Registration number:
Roy All Flooring Limited
for the Year Ended 30 September 2023
Roy All Flooring Limited
Contents
Company Information |
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Director's Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
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Detailed Profit and Loss Account |
Roy All Flooring Limited
Company Information
Director |
Mr Roy Hill |
Company secretary |
Welch Company Services Limited |
Registered office |
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Accountants |
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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:
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
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Roy All Flooring Limited
(Registration number: 12228887)
Balance Sheet as at 30 September 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
- |
6,559 |
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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:
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• |
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
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Roy All Flooring Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
England
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
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Profit before tax |
Arrived at after charging/(crediting)
2023 |
2022 |
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Depreciation expense |
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Roy All Flooring Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023
Tangible assets |
Motor vehicles |
Other tangible assets |
Total |
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Cost or valuation |
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At 1 October 2022 |
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Additions |
- |
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At 30 September 2023 |
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Depreciation |
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At 1 October 2022 |
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Charge for the year |
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At 30 September 2023 |
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Carrying amount |
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At 30 September 2023 |
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At 30 September 2022 |
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Debtors |
Current |
2023 |
2022 |
Trade debtors |
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Prepayments |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2022 |
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Due within one year |
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Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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- |
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Other creditors |
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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 |
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Due after one year |
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Loans and borrowings |
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Share capital |
Loans and borrowings |
2023 |
2022 |
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Non-current loans and borrowings |
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Bank borrowings |
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2023 |
2022 |
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Current loans and borrowings |
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Bank borrowings |
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- |
Other borrowings |
- |
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Dividends |
Interim dividends paid
2023 |
2022 |
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Interim dividend of £ |
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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 |
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Remuneration |
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Roy All Flooring Limited
Detailed Profit and Loss Account for the Year Ended 30 September 2023
2023 |
2022 |
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Turnover |
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Sale of goods, UK |
206,985 |
274,023 |
Cost of sales |
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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 |
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Distribution costs |
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Freight and carriage |
165 |
- |
Employment costs |
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Directors remuneration |
(20,088) |
(10,383) |
Directors NIC (Employers) |
(1,055) |
(96) |
Staff training |
(315) |
(829) |
(21,458) |
(11,308) |
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Establishment costs |
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Rent |
(6,962) |
(6,762) |
Light, heat and power |
(1,290) |
(889) |
Insurance |
(1,149) |
(740) |
(9,401) |
(8,391) |
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General administrative expenses |
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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 |
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Finance charges |
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Bank charges |
(146) |
(14) |
Finance charges |
- |
(3,330) |
(146) |
(3,344) |
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Depreciation costs |
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Depreciation of plant and machinery (owned) |
(1,864) |
(1,370) |
Depreciation of motor vehicles (owned) |
(964) |
(1,286) |
(2,828) |
(2,656) |
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Operating profit |
10,338 |
53,957 |
Interest payable and similar charges |
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Bank loan interest payable |
528 |
1,427 |
Other interest payable |
282 |
39 |
810 |
1,466 |
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Profit before tax |
9,528 |
52,491 |