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REGISTERED NUMBER: 11840516 (England and Wales)















Unaudited Financial Statements For The Year Ended 28 February 2023

for

Next Level Flooring Limited

Next Level Flooring Limited (Registered number: 11840516)

Contents of the Financial Statements
For The Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Next Level Flooring Limited

Company Information
For The Year Ended 28 February 2023







DIRECTORS: G Cartwright
A M Garman





SECRETARY:





REGISTERED OFFICE: Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN





REGISTERED NUMBER: 11840516 (England and Wales)





ACCOUNTANTS: Hunt Ford & Co
Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN

Next Level Flooring Limited (Registered number: 11840516)

Balance Sheet
28 February 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,793 9,058

CURRENT ASSETS
Stocks 5,000 8,000
Debtors 5 10,648 2,663
Cash at bank and in hand 41,841 45,437
57,489 56,100
CREDITORS
Amounts falling due within one year 6 18,083 16,412
NET CURRENT ASSETS 39,406 39,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,199

48,746

CREDITORS
Amounts falling due after more than
one year

7

27,880

31,842
NET ASSETS 18,319 16,904

CAPITAL AND RESERVES
Called up share capital 8 101 101
Retained earnings 9 18,218 16,803
SHAREHOLDERS' FUNDS 18,319 16,904

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 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.

Next Level Flooring Limited (Registered number: 11840516)

Balance Sheet - continued
28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by:





G Cartwright - Director


Next Level Flooring Limited (Registered number: 11840516)

Notes to the Financial Statements
For The Year Ended 28 February 2023


1. STATUTORY INFORMATION

Next Level 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Next Level Flooring Limited (Registered number: 11840516)

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


2. ACCOUNTING POLICIES - continued

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 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 21,378
DEPRECIATION
At 1 March 2022 12,320
Charge for year 2,265
At 28 February 2023 14,585
NET BOOK VALUE
At 28 February 2023 6,793
At 28 February 2022 9,058

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade debtors 8,628 2,663
VAT 2,020 -
10,648 2,663

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade creditors 5,050 5,711
Tax 10,011 8,943
Social security and other taxes 55 49
VAT - 757
Directors' current accounts 2,967 952
18,083 16,412

Next Level Flooring Limited (Registered number: 11840516)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans - 1-2 years 27,880 31,842

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28/2/23 28/2/22
value: £    £   
100 Ordinary A £1 100 100
1 Ordinary B £1 1 1
101 101

9. RESERVES
Retained
earnings
£   

At 1 March 2022 16,803
Profit for the year 40,415
Dividends (39,000 )
At 28 February 2023 18,218