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REGISTERED NUMBER: SC423660 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

UNTOUCHABLES FLOORING CONTRACTORS LTD

UNTOUCHABLES FLOORING CONTRACTORS LTD (REGISTERED NUMBER: SC423660)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UNTOUCHABLES FLOORING CONTRACTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: R R Smith





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC423660 (Scotland)





ACCOUNTANTS: Cornerstone Glasgow Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

UNTOUCHABLES FLOORING CONTRACTORS LTD (REGISTERED NUMBER: SC423660)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,632 32,492

CURRENT ASSETS
Stocks 42,270 36,395
Debtors 5 41,464 17,158
Cash at bank 28,107 12,557
111,841 66,110
CREDITORS
Amounts falling due within one year 6 79,565 39,038
NET CURRENT ASSETS 32,276 27,072
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,908

59,564

CREDITORS
Amounts falling due after more than one
year

7

56,745

64,595
NET ASSETS/(LIABILITIES) 2,163 (5,031 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,162 (5,032 )
SHAREHOLDERS' FUNDS 2,163 (5,031 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

UNTOUCHABLES FLOORING CONTRACTORS LTD (REGISTERED NUMBER: SC423660)

BALANCE SHEET - continued
31 MAY 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 director and authorised for issue on 20 February 2024 and were signed by:





R W Smith - Director


UNTOUCHABLES FLOORING CONTRACTORS LTD (REGISTERED NUMBER: SC423660)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Untouchables Flooring Contractors Ltd is a private company, limited by shares , registered in Scotland. 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 - 15% on a reducing balance basis
Motor vehicles - 20% on a reducing balance basis
Computer equipment - 33% on a straight line basis

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 1 ) .

UNTOUCHABLES FLOORING CONTRACTORS LTD (REGISTERED NUMBER: SC423660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022
and 31 May 2023 15,200 27,325 870 43,395
DEPRECIATION
At 1 June 2022 2,280 7,753 870 10,903
Charge for year 1,938 3,922 - 5,860
At 31 May 2023 4,218 11,675 870 16,763
NET BOOK VALUE
At 31 May 2023 10,982 15,650 - 26,632
At 31 May 2022 12,920 19,572 - 32,492

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 41,464 17,158

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,556 5,556
Hire purchase contracts 3,141 3,141
Trade creditors 10,672 5,234
Taxation and social security 29,415 13,809
Other creditors 30,781 11,298
79,565 39,038

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 37,422 42,130
Hire purchase contracts 19,323 22,465
56,745 64,595