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Registration number: 12228887

Roy All Flooring Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Roy All Flooring Limited

Contents

Company Information

1

Director's Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 9

Detailed Profit and Loss Account

10 to 11

 

Roy All Flooring Limited

Company Information

Director

Mr Roy Hill

Company secretary

Welch Company Services Limited

Registered office

2 Drake House
Cook Way
Taunton
Somerset
TA2 6BJ

Accountants

Welch & Co (South West) Limited
2 Drake House
Cook Way
Taunton
Somerset
TA2 6BJ

 

Roy All Flooring Limited

Director's Report for the Year Ended 30 September 2023

The director presents his report and the financial statements for the year ended 30 September 2023.

Director of the company

The director who held office during the year was as follows:

Mr Roy Hill

Principal activity

The principal activity of the company is supply and installation of flooring

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 5 February 2024
 

.........................................
Mr Roy Hill
Director

 

Roy All Flooring Limited

(Registration number: 12228887)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

9,984

7,967

Current assets

 

Debtors

6

49,895

63,055

Cash at bank and in hand

 

9,935

37,070

 

59,830

100,125

Creditors: Amounts falling due within one year

7

(47,405)

(70,204)

Net current assets

 

12,425

29,921

Total assets less current liabilities

 

22,409

37,888

Creditors: Amounts falling due after more than one year

7

(22,309)

(31,229)

Net assets

 

100

6,659

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

-

6,559

Shareholders' funds

 

100

6,659

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 5 February 2024
 

.........................................
Mr Roy Hill
Director

 

Roy All Flooring Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
2 Drake House
Cook Way
Taunton
Somerset
TA2 6BJ
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Roy All Flooring Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Roy All Flooring Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

2,828

2,656

 

Roy All Flooring Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

5

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2022

9,406

7,302

16,708

Additions

-

4,844

4,844

At 30 September 2023

9,406

12,146

21,552

Depreciation

At 1 October 2022

5,548

3,193

8,741

Charge for the year

964

1,863

2,827

At 30 September 2023

6,512

5,056

11,568

Carrying amount

At 30 September 2023

2,894

7,090

9,984

At 30 September 2022

3,858

4,109

7,967

6

Debtors

Current

2023
£

2022
£

Trade debtors

24,415

31,526

Prepayments

1,706

1,639

Other debtors

23,774

29,890

 

49,895

63,055

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

9

9,207

44

Trade creditors

 

21,809

52,540

Taxation and social security

 

5,146

2,021

Accruals and deferred income

 

1,804

-

Other creditors

 

9,439

15,599

 

47,405

70,204

Creditors: amounts falling due after more than one year

 

Roy All Flooring Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

22,309

31,229

8

Share capital

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

22,309

31,229

2023
£

2022
£

Current loans and borrowings

Bank borrowings

9,207

-

Other borrowings

-

44

9,207

44

10

Dividends

Interim dividends paid

   

2023
£

 

2022
£

Interim dividend of £148.15 (2022 - £360.00) per each Ordinary

 

14,815

 

36,000

         

11

Related party transactions

 

Roy All Flooring Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

20,088

10,383

 

Roy All Flooring Limited

Detailed Profit and Loss Account for the Year Ended 30 September 2023

2023
 £

2022
 £

Turnover

Sale of goods, UK

206,985

274,023

Cost of sales

Materials

85,572

120,707

Subcontract cost

48,944

60,073

Consumable tools

14,382

274

Waste Disposal

2,518

2,957

151,416

184,011

Distribution costs

Freight and carriage

165

-

Employment costs

Directors remuneration

(20,088)

(10,383)

Directors NIC (Employers)

(1,055)

(96)

Staff training

(315)

(829)

(21,458)

(11,308)

Establishment costs

Rent

(6,962)

(6,762)

Light, heat and power

(1,290)

(889)

Insurance

(1,149)

(740)

(9,401)

(8,391)

General administrative expenses

Protective clothing

-

(107)

Telephone and fax

(774)

(561)

Mobile

(693)

(621)

Office expenses

-

(90)

Printing, postage and stationery

(65)

-

Motor expenses

(2,787)

(6,449)

Car hire and leasing expenses (Spot hire)

-

(751)

Travel and subsistence

(412)

-

Advertising

(351)

(380)

Customer entertaining (disallowable for tax)

(29)

(77)

Payroll

(833)

(270)

Bookkeeping

(2,500)

(750)

Accountancy fees

(2,000)

-

Legal and professional fees

(789)

(300)

(11,233)

(10,356)

 

Roy All Flooring Limited

Detailed Profit and Loss Account for the Year Ended 30 September 2023

2023
 £

2022
 £

Finance charges

Bank charges

(146)

(14)

Finance charges

-

(3,330)

(146)

(3,344)

Depreciation costs

Depreciation of plant and machinery (owned)

(1,864)

(1,370)

Depreciation of motor vehicles (owned)

(964)

(1,286)

(2,828)

(2,656)

Operating profit

10,338

53,957

Interest payable and similar charges

Bank loan interest payable

528

1,427

Other interest payable

282

39

810

1,466

Profit before tax

9,528

52,491