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REGISTERED NUMBER: 09846242 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

SALISBURY WOOD FLOORS LTD

SALISBURY WOOD FLOORS LTD (REGISTERED NUMBER: 09846242)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

SALISBURY WOOD FLOORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: L T Hill





REGISTERED OFFICE: The Black Barn
Longford Farm
Bodenham
Salisbury
Wiltshire
SP5 4EZ





REGISTERED NUMBER: 09846242 (England and Wales)





ACCOUNTANTS: Wettone Matthews Limited
Chartered Certified Accountants
Market House
21 Lenten Street
Alton
GU34 1HG

SALISBURY WOOD FLOORS LTD (REGISTERED NUMBER: 09846242)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,914 6,552
Tangible assets 5 60,918 52,333
65,832 58,885

CURRENT ASSETS
Stocks 59,867 61,940
Debtors 6 63,125 42,214
Cash at bank 15,696 31,398
138,688 135,552
CREDITORS
Amounts falling due within one year 7 152,675 99,116
NET CURRENT (LIABILITIES)/ASSETS (13,987 ) 36,436
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,845

95,321

CREDITORS
Amounts falling due after more than one year 8 41,158 43,658
NET ASSETS 10,687 51,663

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 10,686 51,662
SHAREHOLDERS' FUNDS 10,687 51,663

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

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

SALISBURY WOOD FLOORS LTD (REGISTERED NUMBER: 09846242)

BALANCE SHEET - continued
31 OCTOBER 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 22 July 2024 and were signed by:





L T Hill - Director


SALISBURY WOOD FLOORS LTD (REGISTERED NUMBER: 09846242)

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


1. STATUTORY INFORMATION

Salisbury Wood Floors Ltd 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

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.

SALISBURY WOOD FLOORS LTD (REGISTERED NUMBER: 09846242)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 13 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2022
and 31 October 2023 8,190
AMORTISATION
At 1 November 2022 1,638
Charge for year 1,638
At 31 October 2023 3,276
NET BOOK VALUE
At 31 October 2023 4,914
At 31 October 2022 6,552

SALISBURY WOOD FLOORS LTD (REGISTERED NUMBER: 09846242)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 15,783 9,442 73,203 2,509 100,937
Additions 1,797 6,519 18,652 1,928 28,896
At 31 October 2023 17,580 15,961 91,855 4,437 129,833
DEPRECIATION
At 1 November 2022 11,007 2,514 33,359 1,724 48,604
Charge for year 1,647 3,360 14,625 679 20,311
At 31 October 2023 12,654 5,874 47,984 2,403 68,915
NET BOOK VALUE
At 31 October 2023 4,926 10,087 43,871 2,034 60,918
At 31 October 2022 4,776 6,928 39,844 785 52,333

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022 53,938
Additions 18,652
At 31 October 2023 72,590
DEPRECIATION
At 1 November 2022 16,663
Charge for year 13,982
At 31 October 2023 30,645
NET BOOK VALUE
At 31 October 2023 41,945
At 31 October 2022 37,275

SALISBURY WOOD FLOORS LTD (REGISTERED NUMBER: 09846242)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,749 26,846
Other debtors 8,370 11,259
Directors' loan account 1,630 -
Tax 1,956 2,302
VAT 29,719 -
Prepayments 4,701 1,807
63,125 42,214

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 13,002 13,368
Trade creditors 71,305 20,515
Tax 42,885 40,559
Pension 981 750
VAT - 14,470
Other creditors 15,562 -
Directors' loan account - 2,104
Accruals and deferred income 2,940 1,350
152,675 99,116

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 9,970 15,879
Hire purchase contracts 31,188 27,779
41,158 43,658

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 44,190 41,147

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SALISBURY WOOD FLOORS LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Salisbury Wood Floors Ltd for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Salisbury Wood Floors Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Salisbury Wood Floors Ltd and state those matters that we have agreed to state to the director of Salisbury Wood Floors Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Salisbury Wood Floors Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Salisbury Wood Floors Ltd. You consider that Salisbury Wood Floors Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Salisbury Wood Floors Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wettone Matthews Limited
Chartered Certified Accountants
Market House
21 Lenten Street
Alton
GU34 1HG


22 July 2024