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REGISTERED NUMBER: 06571851 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

C.O. Edwards Flooring Limited

C.O. Edwards Flooring Limited (Registered number: 06571851)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


C.O. Edwards Flooring Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: C O Edwards
Mrs A Edwards





SECRETARY: Mrs A Edwards





REGISTERED OFFICE: Ty Deri
Rhos
Llandysul
Carmarthenshire
SA44 5EG





REGISTERED NUMBER: 06571851 (England and Wales)





ACCOUNTANTS: Eagle Accountancy (UK) Limited
2 Coracle Offices
St Catherine Street
Carmarthen
Carmarthenshire
SA31 1RD

C.O. Edwards Flooring Limited (Registered number: 06571851)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 86,087 83,548
86,087 83,548

CURRENT ASSETS
Stocks 3,228 7,228
Debtors 6 65,174 58,203
Cash at bank and in hand 6,346 2,400
74,748 67,831
CREDITORS
Amounts falling due within one year 7 129,671 99,233
NET CURRENT LIABILITIES (54,923 ) (31,402 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,164

52,146

CREDITORS
Amounts falling due after more than one year 8 (24,519 ) (37,317 )

PROVISIONS FOR LIABILITIES (9,498 ) (9,015 )
NET (LIABILITIES)/ASSETS (2,853 ) 5,814

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Retained earnings (4,053 ) 4,614
(2,853 ) 5,814

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

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

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 28 January 2025 and were signed on its behalf by:




C O Edwards - Director


C.O. Edwards Flooring Limited (Registered number: 06571851)

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

1. STATUTORY INFORMATION

C.O. Edwards Flooring 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.

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.
Plant and machinery - 10% on reducing balance
Motor vehicles - 10% on reducing balance
Computer equipment - 10% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

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

C.O. Edwards Flooring Limited (Registered number: 06571851)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 35,000
AMORTISATION
At 1 May 2023
and 30 April 2024 35,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 36,100 67,118 2,900 1,747 107,865
Additions - 41,389 - - 41,389
Disposals - (36,995 ) - - (36,995 )
At 30 April 2024 36,100 71,512 2,900 1,747 112,259
DEPRECIATION
At 1 May 2023 - 21,764 1,838 715 24,317
Charge for year - 5,345 106 104 5,555
Eliminated on disposal - (3,700 ) - - (3,700 )
At 30 April 2024 - 23,409 1,944 819 26,172
NET BOOK VALUE
At 30 April 2024 36,100 48,103 956 928 86,087
At 30 April 2023 36,100 45,354 1,062 1,032 83,548

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,458 4,158
Other debtors 56,462 51,410
VAT 7,254 2,635
65,174 58,203

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 17,464 18,743
Hire purchase contracts 3,416 3,416
Trade creditors 2,893 20,740
Tax 10 -
Social security and other taxes - 2,771
Other creditors 140 2,532
Directors' current accounts 104,713 50,001
Accrued expenses 1,035 1,030
129,671 99,233

C.O. Edwards Flooring Limited (Registered number: 06571851)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Other loans - 1-2 years 20,313 30,063
Hire purchase contracts 4,206 7,254
24,519 37,317