IRIS Accounts Production v24.3.2.46 11009024 director 31.5.24 1.6.23 31.5.24 31.5.24 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. the delivery, installation and manufacture of pre-stressed concrete products for the construction industry. true true false true true false false false true false Ordinary 1.00000 Ordinary 2 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110090242023-05-31110090242024-05-31110090242023-06-012024-05-31110090242022-05-31110090242022-06-012023-05-31110090242023-05-3111009024ns15:EnglandWales2023-06-012024-05-3111009024ns14:PoundSterling2023-06-012024-05-3111009024ns10:Director12023-06-012024-05-3111009024ns10:Consolidated2024-05-3111009024ns10:ConsolidatedGroupCompanyAccounts2023-06-012024-05-3111009024ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3111009024ns10:Consolidatedns10:MediumEntities2023-06-012024-05-3111009024ns10:Consolidatedns10:Audited2023-06-012024-05-3111009024ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3111009024ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3111009024ns10:Consolidated2023-06-012024-05-3111009024ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-06-012024-05-3111009024ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForAccounts2023-06-012024-05-3111009024ns10:FullAccounts2023-06-012024-05-311100902412023-06-012024-05-3111009024ns10:OrdinaryShareClass12023-06-012024-05-3111009024ns10:OrdinaryShareClass32023-06-012024-05-3111009024ns10:RegisteredOffice2023-06-012024-05-3111009024ns10:Consolidated2022-06-012023-05-3111009024ns5:CurrentFinancialInstruments2024-05-3111009024ns5:CurrentFinancialInstruments2023-05-3111009024ns5:ShareCapital2024-05-3111009024ns5:ShareCapital2023-05-3111009024ns5:SharePremium2024-05-3111009024ns5:SharePremium2023-05-3111009024ns5:RetainedEarningsAccumulatedLosses2024-05-3111009024ns5:RetainedEarningsAccumulatedLosses2023-05-3111009024ns5:ShareCapital2022-05-3111009024ns5:RetainedEarningsAccumulatedLosses2022-05-3111009024ns5:SharePremium2022-05-3111009024ns5:RetainedEarningsAccumulatedLosses2022-06-012023-05-3111009024ns5:RetainedEarningsAccumulatedLosses2023-06-012024-05-311100902412023-06-012024-05-3111009024ns5:NetGoodwill2023-06-012024-05-3111009024ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3111009024ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-06-012024-05-3111009024ns5:LeaseholdImprovements2023-06-012024-05-3111009024ns5:PlantMachinery2023-06-012024-05-3111009024ns5:FurnitureFittings2023-06-012024-05-3111009024ns5:MotorVehicles2023-06-012024-05-3111009024ns5:ComputerEquipment2023-06-012024-05-3111009024ns5:LandBuildings2023-06-012024-05-3111009024ns5:LandBuildings2024-05-3111009024ns5:CostValuation2023-05-3111009024ns5:AdditionsToInvestments2024-05-3111009024ns5:CostValuation2024-05-3111009024ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3111009024ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3111009024ns10:OrdinaryShareClass12024-05-3111009024ns10:OrdinaryShareClass32024-05-31
REGISTERED NUMBER: 11009024 (England and Wales)











GROUP STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

AUDITED

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

FLOORSPAN INVESTMENTS LIMITED

FLOORSPAN INVESTMENTS LIMITED (REGISTERED NUMBER: 11009024)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Director 3

Report of the Independent Auditors 5

Consolidated Income Statement 9

Consolidated Other Comprehensive Income 10

Consolidated Balance Sheet 11

Company Balance Sheet 12

Consolidated Statement of Changes in Equity 13

Company Statement of Changes in Equity 14

Consolidated Cash Flow Statement 15

Notes to the Consolidated Cash Flow Statement 16

Notes to the Consolidated Financial Statements 17


FLOORSPAN INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: N K Dighton





REGISTERED OFFICE: 9 Commerce Road
Lynchwood
Peterborough
Cambridgeshire
PE2 6LR





REGISTERED NUMBER: 11009024 (England and Wales)





AUDITORS: TTCA Limited
Chartered accountants and statutory auditor
269 Farnborough Road
Farnborough
Hampshire
GU14 7LY

FLOORSPAN INVESTMENTS LIMITED (REGISTERED NUMBER: 11009024)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 MAY 2024

The director presents his strategic report of the company and the group for the year ended 31 May 2024.

