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Company Registration No. 07931964 (England and Wales)
Floored By Ian Ltd Unaudited accounts for the year ended 31 March 2023
Floored By Ian Ltd Unaudited accounts Contents
Page
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Floored By Ian Ltd Company Information for the year ended 31 March 2023
Directors
Ian Robert McLachlan Harry McLachlan
Company Number
07931964 (England and Wales)
Registered Office
194 HOWITTS GARDENS EYNESBURY ST. NEOTS PE19 2NW
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Floored By Ian Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
42,612 
34,056 
Current assets
Inventories
15,986 
19,486 
Debtors
103,794 
96,638 
Cash at bank and in hand
17,089 
14,370 
136,869 
130,494 
Creditors: amounts falling due within one year
(90,712)
(72,785)
Net current assets
46,157 
57,709 
Total assets less current liabilities
88,769 
91,765 
Creditors: amounts falling due after more than one year
(20,000)
(20,000)
Net assets
68,769 
71,765 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
68,669 
71,665 
Shareholders' funds
68,769 
71,765 
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2023 and were signed on its behalf by
Ian Robert McLachlan Director Company Registration No. 07931964
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Floored By Ian Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Floored By Ian Ltd is a private company, limited by shares, registered in England and Wales, registration number 07931964. The registered office is 194 HOWITTS GARDENS, EYNESBURY, ST. NEOTS, PE19 2NW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight Line over 10 years
Motor vehicles
Straight Line over 5 years
Fixtures & fittings
Straight Line over 5 years
Computer equipment
Straight Line over 3 years
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2022
50,000 
1,464 
14,223 
13,993 
79,680 
Additions
- 
- 
17,359 
- 
17,359 
At 31 March 2023
50,000 
1,464 
31,582 
13,993 
97,039 
Depreciation
At 1 April 2022
25,000 
527 
10,064 
10,033 
45,624 
Charge for the year
- 
422 
4,858 
3,523 
8,803 
At 31 March 2023
25,000 
949 
14,922 
13,556 
54,427 
Net book value
At 31 March 2023
25,000 
515 
16,660 
437 
42,612 
At 31 March 2022
25,000 
937 
4,159 
3,960 
34,056 
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Floored By Ian Ltd Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
101,507 
96,638 
Other debtors
2,287 
- 
103,794 
96,638 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
6,825 
9,629 
Obligations under finance leases and hire purchase contracts
9,592 
- 
Trade creditors
35,639 
23,910 
Taxes and social security
11,680 
15,755 
Other creditors
363 
636 
Loans from directors
26,613 
22,855 
90,712 
72,785 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
20,000 
20,000 
8
Average number of employees
During the year the average number of employees was 9 (2022: 9).
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