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REGISTERED NUMBER: 07884083












Financial Statements

for the Year Ended 31 December 2023

for

FINESSE FLOORS LTD

FINESSE FLOORS LTD (REGISTERED NUMBER: 07884083)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FINESSE FLOORS LTD

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Miss G L Wheatcroft





SECRETARY:





REGISTERED OFFICE: 5 Harbour Way
Tipner
Portsmouth
Hampshire
PO2 8RJ





REGISTERED NUMBER: 07884083





ACCOUNTANTS: Hunter Simmons Ltd
EMP Building
Unit 1, 4 Solent Road
Havant
Portsmouth
Hampshire
PO9 1JH

FINESSE FLOORS LTD (REGISTERED NUMBER: 07884083)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,669 10,999

CURRENT ASSETS
Debtors 5 47,659 52,118
Cash at bank 85,460 67,250
133,119 119,368
CREDITORS
Amounts falling due within one year 6 32,415 20,464
NET CURRENT ASSETS 100,704 98,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,373

109,903

CREDITORS
Amounts falling due after more than one year 7 33,741 43,441
NET ASSETS 77,632 66,462

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 77,532 66,362
SHAREHOLDERS' FUNDS 77,632 66,462

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

FINESSE FLOORS LTD (REGISTERED NUMBER: 07884083)

Balance Sheet - continued
31 December 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 10 September 2024 and were signed by:





Miss G L Wheatcroft - Director


FINESSE FLOORS LTD (REGISTERED NUMBER: 07884083)

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

1. STATUTORY INFORMATION

Finesse Floors Ltd is a private company, limited by shares , registered in Not specified/Other. 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

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.

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 (2022 - 3 ) .

FINESSE FLOORS LTD (REGISTERED NUMBER: 07884083)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 51,533
Additions 1,870
At 31 December 2023 53,403
DEPRECIATION
At 1 January 2023 40,534
Charge for year 2,200
At 31 December 2023 42,734
NET BOOK VALUE
At 31 December 2023 10,669
At 31 December 2022 10,999

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,734 19,244
Other debtors 38,925 32,874
47,659 52,118

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1 (1 )
Taxation and social security 29,417 18,758
Other creditors 2,997 1,707
32,415 20,464

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 33,741 43,441

8. ULTIMATE CONTROLLING PARTY

The controlling party is Miss G L Wheatcroft.