Floorspan Investments Limited is a holding company. Floorspan Contracts Limited and Floorspan Holdings Limited are subsidiaries of Floorspan Investments Limited. The Group's trade is predominantly carried out by Floorspan Contracts Limited; this company's principal activities are the Design, Delivery, Installation and Manufacture of Pre-Stressed Concrete Products for the Construction Industry. Floorspan Holdings Limited holds the majority of Group's trading assets, including the industrial property.

The financial year 2023/2024 was one of relative commercial and economic stability and I am pleased to report that the Floorspan Group has again achieved a strong financial performance.

The last quarter of the financial year was foreshadowed by the prospect of a general election and a likely change in UK Government. This led to a minor, but noticeable slowdown in industry activity as interested parties and stakeholders assumed a watching brief.

Through hard work and perseverance, we were able to maximise the commercial opportunities available and establish new working relationships with a number of large regional operators that continue to grow.

Cost of living pressures remain, and we are sensitive to this. We continue to invest in our workforce and have seen
staff retention and wellbeing continue to improve.

I continue to maintain a strategic role in the business, with oversight of key decisions that relate to our future growth, prosperity and sustainability.

I entrust the day-to-day running of the business to the experienced, established Senior Management Team who have long demonstrated their careful stewardship of our family business. They remain a longstanding, efficient unit.

Looking to the future we will continue with our planned investment and expansion, with all funds coming from carefully managed savings and existing cash reserves.

ON BEHALF OF THE BOARD:





N K Dighton - Director


23 January 2025

FLOORSPAN INVESTMENTS LIMITED (REGISTERED NUMBER: 11009024)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 MAY 2024

The director presents his report with the financial statements of the company and the group for the year ended 31 May 2024.

DIVIDENDS
Interim dividends per share were paid during the year as follows:
Ordinary £1 - £1428.572 - 6 April 2024
Ordinary 2 £1 - £1428.572 - 6 April 2024

The total distribution of dividends for the year ended 31 May 2024 will be £ 150,000 .

DIRECTOR
N K Dighton held office during the whole of the period from 1 June 2023 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

FLOORSPAN INVESTMENTS LIMITED (REGISTERED NUMBER: 11009024)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 MAY 2024


AUDITORS
The auditors, TTCA Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:




N K Dighton - Director


23 January 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
FLOORSPAN INVESTMENTS LIMITED

Opinion
We have audited the financial statements of Floorspan Investments Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 May 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 May 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
FLOORSPAN INVESTMENTS LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
FLOORSPAN INVESTMENTS LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general auditing and accounting experience and through discussion with the directors and other management (as required by auditing standards), the policies and procedures regarding compliance with laws and regulations. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. The potential effect of these laws and regulations on the financial statements varies considerably.

Firstly, the company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation (including related companies legislation), distributable profits legislation and taxation legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

Secondly, the company is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statement, for instance through the imposition of fines or litigation. We identified areas as those most likely to have such an effect such as anti-bribery and certain aspects of company legislation. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection of regulatory and legal correspondence, if any.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
FLOORSPAN INVESTMENTS LIMITED

- Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern.

- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
internal control that we identify during our audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Thomas McManners BSc ACA (Senior Statutory Auditor)
for and on behalf of TTCA Limited
Chartered accountants and statutory auditor
269 Farnborough Road
Farnborough
Hampshire
GU14 7LY

27 January 2025

FLOORSPAN INVESTMENTS LIMITED (REGISTERED NUMBER: 11009024)

CONSOLIDATED
INCOME STATEMENT
FOR THE YEAR ENDED 31 MAY 2024

2024 2023
Notes £    £   

TURNOVER 19,770,037 20,848,004

Cost of sales 13,461,108 14,542,729
GROSS PROFIT 6,308,929 6,305,275

Administrative expenses 3,669,123 3,330,881
2,639,806 2,974,394

Other operating income 88,852 88,852
OPERATING PROFIT 5 2,728,658 3,063,246

Interest receivable and similar
income

246,894

73,677
2,975,552 3,136,923

Interest payable and similar
expenses

7

33,869

8,659
PROFIT BEFORE TAXATION 2,941,683 3,128,264

Tax on profit 8 857,664 559,450
PROFIT FOR THE FINANCIAL
YEAR

2,084,019

2,568,814
Profit attributable to:
Owners of the parent 2,084,019 2,568,814

FLOORSPAN INVESTMENTS LIMITED (REGISTERED NUMBER: 11009024)

CONSOLIDATED
OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MAY 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 2,084,019 2,568,814


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

2,084,019

2,568,814

Total comprehensive income attributable to:
Owners of the parent 2,084,019 2,568,814

FLOORSPAN INVESTMENTS LIMITED (REGISTERED NUMBER: 11009024)

CONSOLIDATED BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 11 - -
Tangible assets 12 5,861,554 4,104,999
Investments 13 - -
5,861,554 4,104,999

CURRENT ASSETS
Stocks 14 459,727 384,605
Debtors 15 5,212,583 3,909,507
Cash at bank and in hand 4,006,154 5,711,026
9,678,464 10,005,138
CREDITORS
Amounts falling due within one
year

16

2,884,523

3,640,905
NET CURRENT ASSETS 6,793,941 6,364,233
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,655,495

10,469,232

CREDITORS
Amounts falling due after more
than one year

17

(231,582

)

(84,259

)

PROVISIONS FOR LIABILITIES 19 (512,782 ) (407,861 )
NET ASSETS 11,911,131 9,977,112

CAPITAL AND RESERVES
Called up share capital 20 105 105
Share premium 21 61,510 61,510
Retained earnings 21 11,849,516 9,915,497
SHAREHOLDERS' FUNDS 11,911,131 9,977,112

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:





N K Dighton - Director


FLOORSPAN INVESTMENTS LIMITED (REGISTERED NUMBER: 11009024)

COMPANY BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 11 - -
Tangible assets 12 80,000 -
Investments 13 201 101
80,201 101

CURRENT ASSETS
Debtors 15 3,585,202 1,797,600
Cash at bank 2,960,469 3,801,005
6,545,671 5,598,605
CREDITORS
Amounts falling due within one
year

16

44,148

1,499,124
NET CURRENT ASSETS 6,501,523 4,099,481
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,581,724

4,099,582

CAPITAL AND RESERVES
Called up share capital 20 105 105
Share premium 61,510 61,510
Retained earnings 6,520,109 4,037,967
SHAREHOLDERS' FUNDS 6,581,724 4,099,582

Company's profit for the financial
year

2,632,142

51,167

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:





N K Dighton - Director


FLOORSPAN INVESTMENTS LIMITED (REGISTERED NUMBER: 11009024)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2024

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1 June 2022 105 7,621,683 61,510 7,683,298

Changes in equity
Dividends - (275,000 ) - (275,000 )
Total comprehensive income - 2,568,814 - 2,568,814
Balance at 31 May 2023 105 9,915,497 61,510 9,977,112

Changes in equity
Dividends - (150,000 ) - (150,000 )
Total comprehensive income - 2,084,019 - 2,084,019
Balance at 31 May 2024 105 11,849,516 61,510 11,911,131

FLOORSPAN INVESTMENTS LIMITED (REGISTERED NUMBER: 11009024)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2024

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1 June 2022 105 4,261,800 61,510 4,323,415

Changes in equity
Dividends - (275,000 ) - (275,000 )
Total comprehensive income - 51,167 - 51,167
Balance at 31 May 2023 105 4,037,967 61,510 4,099,582

