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REGISTERED NUMBER: 07599035 (England and Wales)















ACTIVE FLOORING SOLUTIONS LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Statement of Income and Retained Earnings 10

Balance Sheet 11

Notes to the Financial Statements 12


ACTIVE FLOORING SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: E M L Greenhough
R M Fell
Mrs L A Keher
A G Lomas
A K Storey





REGISTERED OFFICE: 1 Molyneux Way
Aintree
Liverpool
L10 2JA





REGISTERED NUMBER: 07599035 (England and Wales)





AUDITORS: Clarke Nicklin LLP
Chartered Accountants and
Statutory Auditors
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2024


The directors present their strategic report for the year ended 30 April 2024.

REVIEW OF BUSINESS
The financial year ending 30 April 2024 has been a period of growth and operational development for the company. A key highlight was strengthening our presence and service capabilities in the South region, aligning with our objective to enhance client service across the UK.

We maintain good relations and preferred status with a number of the UK's leading contractors, reflecting our commitment to quality, service excellence, and strong client relationships.

PRINCIPAL RISKS AND UNCERTAINTIES
The business operates within the UK construction sector, which is subject to economic fluctuations, supply chain disruptions, and regulatory changes. However, the directors are confident that the company’s quality management system and proactive risk assessment processes are sufficient to mitigate potential risks. Regular audits, robust supply chain management, and continuous staff training are key components of our risk management strategy.

FINANCIAL RISK MANAGEMENT
The company is exposed to financial risks, including fluctuations in interest rates and credit risk. The directors note that the company maintains a strong cash position, providing resilience against financial uncertainties. The primary credit risk relates to trade debtors; however, the company mitigates this through comprehensive credit insurance and ongoing credit reviews. This ensures that any potential issues are identified early and addressed promptly.

LIQUIDITY RISK
Active Flooring Solutions maintains a proactive approach to cash flow management. Regular cash flow forecasts are conducted to ensure that sufficient funds are available to meet operational needs. This is further supported by established banking facilities, providing flexibility and financial stability to the business.

FINANCIAL KEY PERFORMANCE INDICATORS
2024 2023
£    £   

Revenue 17,868 16,282
Gross Profit 4,924 4,168
Administrative Expenses 2,602 1,919
Profit before tax 2,369 2,272

Gross profit margin 27.6% 25.6%


ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2024

DEVELOPMENT AND PERFORMANCE
Looking ahead, the directors remain optimistic about the company’s growth prospects. The focus will continue to be on delivering high-quality services to clients, with sustainability initiatives playing an increasingly important role. With a strong pipeline of projects and a dedicated team, the company is well-positioned for continued success in the coming year.

ON BEHALF OF THE BOARD:



Mrs L A Keher - Director


15 January 2025

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 APRIL 2024


The directors present their report with the financial statements of the company for the year ended 30 April 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of floor specialists.

DIVIDENDS
The total distribution of dividends for the year ended 30 April 2024 will be £ 1,082,151 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2023 to the date of this report.

E M L Greenhough
R M Fell
Mrs L A Keher
A G Lomas
A K Storey

CREDITOR PAYMENT POLICY
It is the company's policy that payments to suppliers are made in accordance with those terms and conditions agreed between the company and its suppliers, provided that all trading terms and conditions have been complied with.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are 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 directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company 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 directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 APRIL 2024


AUDITORS
The auditors, Clarke Nicklin LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mrs L A Keher - Director


15 January 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ACTIVE FLOORING SOLUTIONS LIMITED


Opinion
We have audited the financial statements of Active Flooring Solutions Limited (the 'company') for the year ended 30 April 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and 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 company's affairs as at 30 April 2024 and of its 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 company 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 directors' 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 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 directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, 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
ACTIVE FLOORING SOLUTIONS 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 Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

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, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are 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 directors determine 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 directors are responsible for assessing the 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 directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ACTIVE FLOORING SOLUTIONS 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:

Procedures to identify risks:
- enquiring of management concerning the company's procedures relating to: identifying, evaluating and
complying with laws and regulations and whether they were aware of any instances of noncompliance;
detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected
or alleged fraud;
- discussing among the engagement team regarding how and where fraud might occur in the financial
statements and any potential indicators of fraud. As part of this discussion, we identified potential for fraud
in the following areas: timing of recognition of sales and purchases and their related stock movements,
posting of unusual journals; and
- obtaining an understanding of the legal and regulatory frameworks that the company operates in, focusing
on those laws and regulations that had a direct effect on the financial statements or that had a
fundamental effect on the operations of the company. The key laws and regulations we considered in this
context included UK Companies Act, employment law, health and safety, pensions legislation and tax
legislation.

