Company Registration No. 06728261 (England and Wales)
Woodfloors 4 you Limited
Unaudited accounts
for the year ended 31 October 2023
Woodfloors 4 you Limited
Unaudited accounts
Contents
Woodfloors 4 you Limited
Company Information
for the year ended 31 October 2023
Secretary
Njomeza Loshi Grapci
Company Number
06728261 (England and Wales)
Registered Office
Flat 15 Oakview Lodge
Beechcroft Avenue
London
Greater London
NW11 8BL
Accountants
Solid Ltd
Eagle House
163 City Road
London
EC1V 1NR
Woodfloors 4 you Limited
Statement of financial position
as at 31 October 2023
Tangible assets
74,334
42,673
Cash at bank and in hand
38,788
15,240
Creditors: amounts falling due within one year
(403,908)
(374,405)
Net current assets
561,143
601,214
Total assets less current liabilities
635,477
643,887
Creditors: amounts falling due after more than one year
(15,269)
(25,352)
Provisions for liabilities
Deferred tax
(3,062)
(3,062)
Net assets
617,146
615,473
Called up share capital
1
1
Profit and loss account
617,145
615,472
Shareholders' funds
617,146
615,473
For the year ending 31 October 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 23 July 2024 and were signed on its behalf by
Valon Grapci
Director
Company Registration No. 06728261
Woodfloors 4 you Limited
Notes to the Accounts
for the year ended 31 October 2023
Woodfloors 4 you Limited is a private company, limited by shares, registered in England and Wales, registration number 06728261. The registered office is Flat 15 Oakview Lodge, Beechcroft Avenue, London, Greater London, NW11 8BL.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20% Straight line
Motor vehicles
20% straight line
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Woodfloors 4 you Limited
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
25,400
109,470
-
134,870
Additions
1,388
54,750
5,562
61,700
Disposals
-
(23,750)
-
(23,750)
At 31 October 2023
26,788
140,470
5,562
172,820
At 1 November 2022
24,329
67,868
-
92,197
Charge for the year
640
4,943
706
6,289
At 31 October 2023
24,969
72,811
706
98,486
At 31 October 2023
1,819
67,659
4,856
74,334
At 31 October 2022
1,071
41,602
-
42,673
Amounts falling due within one year
Trade debtors
2,811
136,425
Amounts due from group undertakings etc.
919,566
780,216
Accrued income and prepayments
1,389
-
Other debtors
2,497
43,738
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
25,987
31,562
Taxes and social security
263,062
224,659
Other creditors
24,447
18,640
Loans from directors
28,520
14,097
7
Creditors: amounts falling due after more than one year
2023
2022
BBL loan backed by 100% government guarantee and financing of first year's interest by means of government grant.
Woodfloors 4 you Limited
Notes to the Accounts
for the year ended 31 October 2023
8
Transactions with related parties
VAV INVESTMENTS LIMITED
Valon Grapci the Director and owner of Woodfloors 4 You Limited is also a Director and shareholder in VAV INVESTMENTS LIMITED (Company number 13627737). Woodfloors 4 You Limited made a loan to VAV INVESTMENTS LIMITED. The loan outstanding at the year end was £919,566; 2022: £780,216.
9
Average number of employees
During the year the average number of employees was 9 (2022: 8).