Changes in equity
Dividends - (150,000 ) - (150,000 )
Total comprehensive income - 2,632,142 - 2,632,142
Balance at 31 May 2024 105 6,520,109 61,510 6,581,724

FLOORSPAN INVESTMENTS LIMITED (REGISTERED NUMBER: 11009024)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MAY 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 2,544,375 3,614,001
Interest paid (16,153 ) (641 )
Interest element of hire purchase
payments paid

(17,716

)

(8,018

)
Tax paid (866,466 ) (344,535 )
Net cash from operating activities 1,644,040 3,260,807

Cash flows from investing activities
Purchase of tangible fixed assets (2,520,931 ) (656,276 )
Sale of tangible fixed assets 19,417 43,590
Interest received 246,894 73,677
Net cash from investing activities (2,254,620 ) (539,009 )

Cash flows from financing activities
Loan repayments in year - (92,345 )
Capital repayments in year 163,657 (127,433 )
Amount introduced by directors 154,221 619,527
Amount withdrawn by directors (1,262,170 ) (153,557 )
Equity dividends paid (150,000 ) (275,000 )
Net cash from financing activities (1,094,292 ) (28,808 )

(Decrease)/increase in cash and cash
equivalents

(1,704,872

)

2,692,990
Cash and cash equivalents at
beginning of year

2

5,711,026

3,018,036

Cash and cash equivalents at
end of year

2

4,006,154

5,711,026

FLOORSPAN INVESTMENTS LIMITED (REGISTERED NUMBER: 11009024)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MAY 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2024 2023
£    £   
Profit before taxation 2,941,683 3,128,264
Depreciation charges 733,159 624,593
Loss on disposal of fixed assets 11,801 3,415
Finance costs 33,869 8,659
Finance income (246,894 ) (73,677 )
3,473,618 3,691,254
(Increase)/decrease in stocks (75,122 ) 87,228
Increase in trade and other debtors (630,016 ) (128,991 )
Decrease in trade and other creditors (224,105 ) (35,490 )
Cash generated from operations 2,544,375 3,614,001

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 May 2024
31.5.24 1.6.23
£    £   
Cash and cash equivalents 4,006,154 5,711,026
Year ended 31 May 2023
31.5.23 1.6.22
£    £   
Cash and cash equivalents 5,711,026 3,018,036


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.6.23 Cash flow At 31.5.24
£    £    £   
Net cash
Cash at bank and in hand 5,711,026 (1,704,872 ) 4,006,154
5,711,026 (1,704,872 ) 4,006,154
Debt
Finance leases (162,601 ) (163,657 ) (326,258 )
(162,601 ) (163,657 ) (326,258 )
Total 5,548,425 (1,868,529 ) 3,679,896

FLOORSPAN INVESTMENTS LIMITED (REGISTERED NUMBER: 11009024)

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

1. STATUTORY INFORMATION

Floorspan Investments 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty
The preparation of these financial statements in conformity with United Kingdom Generally Accepted Accounting Practice requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include accrued income and deferred income.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits with flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Freehold property - 5% on cost
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

FLOORSPAN INVESTMENTS LIMITED (REGISTERED NUMBER: 11009024)

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

2. ACCOUNTING POLICIES - continued

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

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 3,861,564 3,774,348
Social security costs 383,166 384,046
Other pension costs 160,398 148,646
4,405,128 4,307,040

FLOORSPAN INVESTMENTS LIMITED (REGISTERED NUMBER: 11009024)

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

3. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
2024 2023

Directors 1 1
Direct 65 65
Administrative 44 44
110 110

The average number of employees by undertakings that were proportionately consolidated during the year was 110 (2023 - 110 ) .

