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REGISTERED NUMBER: 04693069 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Floor Design (IW) Limited

Floor Design (IW) Limited (Registered number: 04693069)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Floor Design (IW) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D Watkins
Mrs D Watkins
S T Watkins



SECRETARY: Mrs D Watkins



REGISTERED OFFICE: 16c Sandown Road
Lake
Isle of Wight
PO36 9JP



REGISTERED NUMBER: 04693069 (England and Wales)



ACCOUNTANTS: Allegri & Co.
16c Sandown Road
Lake
Isle of Wight
PO36 9JP



BANKERS: HSBC
61 High Street
Sandown
Isle of Wight
PO36 8AA

Floor Design (IW) Limited (Registered number: 04693069)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 475,576 474,099
Investments 5 13,790 -
489,366 474,099

CURRENT ASSETS
Stocks 40,000 40,000
Debtors 6 64,492 65,984
Cash at bank 39,158 90,301
143,650 196,285
CREDITORS
Amounts falling due within one year 7 122,988 128,891
NET CURRENT ASSETS 20,662 67,394
TOTAL ASSETS LESS CURRENT
LIABILITIES

510,028

541,493

CREDITORS
Amounts falling due after more than one
year

8

283,292

295,742
NET ASSETS 226,736 245,751

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 226,636 245,651
SHAREHOLDERS' FUNDS 226,736 245,751

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Floor Design (IW) Limited (Registered number: 04693069)

Balance Sheet - continued
30 June 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 14 January 2025 and were signed on its behalf by:





D Watkins - Director


Floor Design (IW) Limited (Registered number: 04693069)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Floor Design (IW) 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 etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

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

Floor Design (IW) Limited (Registered number: 04693069)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 451,586 45,339 496,925
Additions - 3,370 3,370
At 30 June 2024 451,586 48,709 500,295
DEPRECIATION
At 1 July 2023 - 22,826 22,826
Charge for year - 1,893 1,893
At 30 June 2024 - 24,719 24,719
NET BOOK VALUE
At 30 June 2024 451,586 23,990 475,576
At 30 June 2023 451,586 22,513 474,099

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30.6.24 30.6.23
£    £   
Land Rover Investment 13,790 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 64,492 65,984

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 22,897 18,602
Taxation and social security 14,154 21,961
Other creditors 85,937 88,328
122,988 128,891

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors 283,292 295,742

Floor Design (IW) Limited (Registered number: 04693069)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.6.24 30.6.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 190,098 190,098