IRIS Accounts Production v24.1.4.33 04143694 director 1.2.23 31.1.24 31.1.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041436942023-01-31041436942024-01-31041436942023-02-012024-01-31041436942022-01-31041436942022-02-012023-01-31041436942023-01-3104143694ns15:EnglandWales2023-02-012024-01-3104143694ns14:PoundSterling2023-02-012024-01-3104143694ns10:Director12023-02-012024-01-3104143694ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3104143694ns10:SmallEntities2023-02-012024-01-3104143694ns10:AuditExemptWithAccountantsReport2023-02-012024-01-3104143694ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3104143694ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3104143694ns10:FullAccounts2023-02-012024-01-310414369412023-02-012024-01-3104143694ns10:CompanySecretary12023-02-012024-01-3104143694ns10:RegisteredOffice2023-02-012024-01-3104143694ns5:CurrentFinancialInstruments2024-01-3104143694ns5:CurrentFinancialInstruments2023-01-3104143694ns5:Non-currentFinancialInstruments2024-01-3104143694ns5:Non-currentFinancialInstruments2023-01-3104143694ns5:ShareCapital2024-01-3104143694ns5:ShareCapital2023-01-3104143694ns5:RetainedEarningsAccumulatedLosses2024-01-3104143694ns5:RetainedEarningsAccumulatedLosses2023-01-3104143694ns5:NetGoodwill2023-02-012024-01-3104143694ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3104143694ns5:PlantMachinery2023-02-012024-01-3104143694ns5:NetGoodwill2023-01-3104143694ns5:NetGoodwill2024-01-3104143694ns5:NetGoodwill2023-01-3104143694ns5:PlantMachinery2023-01-3104143694ns5:PlantMachinery2024-01-3104143694ns5:PlantMachinery2023-01-3104143694ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3104143694ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3104143694ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-01-3104143694ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-01-31041436941ns10:Director12023-01-31041436941ns10:Director12022-01-31041436941ns10:Director12023-02-012024-01-31041436941ns10:Director12022-02-012023-01-31041436941ns10:Director12024-01-31041436941ns10:Director12023-01-31
REGISTERED NUMBER: 04143694 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

UK Wood Floors Limited

UK Wood Floors Limited (Registered number: 04143694)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

UK Wood Floors Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: G Jamieson





SECRETARY: S M Williams





REGISTERED OFFICE: 189 Lynchford Road
Farnborough
Hampshire
GU14 6HD





REGISTERED NUMBER: 04143694 (England and Wales)





ACCOUNTANTS: Graham Best & Co
189 Lynchford Road
Farnborough
Hampshire
GU14 6HD

UK Wood Floors Limited (Registered number: 04143694)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 51,272 51,272
Tangible assets 5 272,323 294,607
323,595 345,879

CURRENT ASSETS
Stocks 210,000 336,000
Debtors 6 143,207 37,968
Cash at bank and in hand 19,455 250
372,662 374,218
CREDITORS
Amounts falling due within one year 7 98,201 91,542
NET CURRENT ASSETS 274,461 282,676
TOTAL ASSETS LESS CURRENT
LIABILITIES

598,056

628,555

CREDITORS
Amounts falling due after more than one
year

8

471,594

280,003
NET ASSETS 126,462 348,552

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 126,362 348,452
SHAREHOLDERS' FUNDS 126,462 348,552

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

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

UK Wood Floors Limited (Registered number: 04143694)

Balance Sheet - continued
31 January 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 director and authorised for issue on 19 April 2024 and were signed by:





G Jamieson - Director


UK Wood Floors Limited (Registered number: 04143694)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

UK Wood Floors 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.

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 2012, 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.
Plant and machinery etc - 25% on reducing balance, 10% on cost and in accordance with the property

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.

UK Wood Floors Limited (Registered number: 04143694)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 51,272
NET BOOK VALUE
At 31 January 2024 51,272
At 31 January 2023 51,272

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 869,527
Additions 44,920
Disposals (35,360 )
At 31 January 2024 879,087
DEPRECIATION
At 1 February 2023 574,920
Charge for year 61,073
Eliminated on disposal (29,229 )
At 31 January 2024 606,764
NET BOOK VALUE
At 31 January 2024 272,323
At 31 January 2023 294,607

6. DEBTORS
31.1.24 31.1.23
£    £   
Amounts falling due within one year:
Other debtors 1,489 6,399

UK Wood Floors Limited (Registered number: 04143694)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. DEBTORS - continued
31.1.24 31.1.23
£    £   
Amounts falling due after more than one year:
Other debtors 141,718 31,569

Aggregate amounts 143,207 37,968

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts - 8,071
Hire purchase contracts 25,076 33,306
Trade creditors 43,929 14,299
Taxation and social security 20,983 29,787
Other creditors 8,213 6,079
98,201 91,542

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Other creditors 471,594 280,003

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
G Jamieson
Balance outstanding at start of year 4,910 4,910
Amounts repaid (9,101 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,191 ) 4,910

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
UK Wood Floors Limited

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 UK Wood Floors Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet 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 UK Wood Floors Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of UK Wood Floors Limited and state those matters that we have agreed to state to the director of UK Wood Floors Limited 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 UK Wood Floors Limited and its director for our work or for this report.

It is your duty to ensure that UK Wood Floors Limited 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 loss of UK Wood Floors Limited. You consider that UK Wood Floors Limited 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 UK Wood Floors Limited. 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.






Graham Best & Co
189 Lynchford Road
Farnborough
Hampshire
GU14 6HD


Date: .............................................