4. DIRECTORS' EMOLUMENTS
2024 2023
£    £   
Director's remuneration 9,100 9,100

5. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Hire of plant and machinery 492,545 488,008
Other operating leases 69,135 76,583
Depreciation - owned assets 733,158 624,593
Loss on disposal of fixed assets 11,801 3,415

6. AUDITORS' REMUNERATION
2024 2023
£    £   
Fees payable to the company's auditors for the audit of the
company's financial statements

19,800

19,810

7. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
No description 16,153 -
Mortgage - 641
Hire purchase 17,716 8,018
33,869 8,659

FLOORSPAN INVESTMENTS LIMITED (REGISTERED NUMBER: 11009024)

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

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 752,743 507,602
Over/under provision of tax - (946 )
Total current tax 752,743 506,656

Deferred tax 104,921 52,794
Tax on profit 857,664 559,450

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 2,941,683 3,128,264
Profit multiplied by the standard rate of corporation tax in
the UK of 25 % (2023 - 20.003 %)

735,421

625,747

Effects of:
Expenses not deductible for tax purposes 1,735 413
Depreciation in excess of capital allowances 120,508 13,583
Research and development tax credit - (80,293 )
Total tax charge 857,664 559,450

9. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


10. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim 142,857 267,857
Ordinary 2 shares of £1 each
Interim 7,143 7,143
150,000 275,000

FLOORSPAN INVESTMENTS LIMITED (REGISTERED NUMBER: 11009024)

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

11. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 30,800
AMORTISATION
At 1 June 2023
and 31 May 2024 30,800
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

12. TANGIBLE FIXED ASSETS

Group
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 June 2023 1,613,853 932,125 2,996,957
Additions 1,902,757 - 112,726
Disposals - - -
At 31 May 2024 3,516,610 932,125 3,109,683
DEPRECIATION
At 1 June 2023 384,890 481,726 1,713,816
Charge for year 52,617 67,578 202,019
Eliminated on disposal - - -
At 31 May 2024 437,507 549,304 1,915,835
NET BOOK VALUE
At 31 May 2024 3,079,103 382,821 1,193,848
At 31 May 2023 1,228,963 450,399 1,283,141

FLOORSPAN INVESTMENTS LIMITED (REGISTERED NUMBER: 11009024)

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

12. TANGIBLE FIXED ASSETS - continued

Group

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 127,394 2,247,027 122,523 8,039,879
Additions - 467,160 38,288 2,520,931
Disposals (127,394 ) (148,450 ) (9,885 ) (285,729 )
At 31 May 2024 - 2,565,737 150,926 10,275,081
DEPRECIATION
At 1 June 2023 111,544 1,155,491 87,413 3,934,880
Charge for year 15,850 355,137 39,957 733,158
Eliminated on disposal (127,394 ) (117,232 ) (9,885 ) (254,511 )
At 31 May 2024 - 1,393,396 117,485 4,413,527
NET BOOK VALUE
At 31 May 2024 - 1,172,341 33,441 5,861,554
At 31 May 2023 15,850 1,091,536 35,110 4,104,999

Company
Freehold
property
£   
COST
Additions 80,000
At 31 May 2024 80,000
NET BOOK VALUE
At 31 May 2024 80,000

FLOORSPAN INVESTMENTS LIMITED (REGISTERED NUMBER: 11009024)

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

13. FIXED ASSET INVESTMENTS

Company
Other
investments
£   
COST
At 1 June 2023 101
Additions 100
At 31 May 2024 201
NET BOOK VALUE
At 31 May 2024 201
At 31 May 2023 101

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Floorspan Contracts Limited
Registered office: 9 Commerce Road, Lynch Wood, Peterborough, United Kingdom, PE2 6LR
Nature of business: See note below
%
Class of shares: holding
Ordinary 100.00

The nature of the business is as follows: The delivery, installation and manufacture of pre-stressed concrete products for the construction industry.

