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REGISTERED NUMBER: 13808802 (England and Wales)















Affordable Floors 2 You Ltd

Unaudited Financial Statements

for the year ended

31 December 2023






Affordable Floors 2 You Ltd (Registered number: 13808802)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Chartered Accountants' Report 6

Affordable Floors 2 You Ltd

Company Information
for the year ended 31 December 2023







DIRECTOR: C J Lambe





REGISTERED OFFICE: Unit 1 Chamberlayne Road
Bury St. Edmunds
IP32 7EY





REGISTERED NUMBER: 13808802 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
8 Hopper Way
Diss
Norfolk
IP22 4GT

Affordable Floors 2 You Ltd (Registered number: 13808802)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 4,000 4,000
Tangible assets 5 73,703 8,302
77,703 12,302

CURRENT ASSETS
Stocks 20,000 16,500
Debtors 6 25,403 21,876
Cash at bank 22,219 23,832
67,622 62,208
CREDITORS
Amounts falling due within one year 7 (51,459 ) (59,090 )
NET CURRENT ASSETS 16,163 3,118
TOTAL ASSETS LESS CURRENT LIABILITIES 93,866 15,420

CREDITORS
Amounts falling due after more than one year 8 (48,611 ) -

PROVISIONS FOR LIABILITIES (5,345 ) (266 )
NET ASSETS 39,910 15,154

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 39,810 15,054
SHAREHOLDERS' FUNDS 39,910 15,154

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 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.

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 5 September 2024 and were signed by:





C J Lambe - Director


Affordable Floors 2 You Ltd (Registered number: 13808802)

Notes to the Financial Statements
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Affordable Floors 2 You 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Registration numbers
Registration plates are initially measured at cost. After initial recognition, intangible assets are measured on a revaluation basis. With revaluations taking place only if fair value can be determined by reference to an active market.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% reducing balance
Plant and machinery - 25% on reducing balance
Office Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2022 - 1 ) .

Affordable Floors 2 You Ltd (Registered number: 13808802)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 4,000
NET BOOK VALUE
At 31 December 2023 4,000
At 31 December 2022 4,000

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Office
property machinery Equipment
£    £    £   
COST
At 1 January 2023 - 5,500 3,471
Additions 2,488 923 258
Disposals - - -
At 31 December 2023 2,488 6,423 3,729
DEPRECIATION
At 1 January 2023 - 1,375 691
Charge for year 207 1,149 744
At 31 December 2023 207 2,524 1,435
NET BOOK VALUE
At 31 December 2023 2,281 3,899 2,294
At 31 December 2022 - 4,125 2,780

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 - 1,730 10,701
Additions 67,954 2,187 73,810
Disposals - (62 ) (62 )
At 31 December 2023 67,954 3,855 84,449
DEPRECIATION
At 1 January 2023 - 333 2,399
Charge for year 5,663 584 8,347
At 31 December 2023 5,663 917 10,746
NET BOOK VALUE
At 31 December 2023 62,291 2,938 73,703
At 31 December 2022 - 1,397 8,302

Affordable Floors 2 You Ltd (Registered number: 13808802)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,907 19,984
Other debtors 17,496 1,892
25,403 21,876

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 7,582 -
Trade creditors 13,501 11,166
Taxation and social security 9,784 10,405
Other creditors 20,592 37,519
51,459 59,090

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 48,611 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

At the year end the company owed C Lambe, the director, £17,792 (2022: £36,468) in relation to an interest free loan with no set repayment terms.

At the year end J Walton, a shareholder, owed the company £10,904 in relation to an interest free loan with no set repayment terms.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Affordable Floors 2 You Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Affordable Floors 2 You Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Affordable Floors 2 You Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Affordable Floors 2 You Ltd and state those matters that we have agreed to state to the director of Affordable Floors 2 You Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Affordable Floors 2 You Ltd and its director for our work or for this report.

It is your duty to ensure that Affordable Floors 2 You Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Affordable Floors 2 You Ltd. You consider that Affordable Floors 2 You Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Affordable Floors 2 You Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
8 Hopper Way
Diss
Norfolk
IP22 4GT


5 September 2024