Registered number: 6655087 | ||||||||
FOR THE YEAR ENDED 31 JULY 2023 | ||||||||
Prepared By: | ||||||||
McMillan Rose & Co Ltd | ||||||||
Chartered Certified Accountants | ||||||||
Haltgate House | ||||||||
52A Hullbridge Road | ||||||||
South Woodham Ferrers | ||||||||
Essex | ||||||||
CM3 5NH |
FLOORLINES DIRECT LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 JULY 2023 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Essex | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 6655087 | ||||||||
ACCOUNTANTS | ||||||||
McMillan Rose & Co Ltd | ||||||||
Chartered Certified Accountants | ||||||||
Haltgate House | ||||||||
52A Hullbridge Road | ||||||||
South Woodham Ferrers | ||||||||
Essex | ||||||||
CM3 5NH |
FLOORLINES DIRECT LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 JULY 2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
FLOORLINES DIRECT LIMITED | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 3 | |||||||||
Tangible assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
257,613 | 180,373 | |||||||||
CREDITORS: Amounts falling due within one year | 7 | |||||||||
NET CURRENT LIABILITIES | ( | (34,209) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 8 | 17,064 | 18,976 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 10 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 11 | |||||||||
Profit and loss account | 57,368 | 55,638 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
............................. | ||||||||||
P Harley | ||||||||||
Director | ||||||||||
FLOORLINES DIRECT LIMITED | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 JULY 2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 25% | |||||||
Commercial Vehicles | reducing balance 25% | |||||||
Fixtures and Fittings | reducing balance 25% | |||||||
Equipment | reducing balance 25% | |||||||
Motor Cars | reducing balance 25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1e. Goodwill | ||||||||
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 5 | |||||
FLOORLINES DIRECT LIMITED | ||||||||
3. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 1 August 2022 | 60,000 | 60,000 | ||
At 31 July 2023 | 60,000 | 60,000 | ||
Depreciation | ||||
At 1 August 2022 | 14,850 | 14,850 | ||
For the year | 3,000 | 3,000 | ||
At 31 July 2023 | 17,850 | 17,850 | ||
Net Book Amounts | ||||
At 31 July 2023 | ||||
At 31 July 2022 | ||||
4. TANGIBLE FIXED ASSETS | ||||||
Land And | Plant and | |||||
Buildings | Machinery Etc. | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 August 2022 | 5,514 | 120,165 | 125,679 | |||
Additions | - | 8,344 | 8,344 | |||
Disposals | - | (2,187) | (2,187) | |||
At 31 July 2023 | 5,514 | 126,322 | 131,836 | |||
Depreciation | ||||||
At 1 August 2022 | 5,514 | 56,392 | 61,906 | |||
Disposals | - | (1,668) | (1,668) | |||
For the year | - | 17,900 | 17,900 | |||
At 31 July 2023 | 5,514 | 72,624 | 78,138 | |||
Net Book Amounts | ||||||
At 31 July 2023 | - | 53,698 | 53,698 | |||
At 31 July 2022 | - | 63,773 | 63,773 | |||
5. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock of finished goods | ||||||
FLOORLINES DIRECT LIMITED | ||||||||
6. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Trade debtors | 48,588 | 58,941 | ||||||
Other debtors | 1,339 | 2,122 | ||||||
49,927 | 61,063 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Trade creditors | 97,327 | 57,477 | ||||||
Taxation and social security | 75,381 | 59,621 | ||||||
Other creditors | 97,242 | 97,484 | ||||||
269,950 | 214,582 | |||||||
Included within other creditors are obligations under finance leases | 1,722 | 1,531 | ||||||
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Other creditors | 17,064 | 18,976 | ||||||
17,064 | 18,976 | |||||||
Included in other creditors are: | ||||||||
Obligations under finance leases | 17,064 | 18,976 | ||||||
9. SECURED CREDITORS | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Amount of other creditors which are secured | 18,786 | 20,507 | ||||||
Assets held on finance arrangements are secured on the assets concerned. | ||||||||
FLOORLINES DIRECT LIMITED | ||||||||
10. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 8,979 | - | ||||||
8,979 | - | |||||||
11. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
12. OTHER FINANCIAL COMMITMENTS | ||||||||
At 31 July 2023 the company was committed to making the following payments under non-cancellable operating leases: | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Operating leases | 13,646 | 3,610 | ||||||