Floorspan Holdings Limited
Registered office: 9 Commerce Road, Lynch Wood, Peterborough, United Kingdom, PE2 6LR
Nature of business: Holding of capital assets for group's trade
%
Class of shares: holding
Ordinary 100.00

Abbey Developments (Peterborough) Limited
Registered office: 9 Commerce Road, Lynch Wood, Peterborough, United Kingdom, PE2 6LR
Nature of business: Residential property developments
%
Class of shares: holding
Ordinary 100.00


FLOORSPAN INVESTMENTS LIMITED (REGISTERED NUMBER: 11009024)

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

14. STOCKS

Group
2024 2023
£    £   
Raw materials 84,154 166,018
Finished goods 375,573 218,587
459,727 384,605

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 2,539,199 2,437,569 - -
Amounts owed by group undertakings - - 3,585,202 1,797,600
Other debtors 1,782,452 1,233,359 - -
Directors' loan accounts 623,679 - - -
Tax 49,381 - - -
Prepayments 217,872 238,579 - -
5,212,583 3,909,507 3,585,202 1,797,600

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Hire purchase contracts (see note 18)
94,676

78,342

-

-
Trade creditors 1,368,984 1,409,567 - -
Amounts owed to group undertakings - - 100 1,486,330
Tax 443,260 507,602 44,048 12,794
Social security and other taxes 109,323 115,304 - -
VAT 27,588 54,821 - -
Other creditors 313,394 299,544 - -
Directors' loan accounts - 484,269 - -
Deferred income 267,785 373,579 - -
Accrued expenses 259,513 317,877 - -
2,884,523 3,640,905 44,148 1,499,124

17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

Group
2024 2023
£    £   
Hire purchase contracts (see note 18)
231,582

84,259

FLOORSPAN INVESTMENTS LIMITED (REGISTERED NUMBER: 11009024)

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

18. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 94,676 78,342
Between one and five years 231,582 84,259
326,258 162,601

19. PROVISIONS FOR LIABILITIES

Group
2024 2023
£    £   
Deferred tax 512,782 407,861

Group
Deferred
tax
£   
Balance at 1 June 2023 407,861
Provided during year 104,921
Balance at 31 May 2024 512,782

20. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
5 Ordinary 2 £1 5 5
105 105

FLOORSPAN INVESTMENTS LIMITED (REGISTERED NUMBER: 11009024)

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

21. RESERVES

Group
Retained Share
earnings premium Totals
£    £    £   

At 1 June 2023 9,915,497 61,510 9,977,007
Profit for the year 2,084,019 2,084,019
Dividends (150,000 ) (150,000 )
At 31 May 2024 11,849,516 61,510 11,911,026


22. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
N K Dighton
Balance outstanding at start of year (484,269 ) (18,299 )
Amounts advanced 1,262,170 153,557
Amounts repaid (154,222 ) (619,527 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 623,679 (484,269 )

23. RELATED PARTY DISCLOSURES

Westview Investments (Peterborough) Limited is a company in which N K Dighton is a director. This company is owned by Westview Holdings Limited; N K Dighton is also a director of Westview Holdings Limited. N K Dighton and his wife, Mrs S J Dighton, each own 12% of the shares in Westview Holdings Limited.

The company has provided an unsecured and interest-free loan to Westview Investments (Peterborough) Limited. At the balance sheet date, the amount loaned was £958,797 (2023: £644,803). Interest is to be charged from 01 June 2023 as per the bank of England base rate.

In addition to this, the company also leases commercial property from Westview Investments (Peterborough) Limited. During the year, the company paid £58,728 (2023: £62,650) to Westview Investments (Peterborough) Limited in respect of rental charges.

The company has made loans to L J Dighton, the son of N K Dighton. At the balance sheet date, the amount loaned to L J Dighton was £666,425 (2023: £297,128). Interest is charged on this loan at the HMRC beneficial interest rate. The loan is unsecured.

The company has made loans to Mrs L L Hart, the daughter of N K Dighton. At the balance sheet date, the amount loaned to Mrs L L Hart was £33,576 (2023: £39,577). Interest is charged on this loan at the HMRC beneficial interest rate. The loan is unsecured.

FLOORSPAN INVESTMENTS LIMITED (REGISTERED NUMBER: 11009024)

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

24. ULTIMATE CONTROLLING PARTY

The controlling party is N K Dighton.