Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false2023-05-01false10No description of principal activity10truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01626277 2023-05-01 2024-04-30 01626277 2022-05-01 2023-04-30 01626277 2024-04-30 01626277 2023-04-30 01626277 2022-05-01 01626277 c:Director2 2023-05-01 2024-04-30 01626277 d:MotorVehicles 2023-05-01 2024-04-30 01626277 d:MotorVehicles 2024-04-30 01626277 d:MotorVehicles 2023-04-30 01626277 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01626277 d:MotorVehicles d:PriorPeriodIncreaseDecrease 2023-05-01 2024-04-30 01626277 d:FurnitureFittings d:PriorPeriodIncreaseDecrease 2023-05-01 2024-04-30 01626277 d:FurnitureFittings 2023-05-01 2024-04-30 01626277 d:FurnitureFittings 2024-04-30 01626277 d:FurnitureFittings 2023-04-30 01626277 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01626277 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01626277 d:Goodwill 2024-04-30 01626277 d:Goodwill 2023-04-30 01626277 d:CurrentFinancialInstruments 2024-04-30 01626277 d:CurrentFinancialInstruments 2023-04-30 01626277 d:Non-currentFinancialInstruments 2024-04-30 01626277 d:Non-currentFinancialInstruments 2023-04-30 01626277 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 01626277 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 01626277 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 01626277 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 01626277 d:ShareCapital 2024-04-30 01626277 d:ShareCapital 2023-04-30 01626277 d:CapitalRedemptionReserve 2024-04-30 01626277 d:CapitalRedemptionReserve 2023-04-30 01626277 d:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 01626277 d:RetainedEarningsAccumulatedLosses 2024-04-30 01626277 d:RetainedEarningsAccumulatedLosses 2023-04-30 01626277 c:FRS102 2023-05-01 2024-04-30 01626277 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 01626277 c:FullAccounts 2023-05-01 2024-04-30 01626277 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 01626277 d:HirePurchaseContracts d:WithinOneYear 2024-04-30 01626277 d:HirePurchaseContracts d:WithinOneYear 2023-04-30 01626277 d:HirePurchaseContracts d:MoreThanFiveYears 2024-04-30 01626277 d:HirePurchaseContracts d:MoreThanFiveYears 2023-04-30 01626277 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-04-30 01626277 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-04-30 01626277 2 2023-05-01 2024-04-30 01626277 6 2023-05-01 2024-04-30 01626277 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 01626277 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 01626277 d:OtherDeferredTax 2024-04-30 01626277 d:OtherDeferredTax 2023-04-30 01626277 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-04-30 01626277 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-30 01626277 d:LeasedAssetsHeldAsLessee 2024-04-30 01626277 d:LeasedAssetsHeldAsLessee 2023-04-30 01626277 e:PoundSterling 2023-05-01 2024-04-30 01626277 d:PriorPeriodErrorIncreaseDecrease 2023-05-01 2024-04-30 01626277 d:PreviouslyStatedAmount 2023-04-30 01626277 d:MotorVehicles d:PreviouslyStatedAmount 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 01626277










FLOORING SUPPLIES ANGLIA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
FLOORING SUPPLIES ANGLIA LIMITED
REGISTERED NUMBER: 01626277

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
117,497
123,920

Investments
 6 
97,538
88,212

  
215,035
212,132

Current assets
  

Stocks
  
356,873
463,870

Debtors: amounts falling due within one year
 7 
361,192
316,524

Cash at bank and in hand
  
360,171
635,749

  
1,078,236
1,416,143

Creditors: amounts falling due within one year
 8 
(635,048)
(965,949)

Net current assets
  
 
 
443,188
 
 
450,194

Total assets less current liabilities
  
658,223
662,326

Creditors: amounts falling due after more than one year
 9 
(4,965)
(16,880)

Provisions for liabilities
  

Deferred tax
 11 
(44,484)
(45,422)

  
 
 
(44,484)
 
