Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 07131251 Mr Dominic Fagan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07131251 2023-01-31 07131251 2024-01-31 07131251 2023-02-01 2024-01-31 07131251 frs-core:CurrentFinancialInstruments 2024-01-31 07131251 frs-core:Non-currentFinancialInstruments 2024-01-31 07131251 frs-core:BetweenOneFiveYears 2024-01-31 07131251 frs-core:ComputerEquipment 2024-01-31 07131251 frs-core:ComputerEquipment 2023-02-01 2024-01-31 07131251 frs-core:ComputerEquipment 2023-01-31 07131251 frs-core:FurnitureFittings 2024-01-31 07131251 frs-core:FurnitureFittings 2023-02-01 2024-01-31 07131251 frs-core:FurnitureFittings 2023-01-31 07131251 frs-core:MotorVehicles 2024-01-31 07131251 frs-core:MotorVehicles 2023-02-01 2024-01-31 07131251 frs-core:MotorVehicles 2023-01-31 07131251 frs-core:PlantMachinery 2024-01-31 07131251 frs-core:PlantMachinery 2023-02-01 2024-01-31 07131251 frs-core:PlantMachinery 2023-01-31 07131251 frs-core:CapitalRedemptionReserve 2024-01-31 07131251 frs-core:SharePremium 2024-01-31 07131251 frs-core:ShareCapital 2024-01-31 07131251 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07131251 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07131251 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 07131251 frs-bus:SmallEntities 2023-02-01 2024-01-31 07131251 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07131251 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07131251 frs-bus:Director1 2023-02-01 2024-01-31 07131251 frs-bus:Director1 2023-01-31 07131251 frs-bus:Director1 2024-01-31 07131251 frs-countries:EnglandWales 2023-02-01 2024-01-31 07131251 2022-01-31 07131251 2023-01-31 07131251 2022-02-01 2023-01-31 07131251 frs-core:CurrentFinancialInstruments 2023-01-31 07131251 frs-core:Non-currentFinancialInstruments 2023-01-31 07131251 frs-core:BetweenOneFiveYears 2023-01-31 07131251 frs-core:CapitalRedemptionReserve 2023-01-31 07131251 frs-core:SharePremium 2023-01-31 07131251 frs-core:ShareCapital 2023-01-31 07131251 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 07131251
Concrete Flooring Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
TaxAssist Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07131251
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 91,998 115,672
91,998 115,672
CURRENT ASSETS
Stocks 5 150,000 125,000
Debtors 6 484,529 432,910
Cash at bank and in hand 50,587 34,641
685,116 592,551
Creditors: Amounts Falling Due Within One Year 7 (403,855 ) (391,768 )
NET CURRENT ASSETS (LIABILITIES) 281,261 200,783
TOTAL ASSETS LESS CURRENT LIABILITIES 373,259 316,455
Creditors: Amounts Falling Due After More Than One Year 8 (309,414 ) (304,389 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,954 ) (21,452 )
NET ASSETS/(LIABILITIES) 46,891 (9,386 )
CAPITAL AND RESERVES
Called up share capital 10 80 80
Share premium account 33,333 33,333
Capital redemption reserve 20 20
Profit and Loss Account 13,458 (42,819 )
SHAREHOLDERS' FUNDS 46,891 (9,386)
Page 1
Page 2
For the year ending 31 January 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 Profit and Loss Account.
On behalf of the board
Mr Dominic Fagan
Director
18th June 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Concrete Flooring Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07131251 . The registered office is 12 New Broadway, Worthing, BN11 4HP.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing baance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
Page 3
Page 4
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 6)
5 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 241,144 331,403 6,784 22,426 601,757
Additions 2,108 - - 460 2,568
As at 31 January 2024 243,252 331,403 6,784 22,886 604,325
Depreciation
As at 1 February 2023 204,546 256,315 4,933 20,291 486,085
Provided during the period 9,677 15,238 462 865 26,242
As at 31 January 2024 214,223 271,553 5,395 21,156 512,327
Net Book Value
As at 31 January 2024 29,029 59,850 1,389 1,730 91,998
As at 1 February 2023 36,598 75,088 1,851 2,135 115,672
5. Stocks
2024 2023
£ £
Stock 150,000 125,000
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 381,173 360,328
Prepayments and accrued income 4,545 38,974
Other debtors - 560
VAT 50,375 33,048
Directors' loan accounts 36,214 -
472,307 432,910
Due after more than one year
Corporation tax recoverable assets 12,222 -
484,529 432,910
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 344,814 240,877
Bank loans and overdrafts - 110,000
Corporation tax 54,304 19,903
Other taxes and social security 3,398 9,758
Net wages 43 5,490
Other creditors 1,296 3,957
Accruals and deferred income - 1,783
403,855 391,768
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 16,281 49,190
Bank loans 293,133 255,199
309,414 304,389
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 16,281 49,190
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 80 80
Page 5
Page 6
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Dominic Fagan - 36,214 - - 36,214
The above loan is unsecured and repayable on demand.
Page 6