6655087falsethe sale of carpets and flooring2022-08-012023-07-31http://www.companieshouse.gov.uk/2022-07-31http://www.companieshouse.gov.uk/cd:CompanySecretary12022-08-012023-07-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-07-31http://www.companieshouse.gov.uk/cd:Director12022-08-012023-07-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-07-31http://www.companieshouse.gov.uk/cd:Director22022-08-012023-07-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-08-012023-07-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-08-012023-07-31http://www.companieshouse.gov.uk/pt:NetGoodwill2022-07-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-07-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-08-012023-07-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-07-31http://www.companieshouse.gov.uk/pt:NetGoodwill2022-08-012023-07-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-07-31http://www.companieshouse.gov.uk/2022-08-012023-07-31http://www.companieshouse.gov.uk/2022-07-31http://www.companieshouse.gov.uk/cd:FRS1022022-08-012023-07-31http://www.companieshouse.gov.uk/2023-07-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-08-012023-07-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-08-012023-07-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 6655087
FLOORLINES DIRECT LIMITED
ACCOUNTS
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
D Harley
P Harley
SECRETARY
D Harley
REGISTERED OFFICE
Perth House
Wash Road
Hutton
Essex
CM13 1TA
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 Sheet3
Notes To The Accounts4
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 31 July 2023
20232022
Notes££
FIXED ASSETS
Intangible assets342,15045,150
Tangible assets453,69863,773
95,848108,923
CURRENT ASSETS
Stock77,51071,769
Debtors649,92761,063
Cash at bank and in hand130,17647,541
257,613180,373
CREDITORS: Amounts falling due within one year7269,950214,582
NET CURRENT LIABILITIES(12,337)(34,209)
TOTAL ASSETS LESS CURRENT LIABILITIES83,51174,714
CREDITORS: Amounts falling due after more than one year817,06418,976
PROVISIONS FOR LIABILITIES AND CHARGES108,979-
NET ASSETS57,46855,738
CAPITAL AND RESERVES
Called up share capital11100100
Profit and loss account57,36855,638
SHAREHOLDERS' FUNDS57,46855,738
For the year ending 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 10 April 2024 and signed on their behalf by
.............................
D Harley
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 25%
Equipmentreducing balance 25%
Motor Carsreducing 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
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. EMPLOYEES
20232022
No.No.
Average number of employees55
FLOORLINES DIRECT LIMITED
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 1 August 202260,00060,000
At 31 July 202360,00060,000
Depreciation
At 1 August 202214,85014,850
For the year3,0003,000
At 31 July 202317,85017,850
Net Book Amounts
At 31 July 202342,15042,150
At 31 July 202245,15045,150
4. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachinery Etc.Total
£££
Cost
At 1 August 20225,514120,165125,679
Additions-8,3448,344
Disposals-(2,187)(2,187)
At 31 July 20235,514126,322131,836
Depreciation
At 1 August 20225,51456,39261,906
Disposals-(1,668)(1,668)
For the year-17,90017,900
At 31 July 20235,51472,62478,138
Net Book Amounts
At 31 July 2023-53,69853,698
At 31 July 2022-63,77363,773
5. STOCK 20232022
££
Stock comprises:
Stock of finished goods77,51071,769
77,51071,769
FLOORLINES DIRECT LIMITED
6. DEBTORS 20232022
££
Amounts falling due within one year:
Trade debtors48,58858,941
Other debtors1,3392,122
49,92761,063
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Trade creditors97,32757,477
Taxation and social security75,38159,621
Other creditors97,24297,484
269,950214,582
Included within other creditors are obligations under finance leases1,7221,531
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Other creditors17,06418,976
17,06418,976
Included in other creditors are:
Obligations under finance leases17,06418,976
9. SECURED CREDITORS
20232022
££
Amount of other creditors which are secured18,78620,507
Assets held on finance arrangements are secured on the assets concerned.
FLOORLINES DIRECT LIMITED
10. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation8,979-
8,979-
11. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
12. OTHER FINANCIAL COMMITMENTS
At 31 July 2023 the company was committed to making the following payments under non-cancellable operating leases:
20232022
££
Operating leases13,6463,610