The procedures to respond to risks identified included:
- reviewing the financial statement disclosures and testing to supporting documentation to assess
compliance with relevant laws and regulations discussed above;
- enquiring of management, concerning actual and potential litigation and claims;
- performing analytical procedures to identify any unusual or unexpected relationships that may indicate
risks of material misstatement due to fraud;
- reviewing correspondence with HMRC;
- testing the timing and matching of income and expense transactions relating to stock movements either
side of the year end; and
- in addressing the risk of fraud through management override of controls, testing the appropriateness of
journal entries and other adjustments; assessing whether the judgements made in making accounting
estimates are indicative of a potential bias; and evaluating the business rationale of any significant
transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulation that are not closely related to events and transactions reflected in the financial statements. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detection one resulting from an error, as fraud may involve deliberate concealment, by for example, forgery or intentional misrepresentation, or through collusion.

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.

Other matters which we are required to address
The prior period financial statements were not audited.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ACTIVE FLOORING SOLUTIONS LIMITED


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.




Andrew Baggott (Senior Statutory Auditor)
for and on behalf of Clarke Nicklin LLP
Chartered Accountants and
Statutory Auditors
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

15 January 2025

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
Notes £    £   

TURNOVER 4 17,868,752 16,282,802

Cost of sales 12,943,818 12,114,636
GROSS PROFIT 4,924,934 4,168,166

Administrative expenses 2,602,708 1,919,077
2,322,226 2,249,089

Other operating income 8,910 17,100
OPERATING PROFIT 6 2,331,136 2,266,189

Interest receivable and similar income 38,272 6,057
PROFIT BEFORE TAXATION 2,369,408 2,272,246

Tax on profit 7 610,993 448,619
PROFIT FOR THE FINANCIAL YEAR 1,758,415 1,823,627

Retained earnings at beginning of year 1,943,393 1,629,766

Dividends 8 (1,082,151 ) (1,510,000 )

RETAINED EARNINGS AT END OF
YEAR

2,619,657

1,943,393

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 158,259 43,083
Investment property 10 20,000 20,000
178,259 63,083

CURRENT ASSETS
Debtors 11 5,394,707 4,752,620
Cash at bank and in hand 1,055,900 845,638
6,450,607 5,598,258
CREDITORS
Amounts falling due within one year 12 3,963,541 3,701,074
NET CURRENT ASSETS 2,487,066 1,897,184
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,665,325

1,960,267

PROVISIONS FOR LIABILITIES 14 39,565 10,771
NET ASSETS 2,625,760 1,949,496

CAPITAL AND RESERVES
Called up share capital 15 107 107
Share premium 16 5,996 5,996
Retained earnings 16 2,619,657 1,943,393
SHAREHOLDERS' FUNDS 2,625,760 1,949,496

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2025 and were signed on its behalf by:




E M L Greenhough - Director



Mrs L A Keher - Director


ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Active Flooring Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
In carrying out their duties in respect of going concern, the directors have carried out a review of the Company's financial position and cash flow forecast for a period of 12 months from the date of approval of these financial statements. The forecasts have been based on a comprehensive review of revenue, expenditure and cash flows, taking into account specific business risks and the uncertainties brought about by the current economic environment.

To ensure the continuation of the Company the directors regularly review the cash flows of the Company both in the short and medium term, have a thorough approach to managing the working capital and hold regular reviews, which includes an assessment of any bad debt risk. This is supported by monitoring of key performance indicators.

The Company's ability to continue as a going concern depends on it being able to respond to market trends and to capture new business opportunities arising in the market. The business continues to evolve in response to customers' needs.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Turnover
Profit is recognised at the fair value of the consideration received for installation and completion work for flooring projects. This is measured by reference to the stage of completion of each contract where there is reasonable certainty that the contract will be profitable and is shown net of VAT and other sales related taxes. Where the outcome of the contract cannot be established with reasonable certainty no profit is recognised. Foreseeable losses are provided for to the extent they are anticipated.

Where the progress of contracts is measured overtime the revenue recognised reflects the value of the contract with reference to a survey of work performed. Normally this survey is conducted by a third party and as valuation certificate received.

