IRIS Accounts Production v24.3.0.553 03783879 Board of Directors Board of Directors 1.8.23 31.7.24 31.7.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037838792023-07-31037838792024-07-31037838792023-08-012024-07-31037838792022-07-31037838792022-08-012023-07-31037838792023-07-3103783879ns15:EnglandWales2023-08-012024-07-3103783879ns14:PoundSterling2023-08-012024-07-3103783879ns10:Director12023-08-012024-07-3103783879ns10:Director22023-08-012024-07-3103783879ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3103783879ns10:SmallEntities2023-08-012024-07-3103783879ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3103783879ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3103783879ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3103783879ns10:FullAccounts2023-08-012024-07-310378387912023-08-012024-07-3103783879ns10:CompanySecretary12023-08-012024-07-3103783879ns10:RegisteredOffice2023-08-012024-07-3103783879ns5:CurrentFinancialInstruments2024-07-3103783879ns5:CurrentFinancialInstruments2023-07-3103783879ns5:Non-currentFinancialInstruments2024-07-3103783879ns5:Non-currentFinancialInstruments2023-07-3103783879ns5:ShareCapital2024-07-3103783879ns5:ShareCapital2023-07-3103783879ns5:CapitalRedemptionReserve2024-07-3103783879ns5:CapitalRedemptionReserve2023-07-3103783879ns5:RetainedEarningsAccumulatedLosses2024-07-3103783879ns5:RetainedEarningsAccumulatedLosses2023-07-3103783879ns5:NetGoodwill2023-08-012024-07-3103783879ns5:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3103783879ns5:LandBuildingsns5:ShortLeaseholdAssets2023-08-012024-07-3103783879ns5:PlantMachinery2023-08-012024-07-3103783879ns5:FurnitureFittings2023-08-012024-07-3103783879ns5:MotorVehicles2023-08-012024-07-3103783879ns5:ComputerEquipment2023-08-012024-07-3103783879ns5:NetGoodwill2023-07-3103783879ns5:NetGoodwill2024-07-3103783879ns5:NetGoodwill2023-07-3103783879ns5:LandBuildingsns5:ShortLeaseholdAssets2023-07-3103783879ns5:PlantMachinery2023-07-3103783879ns5:FurnitureFittings2023-07-3103783879ns5:LandBuildingsns5:ShortLeaseholdAssets2024-07-3103783879ns5:PlantMachinery2024-07-3103783879ns5:FurnitureFittings2024-07-3103783879ns5:LandBuildingsns5:ShortLeaseholdAssets2023-07-3103783879ns5:PlantMachinery2023-07-3103783879ns5:FurnitureFittings2023-07-3103783879ns5:MotorVehicles2023-07-3103783879ns5:ComputerEquipment2023-07-3103783879ns5:MotorVehicles2024-07-3103783879ns5:ComputerEquipment2024-07-3103783879ns5:MotorVehicles2023-07-3103783879ns5:ComputerEquipment2023-07-3103783879ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3103783879ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3103783879ns5:Secured2024-07-3103783879ns5:Secured2023-07-31
REGISTERED NUMBER: 03783879 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

THE FLOOR SHOP LIMITED

THE FLOOR SHOP LIMITED (REGISTERED NUMBER: 03783879)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THE FLOOR SHOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr Y C Anastasiou
Mr T Anastasiou





SECRETARY: Mr Y C Anastasiou





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 03783879 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

THE FLOOR SHOP LIMITED (REGISTERED NUMBER: 03783879)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,000 50,000
Tangible assets 5 125,941 158,304
150,941 208,304

CURRENT ASSETS
Stocks 6 139,444 121,747
Debtors 7 205,694 203,752
Cash at bank and in hand 109,146 109,313
454,284 434,812
CREDITORS
Amounts falling due within one year 8 316,676 373,122
NET CURRENT ASSETS 137,608 61,690
TOTAL ASSETS LESS CURRENT
LIABILITIES

288,549

269,994

CREDITORS
Amounts falling due after more than one
year

9

267,906

237,161
NET ASSETS 20,643 32,833

CAPITAL AND RESERVES
Called up share capital 866 866
Capital redemption reserve 434 434
Retained earnings 19,343 31,533
SHAREHOLDERS' FUNDS 20,643 32,833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 FLOOR SHOP LIMITED (REGISTERED NUMBER: 03783879)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:




Mr Y C Anastasiou - Director



Mr T Anastasiou - Director


THE FLOOR SHOP LIMITED (REGISTERED NUMBER: 03783879)

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

1. STATUTORY INFORMATION

The Floor Shop 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 represents net sales of goods and services, excluding value added tax.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty 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.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on 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.

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 statement of financial position date.

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 14 (2023 - 10 ) .

THE FLOOR SHOP LIMITED (REGISTERED NUMBER: 03783879)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 500,000
AMORTISATION
At 1 August 2023 450,000
Amortisation for year 25,000
At 31 July 2024 475,000
NET BOOK VALUE
At 31 July 2024 25,000
At 31 July 2023 50,000

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 August 2023 750 36,246 42,003
Additions - - -
At 31 July 2024 750 36,246 42,003
DEPRECIATION
At 1 August 2023 750 33,525 37,326
Charge for year - 680 1,169
At 31 July 2024 750 34,205 38,495
NET BOOK VALUE
At 31 July 2024 - 2,041 3,508
At 31 July 2023 - 2,721 4,677

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 159,380 18,512 256,891
Additions 3,100 4,691 7,791
At 31 July 2024 162,480 23,203 264,682
DEPRECIATION
At 1 August 2023 9,961 17,025 98,587
Charge for year 37,419 886 40,154
At 31 July 2024 47,380 17,911 138,741
NET BOOK VALUE
At 31 July 2024 115,100 5,292 125,941
At 31 July 2023 149,419 1,487 158,304

THE FLOOR SHOP LIMITED (REGISTERED NUMBER: 03783879)

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

6. STOCKS
2024 2023
£    £   
Stocks 139,444 121,747

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 79,385 97,474
Amounts owed by connected companies 41,689 43,439
Other debtors 84,620 62,839
205,694 203,752

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 38,350 16,898
Hire purchase contracts 17,333 17,333
Trade creditors 109,732 150,240
Taxation and social security 130,349 107,403
Other creditors 20,912 81,248
316,676 373,122

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 172,524 124,446
Hire purchase contracts 95,382 112,715
267,906 237,161

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 36,103

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 210,874 141,344

11. RELATED PARTY DISCLOSURES

Included in debtors, amounts falling due within one year, is an interest free amount of £41,689 (2023: £43,439) due from an associated company.

Included in creditors, amounts falling due within one year, is an interest free amount of £3,176 (2023: £3,134) due to the directors.

12. ULTIMATE CONTROLLING PARTY

During the period under review, the company was not under the control of any one individual.