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REGISTERED NUMBER: 08060930 (England and Wales)







REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

FLOORSKILLS LIMITED

FLOORSKILLS LIMITED (REGISTERED NUMBER: 08060930)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


FLOORSKILLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M Bourne
D J Bourne





SECRETARY: J C Tredwell





REGISTERED OFFICE: Unit 2
Lyndons Farm
Poolhead Lane
Earlswood
B94 5ES





REGISTERED NUMBER: 08060930 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
Corner Oak
1 Homer Road
Solihull
B91 3QG

FLOORSKILLS LIMITED (REGISTERED NUMBER: 08060930)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2024


The directors present their report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a flooring training centre.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

M Bourne
D J Bourne

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M Bourne - Director


15 October 2024

FLOORSKILLS LIMITED (REGISTERED NUMBER: 08060930)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £   

TURNOVER 768,011 905,256

Cost of sales 245,085 308,654
GROSS PROFIT 522,926 596,602

Administrative expenses 549,054 547,552
OPERATING (LOSS)/PROFIT 4 (26,128 ) 49,050

Interest receivable and similar income 1,004 375
(25,124 ) 49,425

Interest payable and similar expenses 352 19
(LOSS)/PROFIT BEFORE TAXATION (25,476 ) 49,406

Tax on (loss)/profit (2,471 ) 10,603
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(23,005

)

38,803

FLOORSKILLS LIMITED (REGISTERED NUMBER: 08060930)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 290,888 295,224

CURRENT ASSETS
Debtors 6 29,894 30,403
Cash at bank and in hand 71,887 146,778
101,781 177,181
CREDITORS
Amounts falling due within one year 7 30,006 84,267
NET CURRENT ASSETS 71,775 92,914
TOTAL ASSETS LESS CURRENT
LIABILITIES

362,663

388,138

PROVISIONS FOR LIABILITIES 6,783 9,253
NET ASSETS 355,880 378,885

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 355,876 378,881
SHAREHOLDERS' FUNDS 355,880 378,885

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:



M Bourne - Director


FLOORSKILLS LIMITED (REGISTERED NUMBER: 08060930)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Floorskills 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.

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.

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% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

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.

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.

FLOORSKILLS LIMITED (REGISTERED NUMBER: 08060930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 38,515 37,575

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 260,741 26,322 27,726
Additions 25,320 - 4,855
At 31 March 2024 286,061 26,322 32,581
DEPRECIATION
At 1 April 2023 51,012 10,477 18,911
Charge for year 11,299 3,961 5,309
At 31 March 2024 62,311 14,438 24,220
NET BOOK VALUE
At 31 March 2024 223,750 11,884 8,361
At 31 March 2023 209,729 15,845 8,815

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 101,094 34,148 450,031
Additions - 4,004 34,179
At 31 March 2024 101,094 38,152 484,210
DEPRECIATION
At 1 April 2023 46,557 27,850 154,807
Charge for year 13,634 4,312 38,515
At 31 March 2024 60,191 32,162 193,322
NET BOOK VALUE
At 31 March 2024 40,903 5,990 290,888
At 31 March 2023 54,537 6,298 295,224

FLOORSKILLS LIMITED (REGISTERED NUMBER: 08060930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 914 6,522
Other debtors 28,980 23,881
29,894 30,403

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,320 8,107
Taxation and social security 15,124 51,738
Other creditors 7,562 24,422
30,006 84,267

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
M Bourne
Balance outstanding at start of year 14,535 5,890
Amounts advanced 5,653 30,261
Amounts repaid - (21,616 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,188 14,535