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REGISTERED NUMBER: 07617309 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

MIKE THELWELL FLOORING LTD

MIKE THELWELL FLOORING LTD (REGISTERED NUMBER: 07617309)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

MIKE THELWELL FLOORING LTD

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M S Thelwell
Mrs L L Thelwell





REGISTERED OFFICE: Unit 27 Canal Bridge Enterprise Centre
Meadow Lane
Ellesmere Port
Cheshire
CH65 4EH





REGISTERED NUMBER: 07617309 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

MIKE THELWELL FLOORING LTD (REGISTERED NUMBER: 07617309)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 173,746 103,621

CURRENT ASSETS
Stocks 20,459 10,300
Debtors 5 702,497 603,339
Cash at bank 433,948 487,393
1,156,904 1,101,032
CREDITORS
Amounts falling due within one year 6 412,426 282,677
NET CURRENT ASSETS 744,478 818,355
TOTAL ASSETS LESS CURRENT LIABILITIES 918,224 921,976

CREDITORS
Amounts falling due after more than one year 7 12,515 23,349
NET ASSETS 905,709 898,627

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 9 905,699 898,617
SHAREHOLDERS' FUNDS 905,709 898,627

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

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





M S Thelwell - Director


MIKE THELWELL FLOORING LTD (REGISTERED NUMBER: 07617309)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Mike Thelwell Flooring 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.

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 etc - 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 3 (2023 - 3 ) .

MIKE THELWELL FLOORING LTD (REGISTERED NUMBER: 07617309)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 227,513
Additions 128,166
At 30 June 2024 355,679
DEPRECIATION
At 1 July 2023 123,892
Charge for year 58,041
At 30 June 2024 181,933
NET BOOK VALUE
At 30 June 2024 173,746
At 30 June 2023 103,621

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 530,492 457,928
Other debtors 172,005 145,411
702,497 603,339

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 325,293 202,141
Taxation and social security 26,180 69,728
Other creditors 50,953 808
412,426 282,677

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 9,925 20,759
Other creditors 2,590 2,590
12,515 23,349

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
5 Ordinary £1 5 5
5 Ordinary 'A' £1 5 5
10 10

MIKE THELWELL FLOORING LTD (REGISTERED NUMBER: 07617309)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. RESERVES
Retained
earnings
£   

At 1 July 2023 898,617
Profit for the year 97,082
Dividends (90,000 )
At 30 June 2024 905,699

10. ULTIMATE CONTROLLING PARTY

The controlling party is M S Thelwell.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Mike Thelwell Flooring Ltd (Registered number: 07617309)

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Mike Thelwell Flooring Ltd for the year ended 30 June 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Mike Thelwell Flooring Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mike Thelwell Flooring Ltd and state those matters that we have agreed to state to the Board of Directors of Mike Thelwell Flooring Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mike Thelwell Flooring Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mike Thelwell Flooring 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 profit of Mike Thelwell Flooring Ltd. You consider that Mike Thelwell Flooring 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 Mike Thelwell Flooring 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.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


21 August 2024