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REGISTERED NUMBER: 01314314 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 30 June 2023

for

FLOORMASTER CARPETS LIMITED

FLOORMASTER CARPETS LIMITED (REGISTERED NUMBER: 01314314)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


FLOORMASTER CARPETS LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTORS: D A Dickinson
R A Dickinson



SECRETARY: R Dickinson



REGISTERED OFFICE: 573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



REGISTERED NUMBER: 01314314 (England and Wales)



ACCOUNTANTS: A K Papadamou & Co
Accountants & Tax Advisors
573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



BANKERS: Santander
Bridle Road
Bootle
Merseyside
L30 4GB

FLOORMASTER CARPETS LIMITED (REGISTERED NUMBER: 01314314)

Statement of Financial Position
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 419,899 420,759

CURRENT ASSETS
Stocks 21,744 21,503
Debtors 5 24,395 25,281
Prepayments and accrued income 5,263 8,653
Cash at bank and in hand 252,503 201,924
303,905 257,361
CREDITORS
Amounts falling due within one year 6 130,710 122,207
NET CURRENT ASSETS 173,195 135,154
TOTAL ASSETS LESS CURRENT
LIABILITIES

593,094

555,913

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 195,540 195,540
Retained earnings 397,454 360,273
SHAREHOLDERS' FUNDS 593,094 555,913

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.

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 15 December 2023 and were signed on its behalf by:




D A Dickinson - Director


FLOORMASTER CARPETS LIMITED (REGISTERED NUMBER: 01314314)

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

1. STATUTORY INFORMATION

Floormaster Carpets 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 as modified by the revaluation of certain assets.

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.
Freehold property - in accordance with the property
Improvements to property - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost

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

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 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Motor
property property fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 July 2022 410,000 65,672 13,951 20,920 510,543
Additions - 15,810 - - 15,810
At 30 June 2023 410,000 81,482 13,951 20,920 526,353
DEPRECIATION
At 1 July 2022 49,200 16,439 11,425 20,920 97,984
Charge for year - 8,148 322 - 8,470
At 30 June 2023 49,200 24,587 11,747 20,920 106,454
NET BOOK VALUE
At 30 June 2023 360,800 56,895 2,204 - 419,899
At 30 June 2022 360,800 49,233 2,526 - 412,559

FLOORMASTER CARPETS LIMITED (REGISTERED NUMBER: 01314314)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2023 is represented by:

Improvements Fixtures
Freehold to and Motor
property property fittings vehicles Totals
£    £    £    £    £   
Valuation in 2018 195,540 - - - 195,540
Cost 214,460 81,482 13,951 20,920 330,813
410,000 81,482 13,951 20,920 526,353

If freehold land and buildings had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 214,460 214,460

Freehold land and buildings were valued on an open market basis on 30 June 2018 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 24,395 25,281

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 18,310 20,642
Tax 13,022 21,454
Social security and other taxes 340 593
VAT 11,116 8,983
Directors' current accounts 85,858 69,438
Accruals and deferred income 2,064 1,097
130,710 122,207

7. RESERVES
Fair
value
reserve
£   
At 1 July 2022
and 30 June 2023 195,540

8. ULTIMATE CONTROLLING PARTY

The controlling party is D A Dickinson.