IRIS Accounts Production v24.3.0.553 07158874 director 1.3.23 29.2.24 29.2.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071588742023-02-28071588742024-02-29071588742023-03-012024-02-29071588742022-02-28071588742022-03-012023-02-28071588742023-02-2807158874ns15:EnglandWales2023-03-012024-02-2907158874ns14:PoundSterling2023-03-012024-02-2907158874ns10:Director12023-03-012024-02-2907158874ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2907158874ns10:SmallEntities2023-03-012024-02-2907158874ns10:AuditExemptWithAccountantsReport2023-03-012024-02-2907158874ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2907158874ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2907158874ns10:FullAccounts2023-03-012024-02-290715887412023-03-012024-02-2907158874ns10:OrdinaryShareClass12023-03-012024-02-2907158874ns10:RegisteredOffice2023-03-012024-02-2907158874ns5:CurrentFinancialInstruments2024-02-2907158874ns5:CurrentFinancialInstruments2023-02-2807158874ns5:Non-currentFinancialInstruments2024-02-2907158874ns5:Non-currentFinancialInstruments2023-02-2807158874ns5:ShareCapital2024-02-2907158874ns5:ShareCapital2023-02-2807158874ns5:RetainedEarningsAccumulatedLosses2024-02-2907158874ns5:RetainedEarningsAccumulatedLosses2023-02-2807158874ns5:NetGoodwill2023-03-012024-02-2907158874ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2907158874ns5:PlantMachinery2023-03-012024-02-2907158874ns5:NetGoodwill2023-02-2807158874ns5:NetGoodwill2024-02-2907158874ns5:NetGoodwill2023-02-2807158874ns5:PlantMachinery2023-02-2807158874ns5:PlantMachinery2024-02-2907158874ns5:PlantMachinery2023-02-2807158874ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2907158874ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2807158874ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-02-2907158874ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-02-2807158874ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-02-2907158874ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-02-2807158874ns5:AcceleratedTaxDepreciationDeferredTax2024-02-2907158874ns5:AcceleratedTaxDepreciationDeferredTax2023-02-2807158874ns5:DeferredTaxation2023-02-2807158874ns5:DeferredTaxation2023-03-012024-02-2907158874ns5:DeferredTaxation2024-02-2907158874ns10:OrdinaryShareClass12024-02-29071588741ns10:Director12023-02-28071588741ns10:Director12022-02-28071588741ns10:Director12023-03-012024-02-29071588741ns10:Director12022-03-012023-02-28071588741ns10:Director12024-02-29071588741ns10:Director12023-02-28
REGISTERED NUMBER: 07158874 (England and Wales)










Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Flooring Contracts Ltd

Flooring Contracts Ltd (Registered number: 07158874)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Flooring Contracts Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: R Hall





REGISTERED OFFICE: 6 High Croft
Leighton Buzzard
LU7 4RG





REGISTERED NUMBER: 07158874 (England and Wales)





ACCOUNTANTS: Danton Partners
7 Merlin Courtyard
Gatehouse Close
Aylesbury
Buckinghamshire
HP19 8DP

Flooring Contracts Ltd (Registered number: 07158874)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,526 5,893
12,526 5,893

CURRENT ASSETS
Debtors 6 52,687 65,629
Cash at bank 1,511 3,509
54,198 69,138
CREDITORS
Amounts falling due within one year 7 43,104 52,737
NET CURRENT ASSETS 11,094 16,401
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,620

22,294

CREDITORS
Amounts falling due after more than one
year

8

(18,704

)

(20,533

)

PROVISIONS FOR LIABILITIES 9 - (1,417 )
NET ASSETS 4,916 344

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 4,914 342
SHAREHOLDERS' FUNDS 4,916 344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Flooring Contracts Ltd (Registered number: 07158874)

Balance Sheet - continued
29 February 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 18 November 2024 and were signed by:





R Hall - Director


Flooring Contracts Ltd (Registered number: 07158874)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Flooring Contracts Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Flooring Contracts Ltd (Registered number: 07158874)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 2,000
AMORTISATION
At 1 March 2023
and 29 February 2024 2,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 11,250
Additions 12,802
At 29 February 2024 24,052
DEPRECIATION
At 1 March 2023 5,357
Charge for year 6,169
At 29 February 2024 11,526
NET BOOK VALUE
At 29 February 2024 12,526
At 28 February 2023 5,893

6. DEBTORS
29.2.24 28.2.23
£    £   
Amounts falling due within one year:
Other debtors 41,391 52,366

Amounts falling due after more than one year:
Other debtors 11,296 13,263

Aggregate amounts 52,687 65,629

Flooring Contracts Ltd (Registered number: 07158874)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 8,800 8,800
Hire purchase contracts 2,782 1,653
Tax 30,256 40,055
VAT 1,266 2,229
43,104 52,737

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans - 2-6 years 11,835 20,533
Hire purchase contracts 6,869 -
18,704 20,533

9. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax
Accelerated capital allowances - 1,417

Deferred
tax
£   
Balance at 1 March 2023 1,417
Credit to Income Statement during year (1,417 )
Accelerated capital allowances
Balance at 29 February 2024 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2 Ordinary £1 2 2

Flooring Contracts Ltd (Registered number: 07158874)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
R Hall
Balance outstanding at start of year 19,144 16,821
Amounts advanced 48,598 33,864
Amounts repaid (52,299 ) (31,541 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,443 19,144

12. ULTIMATE CONTROLLING PARTY

R Hall, by virtue of his shareholdings in the company, the ultimate controller of the company.

Flooring Contracts Ltd

Report of the Accountants to the Director of
Flooring Contracts Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Danton Partners
7 Merlin Courtyard
Gatehouse Close
Aylesbury
Buckinghamshire
HP19 8DP


18 November 2024