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REGISTERED NUMBER: 03173356 (England and Wales)















H V B FLOORING SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






H V B FLOORING SERVICES LIMITED (REGISTERED NUMBER: 03173356)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H V B FLOORING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: H V Bickerton
L A Rawsthorne
S V Bickerton





SECRETARY: Ms T Smith





REGISTERED OFFICE: Vernon House
Whitefield Road
Bredbury
Stockport
Cheshire
SK6 2QR





REGISTERED NUMBER: 03173356 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

H V B FLOORING SERVICES LIMITED (REGISTERED NUMBER: 03173356)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,934 6,605

CURRENT ASSETS
Stocks 96,794 82,684
Debtors 5 356,159 291,196
Cash at bank and in hand 279 18,895
453,232 392,775
CREDITORS
Amounts falling due within one year 6 314,508 261,382
NET CURRENT ASSETS 138,724 131,393
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,658

137,998

CREDITORS
Amounts falling due after more than one
year

7

-

(3,334

)

PROVISIONS FOR LIABILITIES (1,233 ) (1,651 )
NET ASSETS 142,425 133,013

CAPITAL AND RESERVES
Called up share capital 9 304 304
Retained earnings 142,121 132,709
SHAREHOLDERS' FUNDS 142,425 133,013

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.

H V B FLOORING SERVICES LIMITED (REGISTERED NUMBER: 03173356)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





S V Bickerton - Director


H V B FLOORING SERVICES LIMITED (REGISTERED NUMBER: 03173356)

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


1. STATUTORY INFORMATION

H V B Flooring Services 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.

The financial statements are presented in Sterling (£).

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
The turnover shown in the profit and loss account represents the value of all goods sold during the period, less returns received, at selling price exclusive of Value Added Tax. Sales are recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the product, such as obsolescence, have been transferred to the customer.

Tangible fixed assets
Depreciation is calculated so as to write off the cost of an asset, net of anticipated disposal proceeds, over the useful economic life of that asset as follows:

Equipment, fixtures and fittings- 20% reducing balance
Office equipment- 35% straight line
Motor vehicles- 25% reducing balance

Stocks
Stocks 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 the normal cost of transporting stock to its present location and condition. Cost includes material and direct labour costs together with an appropriate proportion of production overheads, and interest costs directly relating to the associated funding of stocks. Net realisable value is the anticipated sales proceeds less any costs of disposal.

Work in progress
Work in progress is valued on the basis of direct material and labour costs plus attributable overheads based on a normal level of activity.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

H V B FLOORING SERVICES LIMITED (REGISTERED NUMBER: 03173356)

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


2. ACCOUNTING POLICIES - continued

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

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 15 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Equipment,
fixtures Motor Office
& fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 43,023 6,125 37,828 86,976
DEPRECIATION
At 1 April 2023 38,690 4,672 37,009 80,371
Charge for year 867 363 441 1,671
At 31 March 2024 39,557 5,035 37,450 82,042
NET BOOK VALUE
At 31 March 2024 3,466 1,090 378 4,934
At 31 March 2023 4,333 1,453 819 6,605

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 201,159 133,258
Amounts owed by group undertakings 155,000 155,000
Prepayments and accrued income - 2,938
356,159 291,196

H V B FLOORING SERVICES LIMITED (REGISTERED NUMBER: 03173356)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,334 20,000
Trade creditors 146,461 93,215
Amounts owed to group undertakings 15,787 15,787
Corporation tax 34,527 32,914
Social security and other taxes 12,941 8,387
VAT 18,601 17,112
Other creditors 7,437 914
Directors' current accounts 21,063 18,916
Accruals and deferred income 54,357 54,137
314,508 261,382

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 3,334

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 29,205 41,191
Between one and five years - 29,205
29,205 70,396

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
250 Ordinary £1 250 250
54 Other Ordinary £1 54 54
304 304

Other ordinary shares consist of 30 B shares, 20 C shares and 4 D shares.

10. ULTIMATE CONTROLLING PARTY

There is no overall controlling party.