IRIS Accounts Production v24.3.0.553 11143864 director 1.2.23 31.1.24 31.1.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111438642023-01-31111438642024-01-31111438642023-02-012024-01-31111438642022-01-31111438642022-02-012023-01-31111438642023-01-3111143864ns15:EnglandWales2023-02-012024-01-3111143864ns14:PoundSterling2023-02-012024-01-3111143864ns10:Director12023-02-012024-01-3111143864ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3111143864ns10:SmallEntities2023-02-012024-01-3111143864ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3111143864ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3111143864ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3111143864ns10:FullAccounts2023-02-012024-01-3111143864ns10:OrdinaryShareClass12023-02-012024-01-3111143864ns10:RegisteredOffice2023-02-012024-01-3111143864ns5:CurrentFinancialInstruments2024-01-3111143864ns5:CurrentFinancialInstruments2023-01-3111143864ns5:Non-currentFinancialInstruments2024-01-3111143864ns5:Non-currentFinancialInstruments2023-01-3111143864ns5:ShareCapital2024-01-3111143864ns5:ShareCapital2023-01-3111143864ns5:RetainedEarningsAccumulatedLosses2024-01-3111143864ns5:RetainedEarningsAccumulatedLosses2023-01-3111143864ns5:MotorVehicles2023-02-012024-01-3111143864ns5:ComputerEquipment2023-02-012024-01-3111143864ns5:MotorVehicles2023-01-3111143864ns5:ComputerEquipment2023-01-3111143864ns5:MotorVehicles2024-01-3111143864ns5:ComputerEquipment2024-01-3111143864ns5:MotorVehicles2023-01-3111143864ns5:ComputerEquipment2023-01-3111143864ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-3111143864ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-012024-01-3111143864ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-3111143864ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-3111143864ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3111143864ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3111143864ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3111143864ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3111143864ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-01-3111143864ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-01-3111143864ns5:HirePurchaseContracts2024-01-3111143864ns5:HirePurchaseContracts2023-01-3111143864ns5:WithinOneYear2024-01-3111143864ns5:WithinOneYear2023-01-3111143864ns10:OrdinaryShareClass12024-01-31111438641ns10:Director12023-01-31111438641ns10:Director12022-01-31111438641ns10:Director12023-02-012024-01-31111438641ns10:Director12022-02-012023-01-31111438641ns10:Director12024-01-31111438641ns10:Director12023-01-31
REGISTERED NUMBER: 11143864 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

THE FLOORING COMPANY SHEFFIELD LIMITED

THE FLOORING COMPANY SHEFFIELD LIMITED (REGISTERED NUMBER: 11143864)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE FLOORING COMPANY SHEFFIELD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: S E Wilkinson





REGISTERED OFFICE: Unit 1G
Carlisle House
Carlisle Street East
Sheffield
South Yorkshire
S4 7QN





REGISTERED NUMBER: 11143864 (England and Wales)





ACCOUNTANTS: Jones Thorne Limited
400-402 Richmond Road
Sheffield
South Yorkshire
S13 8LZ

THE FLOORING COMPANY SHEFFIELD LIMITED (REGISTERED NUMBER: 11143864)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,356 20,658

CURRENT ASSETS
Stocks 52,089 49,698
Debtors 5 155,452 124,036
Cash at bank 2,605 3,409
210,146 177,143
CREDITORS
Amounts falling due within one year 6 208,907 168,177
NET CURRENT ASSETS 1,239 8,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,595

29,624

CREDITORS
Amounts falling due after more than
one year

7

(13,660

)

(25,696

)

PROVISIONS FOR LIABILITIES (2,917 ) (3,925 )
NET ASSETS 18 3

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 17 2
SHAREHOLDERS' FUNDS 18 3

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 director acknowledges his 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 FLOORING COMPANY SHEFFIELD LIMITED (REGISTERED NUMBER: 11143864)

BALANCE SHEET - continued
31 JANUARY 2024


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 director and authorised for issue on 29 October 2024 and were signed by:





S E Wilkinson - Director


THE FLOORING COMPANY SHEFFIELD LIMITED (REGISTERED NUMBER: 11143864)

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

1. STATUTORY INFORMATION

The Flooring Company Sheffield 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.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

THE FLOORING COMPANY SHEFFIELD LIMITED (REGISTERED NUMBER: 11143864)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 24,452 1,956 26,408
DEPRECIATION
At 1 February 2023 5,535 215 5,750
Charge for year 4,728 574 5,302
At 31 January 2024 10,263 789 11,052
NET BOOK VALUE
At 31 January 2024 14,189 1,167 15,356
At 31 January 2023 18,917 1,741 20,658

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023
and 31 January 2024 17,457
DEPRECIATION
At 1 February 2023 1,819
Charge for year 3,909
At 31 January 2024 5,728
NET BOOK VALUE
At 31 January 2024 11,729
At 31 January 2023 15,638

THE FLOORING COMPANY SHEFFIELD LIMITED (REGISTERED NUMBER: 11143864)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 37,431 29,304
Other debtors 118,021 94,732
155,452 124,036

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 7,071 7,070
Hire purchase contracts (see note 8)
3,400

3,400
Taxation and social security 186,301 149,398
Other creditors 12,135 8,309
208,907 168,177

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 4,877 13,513
Hire purchase contracts (see note 8)
8,783

12,183
13,660 25,696

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.1.24 31.1.23
£    £   
Net obligations repayable:
Within one year 3,400 3,400
Between one and five years 8,783 12,183
12,183 15,583

Non-cancellable operating leases
31.1.24 31.1.23
£    £   
Within one year 12,000 12,000

THE FLOORING COMPANY SHEFFIELD LIMITED (REGISTERED NUMBER: 11143864)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 Ordinary 1 1 1

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.1.24 31.1.23
£    £   
S E Wilkinson
Balance outstanding at start of year 70,106 75,773
Amounts advanced 17,412 -
Amounts repaid - (5,667 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 87,518 70,106

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £6,330 (2023 - £33,800) were paid to the director .

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S E Wilkinson.