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REGISTERED NUMBER: 02661108 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Decrofloor Limited

Decrofloor Limited (Registered number: 02661108)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Decrofloor Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mrs L J O'Neill





SECRETARY: Miss A B O'Neill





REGISTERED OFFICE: Unit B Lakeside Industrial Park
Marsh Lane
Water Orton
Birmingham
West Midlands
B46 1NS





REGISTERED NUMBER: 02661108 (England and Wales)





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

Decrofloor Limited (Registered number: 02661108)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 50,212 66,516

CURRENT ASSETS
Stocks 5 152,250 145,000
Debtors 6 258,473 175,909
Cash at bank - 108,841
410,723 429,750
CREDITORS
Amounts falling due within one year 7 307,585 289,313
NET CURRENT ASSETS 103,138 140,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

153,350

206,953

CREDITORS
Amounts falling due after more than one
year

8

(86,211

)

(135,491

)

PROVISIONS FOR LIABILITIES (8,733 ) (9,419 )
NET ASSETS 58,406 62,043

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve (108,970 ) (108,970 )
Retained earnings 167,326 170,963
58,406 62,043

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Decrofloor Limited (Registered number: 02661108)

Balance Sheet - continued
31 October 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 13 December 2024 and were signed by:





Mrs L J O'Neill - Director


Decrofloor Limited (Registered number: 02661108)

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

1. STATUTORY INFORMATION

Decrofloor 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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
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.

Decrofloor Limited (Registered number: 02661108)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 November 2023 54,143 35,648 114,235 12,458 216,484
Additions - - - 766 766
Disposals - - (19,500 ) - (19,500 )
At 31 October 2024 54,143 35,648 94,735 13,224 197,750
DEPRECIATION
At 1 November 2023 52,186 35,384 49,940 12,458 149,968
Charge for year 394 54 15,919 85 16,452
Eliminated on disposal - - (18,882 ) - (18,882 )
At 31 October 2024 52,580 35,438 46,977 12,543 147,538
NET BOOK VALUE
At 31 October 2024 1,563 210 47,758 681 50,212
At 31 October 2023 1,957 264 64,295 - 66,516

Included within the net book value above is £26,569 (2023 - £35,425), which relates to assets held under hire purchase agreements. The depreciation charge to the financial statements in the year in respect of such assets amounted to £8,856 (2023 - £nil).

5. STOCKS
31.10.24 31.10.23
£ £
Stocks 152,250 145,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£ £
Trade debtors 172,448 74,928
Other debtors 86,025 100,981
258,473 175,909

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£ £
Bank loans and overdrafts (see note 9) 56,939 50,000
Hire purchase contracts (see note 10) 6,770 6,770
Trade creditors 176,166 173,053
Taxation and social security 43,930 17,219
Other creditors 23,780 42,271
307,585 289,313

Decrofloor Limited (Registered number: 02661108)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£ £
Bank loans (see note 9) 65,901 108,411
Hire purchase contracts (see note 10) 20,310 27,080
86,211 135,491

9. LOANS

An analysis of the maturity of loans is given below:

31.10.24 31.10.23
£ £
Amounts falling due within one year or on demand:
Bank overdrafts 6,939 -
Bank loans 50,000 50,000
56,939 50,000

Amounts falling due between one and two years:
Bank loans - 1-5 years 65,901 108,411

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.10.24 31.10.23
£ £
Net obligations repayable:
Within one year 6,770 6,770
Between one and five years 20,310 27,080
27,080 33,850

Non-cancellable
operating leases
31.10.24 31.10.23
£ £
Within one year 70,000 70,000
Between one and five years 163,333 233,333
233,333 303,333

Decrofloor Limited (Registered number: 02661108)

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

11. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£ £
Bank loans 115,901 158,411
Hire purchase contracts 27,080 33,850
142,981 192,261

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:
31.10.2431.10.23
££
Director 1
Balance outstanding at start of year34,37618,448
Amounts advanced24,04534,378
Amounts repaid(34,377)(18,450)
Balance outstanding at end of year24,04434,376

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs L J O'Neill.