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REGISTERED NUMBER: 08247958 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Wayne Parry Flooring Ltd

Wayne Parry Flooring Ltd (Registered number: 08247958)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wayne Parry Flooring Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: W W Parry





REGISTERED OFFICE: Mathern House
The Tufts
Bream
Lydney
Gloucestershire
GL15 6HL





REGISTERED NUMBER: 08247958 (England and Wales)





ACCOUNTANTS: Orchard Accountancy
6 Orchard Road
Coombs Park
Coleford
Gloucestershire
GL16 8AU

Wayne Parry Flooring Ltd (Registered number: 08247958)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,778 4,948

CURRENT ASSETS
Stocks 16,600 19,350
Debtors 5 23,764 19,517
Cash at bank - 2,308
40,364 41,175
CREDITORS
Amounts falling due within one year 6 39,269 21,870
NET CURRENT ASSETS 1,095 19,305
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,873

24,253

CREDITORS
Amounts falling due after more than one
year

7

(27,317

)

(21,500

)

PROVISIONS FOR LIABILITIES (7,368 ) (950 )
NET ASSETS 188 1,803

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 88 1,703
SHAREHOLDERS' FUNDS 188 1,803

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

Wayne Parry Flooring Ltd (Registered number: 08247958)

Balance Sheet - continued
31 October 2023


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 31 July 2024 and were signed by:





W W Parry - Director


Wayne Parry Flooring Ltd (Registered number: 08247958)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Wayne Parry 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Wayne Parry Flooring Ltd (Registered number: 08247958)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 26,635
Additions 31,982
At 31 October 2023 58,617
DEPRECIATION
At 1 November 2022 21,687
Charge for year 3,152
At 31 October 2023 24,839
NET BOOK VALUE
At 31 October 2023 33,778
At 31 October 2022 4,948

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 27,995
At 31 October 2023 27,995
NET BOOK VALUE
At 31 October 2023 27,995

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 2,238 -
Other debtors 21,526 19,517
23,764 19,517

Wayne Parry Flooring Ltd (Registered number: 08247958)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 7,577 -
Hire purchase contracts 4,549 -
Trade creditors 3,928 -
Taxation and social security 15,616 19,058
Other creditors 7,599 2,812
39,269 21,870

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 17,817 -
Other creditors 9,500 21,500
27,317 21,500