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REGISTERED NUMBER: 04768756















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

FLOORING MART LIMITED

FLOORING MART LIMITED (REGISTERED NUMBER: 04768756)






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


FLOORING MART LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: A J S Palmer



REGISTERED OFFICE: 6 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL



REGISTERED NUMBER: 04768756



ACCOUNTANTS: Andrew Cross & Co.
Chartered Certified Accountants
6 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL



SOLICITORS: Gill Turner & Tucker,
Colemam House,
King Street
Maidstone
Kent
ME14 1JE

FLOORING MART LIMITED (REGISTERED NUMBER: 04768756)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 710 947
710 947

CURRENT ASSETS
Stocks 55,000 75,857
Debtors 6 26,361 23,957
Cash at bank 107,576 114,782
188,937 214,596
CREDITORS
Amounts falling due within one year 7 108,948 144,772
NET CURRENT ASSETS 79,989 69,824
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,699

70,771

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 79,699 69,771
SHAREHOLDERS' FUNDS 80,699 70,771

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 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 MART LIMITED (REGISTERED NUMBER: 04768756)

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 director and authorised for issue on 11 December 2024 and were signed by:





A J S Palmer - Director


FLOORING MART LIMITED (REGISTERED NUMBER: 04768756)

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

1. STATUTORY INFORMATION

Flooring Mart Limited is a private company, limited by shares , registered in Not specified/Other. 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 2003, 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 10% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 242,250
AMORTISATION
At 1 June 2023
and 31 May 2024 242,250
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

FLOORING MART LIMITED (REGISTERED NUMBER: 04768756)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 33,867
DEPRECIATION
At 1 June 2023 32,920
Charge for year 237
At 31 May 2024 33,157
NET BOOK VALUE
At 31 May 2024 710
At 31 May 2023 947

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,329 2,988
Other debtors 21,032 20,969
26,361 23,957

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 21,325 25,103
Taxation and social security 13,492 7,692
Other creditors 74,131 111,977
108,948 144,772