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REGISTERED NUMBER: 12456965 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

FLOOR DESIGN LIMITED

FLOOR DESIGN LIMITED (REGISTERED NUMBER: 12456965)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FLOOR DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mr A J Lech
Mrs C A Lech
Mr M Lech





REGISTERED OFFICE: 19-21 North Street
Wetherby
West Yorkshire
LS22 6NU





REGISTERED NUMBER: 12456965 (England and Wales)





ACCOUNTANTS: Temporal Lennon & Company Limited
Chartered Accountants
Suite 1
1 The Crescent
Adel
Leeds
West Yorkshire
LS16 6AA

FLOOR DESIGN LIMITED (REGISTERED NUMBER: 12456965)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 263,508 297,876
Tangible assets 5 12,131 15,053
275,639 312,929

CURRENT ASSETS
Stocks 21,000 22,000
Debtors 6 17,844 31,260
Cash at bank and in hand 354,570 302,589
393,414 355,849
CREDITORS
Amounts falling due within one year 7 585,543 584,941
NET CURRENT LIABILITIES (192,129 ) (229,092 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,510

83,837

PROVISIONS FOR LIABILITIES 3,033 2,860
NET ASSETS 80,477 80,977

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 80,377 80,877
80,477 80,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 17 July 2024 and were signed on its behalf by:





Mrs C A Lech - Director


FLOOR DESIGN LIMITED (REGISTERED NUMBER: 12456965)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Floor Design 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures fittings & equipment - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% 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.

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.

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 5 (2023 - 5 ) .

FLOOR DESIGN LIMITED (REGISTERED NUMBER: 12456965)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 343,700
AMORTISATION
At 1 March 2023 45,824
Charge for year 34,368
At 29 February 2024 80,192
NET BOOK VALUE
At 29 February 2024 263,508
At 28 February 2023 297,876

5. TANGIBLE FIXED ASSETS
Fixtures
fittings Motor Computer
& equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 15,336 5,000 560 20,896
Additions 669 - 266 935
At 29 February 2024 16,005 5,000 826 21,831
DEPRECIATION
At 1 March 2023 3,934 1,667 242 5,843
Charge for year 2,414 1,250 193 3,857
At 29 February 2024 6,348 2,917 435 9,700
NET BOOK VALUE
At 29 February 2024 9,657 2,083 391 12,131
At 28 February 2023 11,402 3,333 318 15,053

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 9,490 26,942
Other debtors 8,354 4,318
17,844 31,260

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 82,210 52,687
Taxation and social security 40,386 44,651
Other creditors 462,947 487,603
585,543 584,941

FLOOR DESIGN LIMITED (REGISTERED NUMBER: 12456965)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
29.2.24 28.2.23
£    £   
Within one year 1,356 -
Between one and five years - 4,611
1,356 4,611