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REGISTERED NUMBER: 04693069 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Floor Design (IW) Limited

Floor Design (IW) Limited (Registered number: 04693069)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Floor Design (IW) Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: D Watkins
Mrs D Watkins
S T Watkins



SECRETARY: Mrs D Watkins



REGISTERED OFFICE: 16c Sandown Road
Lake
Isle of Wight
PO36 9JP



REGISTERED NUMBER: 04693069 (England and Wales)



ACCOUNTANTS: Allegri & Co.
16c Sandown Road
Lake
Isle of Wight
PO36 9JP



BANKERS: HSBC
61 High Street
Sandown
Isle of Wight
PO36 8AA

Floor Design (IW) Limited (Registered number: 04693069)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 474,099 475,878

CURRENT ASSETS
Stocks 40,000 40,000
Debtors 5 65,984 65,914
Cash at bank 90,301 22,349
196,285 128,263
CREDITORS
Amounts falling due within one year 6 128,891 76,187
NET CURRENT ASSETS 67,394 52,076
TOTAL ASSETS LESS CURRENT
LIABILITIES

541,493

527,954

CREDITORS
Amounts falling due after more than one year 7 295,742 308,259
NET ASSETS 245,751 219,695

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 245,651 219,595
SHAREHOLDERS' FUNDS 245,751 219,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Floor Design (IW) Limited (Registered number: 04693069)

Balance Sheet - continued
30 June 2023


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 Board of Directors and authorised for issue on 2 February 2024 and were signed on its behalf by:





D Watkins - Director


Floor Design (IW) Limited (Registered number: 04693069)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Floor Design (IW) Limited 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 etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Floor Design (IW) Limited (Registered number: 04693069)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 451,586 45,339 496,925
DEPRECIATION
At 1 July 2022 - 21,047 21,047
Charge for year - 1,779 1,779
At 30 June 2023 - 22,826 22,826
NET BOOK VALUE
At 30 June 2023 451,586 22,513 474,099
At 30 June 2022 451,586 24,292 475,878

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 65,984 65,914

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 18,602 11,811
Taxation and social security 21,961 (4,539 )
Other creditors 88,328 68,915
128,891 76,187

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Other creditors 295,742 308,259

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 190,098 190,098