IRIS Accounts Production v23.4.0.336 04607578 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046075782023-01-31046075782024-01-31046075782023-02-012024-01-31046075782022-01-31046075782022-02-012023-01-31046075782023-01-3104607578ns15:EnglandWales2023-02-012024-01-3104607578ns14:PoundSterling2023-02-012024-01-3104607578ns10:Director12023-02-012024-01-3104607578ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3104607578ns10:SmallEntities2023-02-012024-01-3104607578ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3104607578ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3104607578ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3104607578ns10:FullAccounts2023-02-012024-01-3104607578ns10:Director22023-02-012024-01-3104607578ns10:Director32023-02-012024-01-3104607578ns10:RegisteredOffice2023-02-012024-01-3104607578ns5:CurrentFinancialInstruments2024-01-3104607578ns5:CurrentFinancialInstruments2023-01-3104607578ns5:Non-currentFinancialInstruments2024-01-3104607578ns5:Non-currentFinancialInstruments2023-01-3104607578ns5:ShareCapital2024-01-3104607578ns5:ShareCapital2023-01-3104607578ns5:RetainedEarningsAccumulatedLosses2024-01-3104607578ns5:RetainedEarningsAccumulatedLosses2023-01-3104607578ns5:LongLeaseholdAssetsns5:LandBuildings2023-01-3104607578ns5:PlantMachinery2023-01-3104607578ns5:MotorVehicles2023-01-3104607578ns5:ComputerEquipment2023-01-3104607578ns5:LongLeaseholdAssetsns5:LandBuildings2023-02-012024-01-3104607578ns5:PlantMachinery2023-02-012024-01-3104607578ns5:MotorVehicles2023-02-012024-01-3104607578ns5:ComputerEquipment2023-02-012024-01-3104607578ns5:LongLeaseholdAssetsns5:LandBuildings2024-01-3104607578ns5:PlantMachinery2024-01-3104607578ns5:MotorVehicles2024-01-3104607578ns5:ComputerEquipment2024-01-3104607578ns5:LongLeaseholdAssetsns5:LandBuildings2023-01-3104607578ns5:PlantMachinery2023-01-3104607578ns5:MotorVehicles2023-01-3104607578ns5:ComputerEquipment2023-01-3104607578ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3104607578ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3104607578ns5:Secured2024-01-3104607578ns5:Secured2023-01-31
REGISTERED NUMBER: 04607578 (England and Wales)






















Zircon Flooring Limited

Unaudited Financial Statements for the Year Ended 31 January 2024






Zircon Flooring Limited (Registered number: 04607578)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Zircon Flooring Limited

Company Information
for the year ended 31 January 2024







DIRECTORS: S Draper
J L Draper
K Draper





REGISTERED OFFICE: Unit 1
Starcarr Lane
Brandesburton
Driffield
East Yorkshire
YO25 8RT





REGISTERED NUMBER: 04607578 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Zircon Flooring Limited (Registered number: 04607578)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 365,755 343,919

CURRENT ASSETS
Stocks 80,000 44,000
Debtors 5 383,717 186,275
Cash at bank 70,475 146,986
534,192 377,261
CREDITORS
Amounts falling due within one year 6 314,664 179,551
NET CURRENT ASSETS 219,528 197,710
TOTAL ASSETS LESS CURRENT
LIABILITIES

585,283

541,629

CREDITORS
Amounts falling due after more than one
year

7

(38,463

)

(92,451

)

PROVISIONS FOR LIABILITIES (89,507 ) (83,882 )
NET ASSETS 457,313 365,296

CAPITAL AND RESERVES
Called up share capital 1,950 1,950
Retained earnings 455,363 363,346
SHAREHOLDERS' FUNDS 457,313 365,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Zircon Flooring Limited (Registered number: 04607578)

Balance Sheet - continued
31 January 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2024 and were signed on its behalf by:





S Draper - Director


Zircon Flooring Limited (Registered number: 04607578)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Zircon Flooring 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on installation of the goods.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from the rendering of services is recognised by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Leases
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Land and buildings- 10% on cost

Plant and machinery etc
- 15%-25% reducing balance and 33% on
cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.


Zircon Flooring Limited (Registered number: 04607578)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Hire purchase and leasing commitments
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Pension costs and other post-retirement benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for the service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Debtor and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Zircon Flooring Limited (Registered number: 04607578)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Leasehold
buildings Plant and Motor Computer
improvements machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 67,314 130,607 359,131 17,328 574,380
Additions - 67,048 34,990 12,788 114,826
Disposals - - (43,063 ) - (43,063 )
At 31 January 2024 67,314 197,655 351,058 30,116 646,143
DEPRECIATION
At 1 February 2023 65,770 67,819 81,093 15,779 230,461
Charge for year 252 11,961 66,452 1,261 79,926
Eliminated on disposal - - (29,999 ) - (29,999 )
At 31 January 2024 66,022 79,780 117,546 17,040 280,388
NET BOOK VALUE
At 31 January 2024 1,292 117,875 233,512 13,076 365,755
At 31 January 2023 1,544 62,788 278,038 1,549 343,919


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 136,202 176,437
Other debtors 247,515 9,838
383,717 186,275

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,140 9,890
Hire purchase contracts 43,848 41,734
Trade creditors 138,508 32,904
Taxation and social security 67,442 70,986
Other creditors 54,726 24,037
314,664 179,551

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,806 24,946
Hire purchase contracts 23,657 67,505
38,463 92,451

Zircon Flooring Limited (Registered number: 04607578)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 24,946 34,836
Hire purchase contracts 67,505 109,239
92,451 144,075

The bank overdraft and bank loan are secured by a debenture over the assets of the company. Hire purchase contracts are secured on the asset to which the agreements relate.

9. COMMITMENTS, GUARANTEES AND CONTINGENCIES

Total commitments under non-cancellable operating leases not provided for in the accounts amounted to £76,449 (2023: £103,029).

The company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the company in an independently administered fund. Included in other creditors are unpaid contributions due to the fund of £400 (2023: £nil).