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REGISTERED NUMBER: 09337354 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

RESIN FLOORING SOLUTIONS (UK) LIMITED

RESIN FLOORING SOLUTIONS (UK) LIMITED (REGISTERED NUMBER: 09337354)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RESIN FLOORING SOLUTIONS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: S J Harrington
O F Harrington





SECRETARY: S J Harrington





REGISTERED OFFICE: Unit 18a Wakes Hall Business Centre
Colchester Road
Wakes Colne
Colchester
Essex
CO6 2DY





REGISTERED NUMBER: 09337354 (England and Wales)





ACCOUNTANTS: SW Accountancy
Chartered Certified Accountants
7 Davidson Close
Great Cornard
Sudbury
Suffolk
CO10 0YU

RESIN FLOORING SOLUTIONS (UK) LIMITED (REGISTERED NUMBER: 09337354)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,813 87,358

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 5 39,591 225,397
Cash at bank 54,882 29
97,473 228,426
CREDITORS
Amounts falling due within one year 6 73,797 184,508
NET CURRENT ASSETS 23,676 43,918
TOTAL ASSETS LESS CURRENT LIABILITIES 91,489 131,276

CREDITORS
Amounts falling due after more than one year 7 (39,846 ) (59,829 )

PROVISIONS FOR LIABILITIES 9 (8,665 ) (12,379 )
NET ASSETS 42,978 59,068

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 42,878 58,968
42,978 59,068

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 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 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 Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:



S J Harrington - Director



O F Harrington - Director


RESIN FLOORING SOLUTIONS (UK) LIMITED (REGISTERED NUMBER: 09337354)

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

1. STATUTORY INFORMATION

Resin Flooring Solutions (UK) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

RESIN FLOORING SOLUTIONS (UK) LIMITED (REGISTERED NUMBER: 09337354)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 154,940
Additions 9,364
Disposals (13,482 )
At 31 January 2024 150,822
DEPRECIATION
At 1 February 2023 67,582
Charge for year 19,038
Eliminated on disposal (3,611 )
At 31 January 2024 83,009
NET BOOK VALUE
At 31 January 2024 67,813
At 31 January 2023 87,358

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 67,030
DEPRECIATION
At 1 February 2023 3,492
Charge for year 12,669
At 31 January 2024 16,161
NET BOOK VALUE
At 31 January 2024 50,869
At 31 January 2023 63,538

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,421 213,753
Other debtors 22,170 11,644
39,591 225,397

RESIN FLOORING SOLUTIONS (UK) LIMITED (REGISTERED NUMBER: 09337354)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,941 27,703
Hire purchase contracts 9,962 9,499
Trade creditors 14,922 108,574
Taxation and social security 191 145
Other creditors 23,781 38,587
73,797 184,508

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 19,921 29,942
Hire purchase contracts 19,925 29,887
39,846 59,829

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 14,920 17,937
Hire purchase contracts 29,887 39,386
44,807 57,323

The bank overdraft is secured by personal guarantees given by the directors.

The hire purchase loan agreements are secured over the assets acquired.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,665 12,379

Deferred
tax
£   
Balance at 1 February 2023 12,379
Utilised during year (3,714 )
Balance at 31 January 2024 8,665