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REGISTERED NUMBER: 07253622 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

M N D Floors Limited

M N D Floors Limited (Registered number: 07253622)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M N D Floors Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr L W Davis
Mrs M L Davis





REGISTERED OFFICE: Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ





REGISTERED NUMBER: 07253622 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

M N D Floors Limited (Registered number: 07253622)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 107,151 62,999

CURRENT ASSETS
Stocks 5 8,682 6,562
Debtors 6 254,140 359,358
Cash at bank 41,770 104,821
304,592 470,741
CREDITORS
Amounts falling due within one year 7 123,486 298,623
NET CURRENT ASSETS 181,106 172,118
TOTAL ASSETS LESS CURRENT
LIABILITIES

288,257

235,117

CREDITORS
Amounts falling due after more than one
year

8

50,464

55,164
NET ASSETS 237,793 179,953

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 237,785 179,945
SHAREHOLDERS' FUNDS 237,793 179,953

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

M N D Floors Limited (Registered number: 07253622)

Balance Sheet - continued
31 May 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 28 November 2024 and were signed on its behalf by:





Mr L W Davis - Director


M N D Floors Limited (Registered number: 07253622)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

M N D Floors 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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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 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.

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.

M N D Floors Limited (Registered number: 07253622)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£ £ £
COST
At 1 June 2023 - 9,715 1,716
Additions 22,620 847 884
Disposals - - -
At 31 May 2024 22,620 10,562 2,600
DEPRECIATION
At 1 June 2023 - 4,746 1,377
Charge for year 100 825 84
Eliminated on disposal - - -
At 31 May 2024 100 5,571 1,461
NET BOOK VALUE
At 31 May 2024 22,520 4,991 1,139
At 31 May 2023 - 4,969 339

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 June 2023 68,974 8,937 89,342
Additions 54,976 4,803 84,130
Disposals (31,991 ) - (31,991 )
At 31 May 2024 91,959 13,740 141,481
DEPRECIATION
At 1 June 2023 12,336 7,884 26,343
Charge for year 8,270 1,374 10,653
Eliminated on disposal (2,666 ) - (2,666 )
At 31 May 2024 17,940 9,258 34,330
NET BOOK VALUE
At 31 May 2024 74,019 4,482 107,151
At 31 May 2023 56,638 1,053 62,999

Included with fixed assets, are the following held under hire purchase -
Motor vehicles - NBV £9,024 (2015-£19,035) Depreciation £10,011 (2015-£10,011)

M N D Floors Limited (Registered number: 07253622)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. STOCKS
31.5.24 31.5.23
£ £
Stocks 8,682 6,562

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Trade debtors 91,828 268,006
Other debtors 162,312 91,352
254,140 359,358

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Bank loans and overdrafts (see note 9) 9,000 9,000
Hire purchase contracts 12,583 11,898
Trade creditors 31,130 12,431
Taxation and social security 67,123 90,349
Other creditors 3,650 174,945
123,486 298,623

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£ £
Bank loans (see note 9) 9,000 18,000
Hire purchase contracts 41,464 37,164
50,464 55,164

9. LOANS

An analysis of the maturity of loans is given below:

31.5.24 31.5.23
£ £
Amounts falling due within one year or on demand:
Bank loans 9,000 9,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,000 -

Amounts falling due between two and five years:
Bank loans - 1-5 years - 18,000

M N D Floors Limited (Registered number: 07253622)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£ £
Bank loans 18,000 -
Hire purchase contracts 54,047 49,062
72,047 49,062

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.2431.5.23
££
Director 1
Balance outstanding at start of year53,73445,398
Amounts advanced67,82650,134
Amounts repaid(45,648)(41,800)
Amounts written off--
Amounts waived--
Balance outstanding at end of year75,91253,734

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr L W Davis.