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REGISTERED NUMBER: 05469703 (England and Wales)















FLO-SCREED UK LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






FLO-SCREED UK LTD (REGISTERED NUMBER: 05469703)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLO-SCREED UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: W Carver





SECRETARY: A J Carver





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 05469703 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

FLO-SCREED UK LTD (REGISTERED NUMBER: 05469703)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 251,653 191,610

CURRENT ASSETS
Stocks 7,639 9,903
Debtors 5 66,384 34,887
Cash at bank 470,086 444,593
544,109 489,383
CREDITORS
Amounts falling due within one year 6 106,742 81,334
NET CURRENT ASSETS 437,367 408,049
TOTAL ASSETS LESS CURRENT
LIABILITIES

689,020

599,659

PROVISIONS FOR LIABILITIES 62,913 47,568
NET ASSETS 626,107 552,091

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 626,007 551,991
SHAREHOLDERS' FUNDS 626,107 552,091

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

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

FLO-SCREED UK LTD (REGISTERED NUMBER: 05469703)

BALANCE SHEET - continued
31ST 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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 30th August 2024 and were signed by:





W Carver - Director


FLO-SCREED UK LTD (REGISTERED NUMBER: 05469703)

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

1. STATUTORY INFORMATION

Flo-Screed UK 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 - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 Profit and Loss, 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.


FLO-SCREED UK LTD (REGISTERED NUMBER: 05469703)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 136,596 3,249 186,105 22,360 348,310
Additions 34,400 - 46,795 4,258 85,453
At 31st March 2024 170,996 3,249 232,900 26,618 433,763
DEPRECIATION
At 1st April 2023 93,053 1,731 45,574 16,342 156,700
Charge for year 8,252 379 14,920 1,859 25,410
At 31st March 2024 101,305 2,110 60,494 18,201 182,110
NET BOOK VALUE
At 31st March 2024 69,691 1,139 172,406 8,417 251,653
At 31st March 2023 43,543 1,518 140,531 6,018 191,610

FLO-SCREED UK LTD (REGISTERED NUMBER: 05469703)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 40,130 13,141
Other debtors - 12
Tax - 6,896
VAT 16,961 5,932
Prepayments 9,293 8,906
66,384 34,887

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 36,552 37,396
Corporation Tax 23,953 -
Social security and other taxes 497 -
Other creditors 156 21
Directors' current accounts 40,383 39,071
Accruals and deferred income 5,201 4,846
106,742 81,334

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

The director's loan account balance at the year end was in credit by £40,383 (2023: £39,071).