Company Registration No. 10243462 (England and Wales)
CONCEPT FLOORING SOLUTIONS LTD
Unaudited accounts
for the year ended 30 June 2024
CONCEPT FLOORING SOLUTIONS LTD
Unaudited accounts
Contents
CONCEPT FLOORING SOLUTIONS LTD
Company Information
for the year ended 30 June 2024
Directors
Mark Faulkner
Stephen Michael Horn
Company Number
10243462 (England and Wales)
Registered Office
6 ST ACCOUNTANCY LTD, THE SQUARE
MARTLESHAM HEATH
IPSWICH
IP5 3SL
ENGLAND
Accountants
ST Accountancy Services Ltd
Corner House
Market Place
Braintree
Essex
CM7 3HQ
CONCEPT FLOORING SOLUTIONS LTD
Statement of financial position
as at 30 June 2024
Tangible assets
6,941
9,254
Cash at bank and in hand
867
1,087
Creditors: amounts falling due within one year
(37,115)
(73,225)
Net current liabilities
(25,984)
(41,274)
Net liabilities
(19,043)
(32,020)
Called up share capital
120
120
Profit and loss account
(19,163)
(32,140)
Shareholders' funds
(19,043)
(32,020)
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 6 January 2025 and were signed on its behalf by
Mark Faulkner
Director
Company Registration No. 10243462
CONCEPT FLOORING SOLUTIONS LTD
Notes to the Accounts
for the year ended 30 June 2024
CONCEPT FLOORING SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 10243462. The registered office is 6 ST ACCOUNTANCY LTD, THE SQUARE, MARTLESHAM HEATH, IPSWICH, IP5 3SL, ENGLAND.
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:
Motor vehicles
25% Reducing Balance
Computer equipment
20% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The accounts are prepared on the going concern basis and have been supported by the directors contributions.
CONCEPT FLOORING SOLUTIONS LTD
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2023
24,007
542
24,549
At 30 June 2024
24,007
542
24,549
At 1 July 2023
15,187
108
15,295
Charge for the year
2,205
108
2,313
At 30 June 2024
17,392
216
17,608
At 30 June 2024
6,615
326
6,941
At 30 June 2023
8,820
434
9,254
Amounts falling due within one year
Accrued income and prepayments
-
2,500
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
12,047
14,486
Obligations under finance leases and hire purchase contracts
-
7,288
Trade creditors
7,116
3,880
Taxes and social security
2,718
8,245
Other creditors
1,700
1,700
Loans from directors
11,089
33,855
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).