Where the value of work done exceeds the amounts invoiced, the excess is accounted for as amounts recoverable on contracts and is included within debtors.

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

All revenue recognised arises from the provision of construction-related services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
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.

Long term contracts
Long term contracts are assessed on a contract by contract basis and are reflected in the profit and loss account by recording turnover and related costs as contract progresses. Where the outcome of a contract can be assessed with reasonable certainty before its conclusion, the attributable profit is recognised in the profit and loss account as the difference between reported turnover and related costs for that contract.

Cash at bank and in hand.
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short term-liquid investments with original maturities of three months or less.

3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experienced other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both the current and future periods.

Depreciation
The rates of depreciation of the various classes of fixed asset have been used consistently from prior years to current year.

Retention Reserve
An estimate is made of the amount of retentions that management consider are irrecoverable.

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2024 2023
£    £   
Flooring contractors 17,868,752 16,282,802
17,868,752 16,282,802

An analysis of turnover by geographical market is given below:

2024 2023
£    £   
United Kingdom 17,868,752 16,282,802
17,868,752 16,282,802

5. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 1,154,739 808,916
Social security costs 163,579 117,209
Other pension costs 297,915 230,472
1,616,233 1,156,597

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

Management 5 5
Administration and operations 36 31
41 36

2024 2023
£    £   
Directors' remuneration 152,235 140,778
Directors' pension contributions to money purchase schemes 255,750 210,327

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Hire of plant and machinery 3,454 709
Depreciation - owned assets 21,934 9,739
Loss on disposal of fixed assets 5,191 2,847
Auditors' remuneration 20,500 -
Lease expenses 51,106 20,302

7. 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 582,199 443,739

Deferred tax 28,794 4,880
Tax on profit 610,993 448,619

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 2,369,408 2,272,246
Profit multiplied by the standard rate of corporation tax in the UK of
25% (2023 - 19.493%)

592,352

442,929

Effects of:
Expenses not deductible for tax purposes 8,016 4,485
Capital allowances in excess of depreciation (18,169 ) (3,675 )
Deferred tax 28,794 4,880
Total tax charge 610,993 448,619

8. DIVIDENDS
2024 2023
£    £   
Interim 1,082,151 1,510,000

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 - 27,137 2,838 37,043 67,018
Additions 80,098 5,174 - 57,029 142,301
Disposals - (1,715 ) (2,838 ) (8,515 ) (13,068 )
At 30 April 2024 80,098 30,596 - 85,557 196,251
DEPRECIATION
At 1 May 2023 - 9,704 2,231 12,000 23,935
Charge for year 5,766 4,983 - 11,185 21,934
Eliminated on disposal - (1,067 ) (2,231 ) (4,579 ) (7,877 )
At 30 April 2024 5,766 13,620 - 18,606 37,992
NET BOOK VALUE
At 30 April 2024 74,332 16,976 - 66,951 158,259
At 30 April 2023 - 17,433 607 25,043 43,083

10. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 20,000
NET BOOK VALUE
At 30 April 2024 20,000
At 30 April 2023 20,000

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,224,219 4,481,311
Other debtors 116,607 119,470
Directors' current accounts 638,287 -
Tax 163,518 -
Value added tax 178,227 100,624
Prepayments and accrued income 73,849 51,215
5,394,707 4,752,620

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,461,916 1,330,810
Amounts owed to group undertakings 21,546 12,375
Corporation tax 745,716 443,739
Social security and other taxes 124,248 113,042
Other creditors 164,291 179,626
Directors' current accounts 208,278 169,438
Accruals and deferred income 1,237,546 1,452,044
3,963,541 3,701,074

13. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 107,601 20,302
Between one and five years 295,065 1,692
402,666 21,994

14. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 39,565 10,771

Deferred
tax
£   
Balance at 1 May 2023 10,771
Charge to Income Statement during year 28,794
Balance at 30 April 2024 39,565

15. CALLED UP SHARE CAPITAL

Alloted, issued and fully paid:
Number: Class: Nominal value: 2015 2014
£ £
550 Ordinary A 10p 55 55
370 Ordinary B 10p 37 37
110 Ordinary C 10p 11 11
41 Ordinary D 10p 4 4
107 107

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


16. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 May 2023 1,943,393 5,996 1,949,389
Profit for the year 1,758,415 1,758,415
Dividends (1,082,151 ) (1,082,151 )
At 30 April 2024 2,619,657 5,996 2,625,653

17. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Active Solutions Group Limited.