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FIT RIGHT FLOORINGS LTD

Registered Number
11410630
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

FIT RIGHT FLOORINGS LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

LISTON, Jackie Ron

Registered Address

11 Walpole Close
East Malling
ME19 6SX

Registered Number

11410630 (England and Wales)
FIT RIGHT FLOORINGS LTD
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets328,618-
28,618-
Current assets
Debtors12,36728,470
Cash at bank and on hand13,3367,989
25,70336,459
Creditors amounts falling due within one year4(11,770)(19,093)
Net current assets (liabilities)13,93317,366
Total assets less current liabilities42,55117,366
Creditors amounts falling due after one year5(41,376)(15,410)
Net assets1,1751,956
Capital and reserves
Called up share capital100100
Profit and loss account1,0751,856
Shareholders' funds1,1751,956
The financial statements were approved and authorised for issue by the Director on 21 August 2024, and are signed on its behalf by:
LISTON, Jackie Ron
Director
Registered Company No. 11410630
FIT RIGHT FLOORINGS LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings4
Vehicles4
Office Equipment4
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Vehicles

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 July 2316,99991655418,469
Additions49,255-1,83651,091
Disposals(26,699)--(26,699)
At 30 June 2439,5559162,39042,861
Depreciation and impairment
At 01 July 2316,99991655418,469
Charge for year12,314-45912,773
On disposals(16,999)--(16,999)
At 30 June 2412,3149161,01314,243
Net book value
At 30 June 2427,241-1,37728,618
At 30 June 23----
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,975-
Taxation and social security7,69617,593
Other creditors599-
Accrued liabilities and deferred income1,5001,500
Total11,77019,093
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts10,45815,410
Other creditors30,918-
Total41,37615,410
6.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts30,917-
7.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
LISTON, Jackie Ron(2,379)0(2,574)195
(2,379)0(2,574)195
8.Controlling party
The controlling party is Mr J Liston.