 
(45,422)

Net assets
  
608,774
600,024

Page 1

 
FLOORING SUPPLIES ANGLIA LIMITED
REGISTERED NUMBER: 01626277
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

As restated
2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
401,000
401,000

Capital redemption reserve
 12 
1,000
1,000

Profit and loss account
 12 
206,774
198,024

  
608,774
600,024


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
P M Spelman
Director

Date: 26 September 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
FLOORING SUPPLIES ANGLIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Flooring Supplies Anglia Limited is a private company limited by shares and incorporated in England and Wales, registration number 01626277.  The registered office is Unit 162 Hellesdon Park Road, Drayton High Road, Norwich, NR6 5DR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting polices applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
FLOORING SUPPLIES ANGLIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
FLOORING SUPPLIES ANGLIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Motor vehicles
-
25% Reducing balance
Fixtures & fittings
-
15% Reducing balance

 
2.8

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Income Statement for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
FLOORING SUPPLIES ANGLIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 10).


4.


Intangible assets




Goodwill

£



Cost


At 1 May 2023
5,000



At 30 April 2024

5,000



Amortisation


At 1 May 2023
5,000



At 30 April 2024

5,000



Net book value



At 30 April 2024
-



At 30 April 2023
-



Page 6

 
FLOORING SUPPLIES ANGLIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Motor vehicles
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 May 2023 (as previously stated)
220,643
138,869
359,512


Prior Year Adjustment
(28,050)
-
(28,050)


At 1 May 2023 (as restated)
192,593
138,869
331,462


Additions
28,795
-
28,795


Disposals
(23,445)
-
(23,445)



At 30 April 2024

197,943
138,869
336,812



Depreciation


At 1 May 2023 (as previously stated)
120,667
108,269
228,936


Prior Year Adjustment
(21,394)
-
(21,394)


At 1 May 2023 (as restated)
99,273
108,269
207,542


Charge for the year on owned assets
30,496
4,590
35,086


Disposals
(23,313)
-
(23,313)



At 30 April 2024

106,456
112,859
219,315



Net book value



At 30 April 2024
91,487
26,010
117,497



At 30 April 2023 (as restated)
93,320
30,600
123,920

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
20,834
27,779

20,834
27,779

Page 7

 
FLOORING SUPPLIES ANGLIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 May 2023
88,212


Revaluations
9,326



At 30 April 2024
97,538




The historic cost of unlisted investments at 30 April 2024 was £21,018 (2023 - £21,018).


7.


Debtors

2024
2023
£
£


Trade debtors
303,779
263,335

Prepayments and accrued income
57,413
53,189

361,192
316,524



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
186,212
213,784

Amounts owed to group undertakings
372,910
639,981

Corporation tax
29,104
59,827

Other taxation and social security
29,976
36,022

Obligations under finance lease and hire purchase contracts
11,915
13,165

Accruals and deferred income
4,931
3,170

635,048
965,949


Page 8

 
FLOORING SUPPLIES ANGLIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
4,965
16,880

4,965
16,880



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
11,915
13,165

Between 1-5 years
4,965
11,915

Over 5 years
-
4,965

16,880
30,045

Secured Creditors
Assets aquired on hire purchased are secured on the assets to which they relate. 

Page 9

 
FLOORING SUPPLIES ANGLIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


Deferred taxation




2024
2023


£

£






At beginning of year
(45,422)
(51,374)


Charged to profit or loss
938
5,952



At end of year
(44,484)
(45,422)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(29,374)
(32,644)

Capital gains
(15,110)
(12,778)

(44,484)
(45,422)


12.


Reserves

Profit & loss account

The profit and loss account is the accumulated profit of the company since inception, along with the fair value movement of revalued property and investments. The distributable amount is £145,431 (restated 2023: £143,608), non distributable amount is £61,410 (2023: £54,416).


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £5,193 (2023 - £4,028). There were no contributions payable to the fund at the reporting date.

 
Page 10