Company Registration No. 11576898 (England and Wales)
SYLK FLOORING LTD
Unaudited accounts
for the year ended 30 September 2024
SYLK FLOORING LTD
Unaudited accounts
Contents
SYLK FLOORING LTD
Company Information
for the year ended 30 September 2024
Company Number
11576898 (England and Wales)
Registered Office
40 AMBERLEY ROAD
MACCLESFIELD
SK11 8LX
UNITED KINGDOM
SYLK FLOORING LTD
Statement of financial position
as at 30 September 2024
Tangible assets
102,518
45,604
Cash at bank and in hand
76,349
20,442
Creditors: amounts falling due within one year
(159,081)
(248,148)
Net current assets
156,543
130,015
Total assets less current liabilities
259,061
175,619
Creditors: amounts falling due after more than one year
(99,108)
(79,943)
Called up share capital
1
1
Profit and loss account
159,952
95,675
Shareholders' funds
159,953
95,676
For the year ending 30 September 2024 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 director acknowledges his 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 and authorised for issue on 26 November 2024 and were signed on its behalf by
Matthew Hopley
Director
Company Registration No. 11576898
SYLK FLOORING LTD
Notes to the Accounts
for the year ended 30 September 2024
SYLK FLOORING LTD is a private company, limited by shares, registered in England and Wales, registration number 11576898. The registered office is 40 AMBERLEY ROAD, MACCLESFIELD, SK11 8LX, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
Depreciated on a straight-line basis over four years
Motor vehicles
Depreciated on a straight-line basis over four years
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 October 2023
5,745
70,627
76,372
At 30 September 2024
5,745
143,565
149,310
At 1 October 2023
1,436
29,332
30,768
Charge for the year
1,436
14,588
16,024
At 30 September 2024
2,872
43,920
46,792
At 30 September 2024
2,873
99,645
102,518
At 30 September 2023
4,309
41,295
45,604
SYLK FLOORING LTD
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Trade debtors
177,786
312,428
Amounts falling due after more than one year
Other debtors
29,489
15,293
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
12,000
44,225
Obligations under finance leases and hire purchase contracts
24,626
11,471
Taxes and social security
8,680
25,303
Other creditors
81,449
77,013
Loans from directors
32,326
90,136
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
59,784
28,591
Aggregate of amounts that fall due for payment after five years
2,444
6,111
BBL 2.5% Due 1-5 years- 14,658 Due 5+ years 2,444
Finance lease- Due 1-5 years 59,784 Due 5+ years 0
Other loan Due 1-5 years 22,222 Due 5+ years 0
8
Average number of employees
During the year the average number of employees was 11 (2023: 7).