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Company Registration No. NI634016 (Northern Ireland)
Village Floors Limited Unaudited accounts for the year ended 31 October 2023
Village Floors Limited Unaudited accounts Contents
Page
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Village Floors Limited Company Information for the year ended 31 October 2023
Directors
Kenneth Shane Stewart Fiona Margaret Stewart
Company Number
NI634016 (Northern Ireland)
Registered Office
18 SHANE MANOR BROUGHSHANE BALLYMENA BT43 7NQ NORTHERN IRELAND
Accountants
Wilson Logan 17 Loughloughan Road Broughshane Ballymena Co Antrim BT43 7HZ
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Village Floors Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
245,385 
186,375 
Current assets
Inventories
3,000 
3,000 
Debtors
139,599 
159,949 
Cash at bank and in hand
9,876 
61,702 
152,475 
224,651 
Creditors: amounts falling due within one year
(235,352)
(211,040)
Net current (liabilities)/assets
(82,877)
13,611 
Total assets less current liabilities
162,508 
199,986 
Creditors: amounts falling due after more than one year
(30,511)
(40,060)
Net assets
131,997 
159,926 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
131,897 
159,826 
Shareholders' funds
131,997 
159,926 
For the year ending 31 October 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by
Kenneth Shane Stewart Director Company Registration No. NI634016
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Village Floors Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Village Floors Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI634016. The registered office is 18 SHANE MANOR, BROUGHSHANE, BALLYMENA, BT43 7NQ, NORTHERN IRELAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% Straight Line
Plant & machinery
20% Straight line
Motor vehicles
20% Straight Line
Fixtures & fittings
0% Straight Line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2022
120,065 
4,156 
63,880 
708 
188,809 
Additions
70,000 
- 
- 
3,520 
73,520 
At 31 October 2023
190,065 
4,156 
63,880 
4,228 
262,329 
Depreciation
At 1 November 2022
- 
2,076 
- 
358 
2,434 
Charge for the year
- 
880 
12,780 
850 
14,510 
At 31 October 2023
- 
2,956 
12,780 
1,208 
16,944 
Net book value
At 31 October 2023
190,065 
1,200 
51,100 
3,020 
245,385 
At 31 October 2022
120,065 
2,080 
63,880 
350 
186,375 
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Village Floors Limited Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
139,599 
159,949 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
20,893 
29,086 
VAT
62,561 
63,387 
Trade creditors
50,871 
58,741 
Taxes and social security
2,847 
1,826 
Loans from directors
91,680 
55,000 
Accruals
6,500 
3,000 
235,352 
211,040 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
30,511 
40,060 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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