Company Registration No. 09406405 (England and Wales)
Floor Restorer Limited
Unaudited accounts
for the year ended 31 March 2023
Floor Restorer Limited
Unaudited accounts
Contents
Floor Restorer Limited
Company Information
for the year ended 31 March 2023
Company Number
09406405 (England and Wales)
Registered Office
Optimum Professional Services
160 Ermin Street
Swindon
Wiltshire
SN3 4NE
United Kingdom
Accountants
Regulatory Accounting Ltd
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE
Floor Restorer Limited
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
(11,438)
(9,503)
Creditors: amounts falling due within one year
(18,948)
(36,173)
Net current liabilities
(19,605)
(18,679)
Total assets less current liabilities
(19,605)
(18,439)
Creditors: amounts falling due after more than one year
(12,594)
-
Net liabilities
(32,199)
(18,439)
Called up share capital
2
2
Profit and loss account
(32,201)
(18,441)
Shareholders' funds
(32,199)
(18,439)
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 director acknowledges his 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 and authorised for issue on 31 January 2024 and were signed on its behalf by
Tom Barnard
Director
Company Registration No. 09406405
Floor Restorer Limited
Notes to the Accounts
for the year ended 31 March 2023
Floor Restorer Limited is a private company, limited by shares, registered in England and Wales, registration number 09406405. The registered office is Optimum Professional Services, 160 Ermin Street, Swindon, Wiltshire, SN3 4NE, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
The directors have confirmed that they will continue to give financial support to the company until such time as its position improves. In addition the directors have confirmed that they will not recall their loans within 12 months. The directors consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support were withdrawn.
The decision to draw a dividend during the year was based on the profit for the period improving. However due to the reduced sales at the year end this has resulted in a loss being made.
Floor Restorer Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Charge for the year
10,240
Amounts falling due within one year
Trade debtors
5,916
23,698
Accrued income and prepayments
282
-
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,000
20,000
Taxes and social security
3,729
15,117
Loans from directors
4,639
-
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).