, TYNE & WEAR, NE10 9BY, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
33.33% Straight Line
The director believes that the company rebounded strongly from the pandemic. He believes that the preparation carried out by him during the two years in significantly strengthening the existing customer base, developing the business infrastructure, preparing the company to exit being in a position to bid on bigger contracts including those of local government and networking to develop contacts has paid strong dividends during this period.
The business has been in a position to refund in its entirety all directors loans and has in addition been profitable enough to pay a shareholder dividend.
FLOOR.CO (NE) LIMITED
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
13,300
9,880
1,864
25,044
Additions
25,000
-
-
25,000
At 28 February 2023
38,300
9,880
1,864
50,044
At 1 March 2022
10,932
3,695
1,142
15,769
Charge for the year
6,842
927
621
8,390
At 28 February 2023
17,774
4,622
1,763
24,159
At 28 February 2023
20,526
5,258
101
25,885
At 28 February 2022
2,368
6,185
722
9,275
Amounts falling due within one year
Trade debtors
6,598
38,339
Other debtors
12,241
4,732
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
70,575
14,916
Taxes and social security
23,685
8,814
Loans from directors
-
16,378
7
Average number of employees
During the year the average number of employees was 3 (2022: 2).