Registered number
08533380
UK Flooring Distribution Ltd
Filleted Accounts
31 May 2023
UK Flooring Distribution Ltd
Registered number: 08533380
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 50,391 65,468
Current assets
Stocks 170,394 197,433
Debtors 4 154,963 162,248
Cash at bank and in hand 776,417 667,419
1,101,774 1,027,100
Creditors: amounts falling due within one year 5 (204,380) (230,860)
Net current assets 897,394 796,240
Total assets less current liabilities 947,785 861,708
Creditors: amounts falling due after more than one year 6 (8,025) (18,283)
Net assets 939,760 843,425
Capital and reserves
Called up share capital 2 2
Profit and loss account 939,758 843,423
Shareholders' funds 939,760 843,425
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T Booth
Director
Approved by the board on 25 June 2023
UK Flooring Distribution Ltd
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 15% on reducing balance
Motor vehicles 25% on reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
Taxation represents the sum of tax currently payable.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2022 34,890 118,247 153,137
At 31 May 2023 34,890 118,247 153,137
Depreciation
At 1 June 2022 21,995 65,674 87,669
Charge for the year 1,934 13,143 15,077
At 31 May 2023 23,929 78,817 102,746
Net book value
At 31 May 2023 10,961 39,430 50,391
At 31 May 2022 12,895 52,573 65,468
4 Debtors 2023 2022
£ £
Trade debtors 134,602 136,356
Other debtors 20,361 25,892
154,963 162,248
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 10,257 10,257
Trade creditors 109,178 143,883
Taxation and social security costs 65,431 58,873
Other creditors 19,514 17,847
204,380 230,860
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 8,025 18,283
7 Other information
UK Flooring Distribution Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4
Milland Road Industrial Estate
Neath
Wales
SA11 1NJ
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