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REGISTERED NUMBER: 05461596 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CONTRACT FLOORING SERVICES (LONDON)
LIMITED

CONTRACT FLOORING SERVICES (LONDON)
LIMITED (REGISTERED NUMBER: 05461596)






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


CONTRACT FLOORING SERVICES (LONDON)
LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: W L McCallum
Mrs J McCallum
G McCallum





SECRETARY: Mrs J McCallum





REGISTERED OFFICE: 33 Castellan Avenue
Gidea Park
Romford
Essex
RM2 6EB





REGISTERED NUMBER: 05461596 (England and Wales)





ACCOUNTANTS: KNIGHT WHEELER LIMITED
Chartered Accountants
54 Sun Street
Waltham Abbey
Essex
EN9 1EJ

CONTRACT FLOORING SERVICES (LONDON)
LIMITED (REGISTERED NUMBER: 05461596)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,072 5,429
4,072 5,429

CURRENT ASSETS
Debtors 6 81,474 127,434

CREDITORS
Amounts falling due within one year 7 (71,744 ) (108,495 )
NET CURRENT ASSETS 9,730 18,939
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,802

24,368

CREDITORS
Amounts falling due after more than one
year

8

(8,688

)

(18,667

)

PROVISIONS FOR LIABILITIES (774 ) (1,031 )
NET ASSETS 4,340 4,670

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 4,238 4,568
SHAREHOLDERS' FUNDS 4,340 4,670

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 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.

CONTRACT FLOORING SERVICES (LONDON)
LIMITED (REGISTERED NUMBER: 05461596)

BALANCE SHEET - continued
31 March 2024


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 8 July 2024 and were signed on its behalf by:





W L McCallum - Director


CONTRACT FLOORING SERVICES (LONDON)
LIMITED (REGISTERED NUMBER: 05461596)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Contract Flooring Services (London) 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.

The presentation currency of the financial statement is the Pound Sterling (£) which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 2007, 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.
Furniture and equipment - 25% on reducing balance

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered 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.

CONTRACT FLOORING SERVICES (LONDON)
LIMITED (REGISTERED NUMBER: 05461596)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 75,000
AMORTISATION
At 1 April 2023
and 31 March 2024 75,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Furniture
and
equipment
£   
COST
At 1 April 2023
and 31 March 2024 20,736
DEPRECIATION
At 1 April 2023 15,307
Charge for year 1,357
At 31 March 2024 16,664
NET BOOK VALUE
At 31 March 2024 4,072
At 31 March 2023 5,429

CONTRACT FLOORING SERVICES (LONDON)
LIMITED (REGISTERED NUMBER: 05461596)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,501 84,154
Directors' current accounts 24,206 16,147
VAT 5,224 7,023
Accrued income 25,955 17,962
Prepayments 1,588 2,148
81,474 127,434

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,700 31,018
Trade creditors 20,162 52,510
Tax 13,669 8,301
Social security and other taxes 264 1,203
Credit card 11,999 13,513
Accrued expenses 1,950 1,950
71,744 108,495

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 8,688 10,000
Bank loans - 2-5 years - 8,667
8,688 18,667

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 13,721 21,018