Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 01253028 Mr Thomas Reginald Ernest Flude Mr Thomas Roger James Flude Mrs Hazel A Flude Mr T R E Flude true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01253028 2023-03-31 01253028 2024-03-31 01253028 2023-04-01 2024-03-31 01253028 frs-core:CurrentFinancialInstruments 2024-03-31 01253028 frs-core:Non-currentFinancialInstruments 2024-03-31 01253028 frs-core:FurnitureFittings 2024-03-31 01253028 frs-core:FurnitureFittings 2023-04-01 2024-03-31 01253028 frs-core:FurnitureFittings 2023-03-31 01253028 frs-core:MotorVehicles 2024-03-31 01253028 frs-core:MotorVehicles 2023-04-01 2024-03-31 01253028 frs-core:MotorVehicles 2023-03-31 01253028 frs-core:ShareCapital 2024-03-31 01253028 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 01253028 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01253028 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 01253028 frs-bus:SmallEntities 2023-04-01 2024-03-31 01253028 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01253028 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01253028 1 2023-04-01 2024-03-31 01253028 frs-bus:Director1 2023-04-01 2024-03-31 01253028 frs-bus:Director2 2023-04-01 2024-03-31 01253028 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 01253028 frs-countries:EnglandWales 2023-04-01 2024-03-31 01253028 2022-03-31 01253028 2023-03-31 01253028 2022-04-01 2023-03-31 01253028 frs-core:CurrentFinancialInstruments 2023-03-31 01253028 frs-core:Non-currentFinancialInstruments 2023-03-31 01253028 frs-core:ShareCapital 2023-03-31 01253028 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 01253028
Specialized Flooring Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Bradburn & Co Accountants Ltd
19 Alton Road
Oxton
Wirral
CH43 6UB
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 01253028
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,549 4,560
3,549 4,560
CURRENT ASSETS
Stocks 5 66,108 27,925
Debtors 6 25,806 149,451
Cash at bank and in hand 10,651 -
102,565 177,376
Creditors: Amounts Falling Due Within One Year 7 (130,220 ) (190,571 )
NET CURRENT ASSETS (LIABILITIES) (27,655 ) (13,195 )
TOTAL ASSETS LESS CURRENT LIABILITIES (24,106 ) (8,635 )
Creditors: Amounts Falling Due After More Than One Year 8 (40,344 ) (44,366 )
NET LIABILITIES (64,450 ) (53,001 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement (64,550 ) (53,101 )
SHAREHOLDERS' FUNDS (64,450) (53,001)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Thomas Reginald Ernest Flude
Director
11/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Specialized Flooring Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01253028 . The registered office is Victoria House, Victoria Mount, c/o bradburn & co, Prenton, Merseyside, CH43 5SG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 10% reducing balance
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 23,000 19,353 42,353
As at 31 March 2024 23,000 19,353 42,353
Depreciation
As at 1 April 2023 19,476 18,317 37,793
Provided during the period 907 104 1,011
As at 31 March 2024 20,383 18,421 38,804
Net Book Value
As at 31 March 2024 2,617 932 3,549
As at 1 April 2023 3,524 1,036 4,560
5. Stocks
2024 2023
£ £
Work in progress 66,108 27,925
Page 3
Page 4
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 19,153 136,842
VAT 6,653 12,609
25,806 149,451
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 64,067 84,199
Bank loans and overdrafts - 20,133
Other taxes and social security 10,205 9,183
Accruals and deferred income 3,150 4,033
Directors' loan accounts 52,798 73,023
130,220 190,571
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 40,344 44,366
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Dividends
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr T R E Flude by virtue of his ownership of 60% of the issued share capital in the company.
Page 4