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REGISTERED NUMBER: 05000093 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Traditional Wood Flooring (Uk) Ltd

Traditional Wood Flooring (Uk) Ltd (Registered number: 05000093)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Traditional Wood Flooring (Uk) Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: K Donnelly





SECRETARY: P Donnelly





REGISTERED OFFICE: 54 Ashbury Drive
Blackwater
Camberley
Surrey
GU17 9HH





REGISTERED NUMBER: 05000093 (England and Wales)





ACCOUNTANTS: Millward, May & Co
The Overhangs
55a Peach Street
Wokingham
Berkshire
RG40 1XP

Traditional Wood Flooring (Uk) Ltd (Registered number: 05000093)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 585 1,045

CURRENT ASSETS
Debtors 5 2,715 405
Cash at bank 2,762 6,489
5,477 6,894
CREDITORS
Amounts falling due within one year 6 4,845 2,858
NET CURRENT ASSETS 632 4,036
TOTAL ASSETS LESS CURRENT LIABILITIES 1,217 5,081

PROVISIONS FOR LIABILITIES 111 198
NET ASSETS 1,106 4,883

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,006 4,783
SHAREHOLDERS' FUNDS 1,106 4,883

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 20 February 2024 and were signed by:





K Donnelly - Director


Traditional Wood Flooring (Uk) Ltd (Registered number: 05000093)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Traditional Wood Flooring (Uk) Ltd 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.

Plant and machinery - 4 years straight line

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 1 (2022 - 1 ) .

Traditional Wood Flooring (Uk) Ltd (Registered number: 05000093)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023 3,537
Additions 130
Disposals (205 )
At 31 December 2023 3,462
DEPRECIATION
At 1 January 2023 2,492
Charge for year 539
Eliminated on disposal (154 )
At 31 December 2023 2,877
NET BOOK VALUE
At 31 December 2023 585
At 31 December 2022 1,045

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 2,715 405

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 402 1,105
Other creditors 4,443 1,753
4,845 2,858

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 2,880 2,880
Between one and five years 12,814 15,694
15,694 18,574

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

Traditional Wood Flooring (Uk) Ltd (Registered number: 05000093)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. RELATED PARTY DISCLOSURES

During the year the director maintained a loan account with the company. At the year end the director owed the company £1,425 (2022 - £10 owed to director). This loan is interest free, repayable on demand and shown within other debtors.