IRIS Accounts Production v24.3.0.553 05901166 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh059011662023-03-31059011662024-03-31059011662023-04-012024-03-31059011662022-03-31059011662022-04-012023-03-31059011662023-03-3105901166ns15:EnglandWales2023-04-012024-03-3105901166ns14:PoundSterling2023-04-012024-03-3105901166ns10:Director12023-04-012024-03-3105901166ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105901166ns10:SmallEntities2023-04-012024-03-3105901166ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3105901166ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3105901166ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105901166ns10:FullAccounts2023-04-012024-03-310590116612023-04-012024-03-3105901166ns10:Director22023-04-012024-03-3105901166ns10:CompanySecretary12023-04-012024-03-3105901166ns10:RegisteredOffice2023-04-012024-03-3105901166ns5:CurrentFinancialInstruments2024-03-3105901166ns5:CurrentFinancialInstruments2023-03-3105901166ns5:Non-currentFinancialInstruments2024-03-3105901166ns5:Non-currentFinancialInstruments2023-03-3105901166ns5:ShareCapital2024-03-3105901166ns5:ShareCapital2023-03-3105901166ns5:RetainedEarningsAccumulatedLosses2024-03-3105901166ns5:RetainedEarningsAccumulatedLosses2023-03-3105901166ns5:NetGoodwill2023-04-012024-03-3105901166ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3105901166ns5:PlantMachinery2023-04-012024-03-3105901166ns5:NetGoodwill2023-03-3105901166ns5:NetGoodwill2024-03-3105901166ns5:NetGoodwill2023-03-3105901166ns5:PlantMachinery2023-03-3105901166ns5:PlantMachinery2024-03-3105901166ns5:PlantMachinery2023-03-3105901166ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3105901166ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3105901166ns5:Secured2024-03-3105901166ns5:Secured2023-03-31
REGISTERED NUMBER: 05901166 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BAINTON FLOORING LIMITED

BAINTON FLOORING LIMITED (REGISTERED NUMBER: 05901166)






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


BAINTON FLOORING LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: D J Bainton
J R Young





SECRETARY: J R Young





REGISTERED OFFICE: 38 Middlehill Road
Wimborne
Dorset
BH21 2SE





REGISTERED NUMBER: 05901166 (England and Wales)





ACCOUNTANTS: Enhance
Chartered Accountants & Business Advisers
38 Middlehill Road
Wimborne
Dorset
BH21 2SE

BAINTON FLOORING LIMITED (REGISTERED NUMBER: 05901166)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 15,000
Tangible assets 5 57,112 58,096
57,112 73,096

CURRENT ASSETS
Stocks 79,001 121,499
Debtors 6 203,467 111,252
Cash at bank and in hand 21,587 160
304,055 232,911
CREDITORS
Amounts falling due within one year 7 263,140 154,141
NET CURRENT ASSETS 40,915 78,770
TOTAL ASSETS LESS CURRENT LIABILITIES 98,027 151,866

CREDITORS
Amounts falling due after more than one
year

8

(3,647

)

(61,080

)

PROVISIONS FOR LIABILITIES (14,279 ) (11,038 )
NET ASSETS 80,101 79,748

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 80,001 79,648
SHAREHOLDERS' FUNDS 80,101 79,748

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.

BAINTON FLOORING LIMITED (REGISTERED NUMBER: 05901166)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





D J Bainton - Director


BAINTON FLOORING LIMITED (REGISTERED NUMBER: 05901166)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Bainton Flooring 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten 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 - 25% on reducing balance and 20% on reducing balance

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.


BAINTON FLOORING LIMITED (REGISTERED NUMBER: 05901166)

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.

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 150,000
AMORTISATION
At 1 April 2023 135,000
Charge for year 15,000
At 31 March 2024 150,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 15,000

BAINTON FLOORING LIMITED (REGISTERED NUMBER: 05901166)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 101,389
Additions 16,295
Disposals (1,125 )
At 31 March 2024 116,559
DEPRECIATION
At 1 April 2023 43,293
Charge for year 16,506
Eliminated on disposal (352 )
At 31 March 2024 59,447
NET BOOK VALUE
At 31 March 2024 57,112
At 31 March 2023 58,096

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 183,187 105,654
Other debtors 20,280 5,598
203,467 111,252

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 24,317
Hire purchase contracts 1,767 1,684
Trade creditors 105,695 81,051
Taxation and social security 56,412 25,377
Other creditors 99,266 21,712
263,140 154,141

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 1,767
Amounts owed to group undertakings 3,647 59,313
3,647 61,080

BAINTON FLOORING LIMITED (REGISTERED NUMBER: 05901166)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft - 24,317

10. RELATED PARTY DISCLOSURES

The directors have a joint loan account with the company. The balance owed to the directors at the end of the year was £8,056 (2023: £9,971). The loan is interest free and repayable on demand.

The company is a wholly owned subsidiary of Brackers Limited. At the year end the company owed Brackers Limited £3,647 (2023: £59,313). The loan is interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The company is under the control of Brackers Ltd, an entity which owns 100% of the issued share capital.