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REGISTERED NUMBER: 06899454 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BEST4FLOORING LIMITED

BEST4FLOORING LIMITED (REGISTERED NUMBER: 06899454)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEST4FLOORING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr P Humphries





REGISTERED OFFICE: 26 Berrycroft Lane
Romiley
Stockport
Cheshire
SK6 3AU





REGISTERED NUMBER: 06899454 (England and Wales)





ACCOUNTANTS: Anthony Wych & Co
26 Berrycroft Lane
Romiley
Stockport
Cheshire
SK6 3AU

BEST4FLOORING LIMITED (REGISTERED NUMBER: 06899454)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,018 31,526
Tangible assets 5 35,537 73,511
56,555 105,037

CURRENT ASSETS
Stocks 473,685 479,415
Debtors 6 52,143 54,846
Cash at bank 69,500 120,724
595,328 654,985
CREDITORS
Amounts falling due within one year 7 330,606 444,654
NET CURRENT ASSETS 264,722 210,331
TOTAL ASSETS LESS CURRENT
LIABILITIES

321,277

315,368

CREDITORS
Amounts falling due after more than one
year

8

(15,738

)

(25,601

)

PROVISIONS FOR LIABILITIES (1,115 ) (5,908 )
NET ASSETS 304,424 283,859

BEST4FLOORING LIMITED (REGISTERED NUMBER: 06899454)

BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 304,422 283,857
SHAREHOLDERS' FUNDS 304,424 283,859

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

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

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 8 August 2024 and were signed by:





Mr P Humphries - Director


BEST4FLOORING LIMITED (REGISTERED NUMBER: 06899454)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Best4Flooring 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.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 25% on reducing balance
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.

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 11 (2023 - 10 ) .

BEST4FLOORING LIMITED (REGISTERED NUMBER: 06899454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 April 2023
and 31 March 2024 71,361
AMORTISATION
At 1 April 2023 39,835
Amortisation for year 10,508
At 31 March 2024 50,343
NET BOOK VALUE
At 31 March 2024 21,018
At 31 March 2023 31,526

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 181,286 73,245 20,881 275,412
Additions 3,372 - 1,620 4,992
At 31 March 2024 184,658 73,245 22,501 280,404
DEPRECIATION
At 1 April 2023 125,288 60,123 16,490 201,901
Charge for year 31,846 6,561 4,559 42,966
At 31 March 2024 157,134 66,684 21,049 244,867
NET BOOK VALUE
At 31 March 2024 27,524 6,561 1,452 35,537
At 31 March 2023 55,998 13,122 4,391 73,511

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 217 3,592
Prepayments 51,926 51,254
52,143 54,846

BEST4FLOORING LIMITED (REGISTERED NUMBER: 06899454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 253,315 388,890
Social security and other taxes 5,897 3,976
VAT 45,129 36,845
Other creditors 1,407 741
Directors' current accounts 629 1,397
Accruals and deferred income 14,229 2,805
330,606 444,654

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,738 15,601
15,738 25,601