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REGISTERED NUMBER: SC417952 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

FIRSTPOINT CONTRACT FLOORING LIMITED

FIRSTPOINT CONTRACT FLOORING LIMITED (REGISTERED NUMBER: SC417952)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

FIRSTPOINT CONTRACT FLOORING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2024







DIRECTOR: D Bennett





REGISTERED OFFICE: 24 Clydeview
Bothwell
Lanarkshire
G71 8NW





REGISTERED NUMBER: SC417952 (Scotland)





ACCOUNTANTS: J Gilmour & Co
Certified Accountants
24 Clydeview
Bothwell
Glasgow
Lanarkshire
G71 8NW

FIRSTPOINT CONTRACT FLOORING LIMITED (REGISTERED NUMBER: SC417952)

BALANCE SHEET
28 FEBRUARY 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10 10

CURRENT ASSETS
Debtors 5 76,870 74,999
Cash at bank 8,043 20,041
84,913 95,040
CREDITORS
Amounts falling due within one year 6 49,201 57,529
NET CURRENT ASSETS 35,712 37,511
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,722

37,521

CREDITORS
Amounts falling due after more than one
year

7

5,977

11,250
NET ASSETS 29,745 26,271

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 29,744 26,270
SHAREHOLDERS' FUNDS 29,745 26,271

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FIRSTPOINT CONTRACT FLOORING LIMITED (REGISTERED NUMBER: SC417952)

BALANCE SHEET - continued
28 FEBRUARY 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 30 January 2025 and were signed by:





D Bennett - Director


FIRSTPOINT CONTRACT FLOORING LIMITED (REGISTERED NUMBER: SC417952)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024


1. STATUTORY INFORMATION

Firstpoint Contract Flooring Limited is a private company, limited by shares , registered in Scotland. 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.
Fixtures and fittings - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

FIRSTPOINT CONTRACT FLOORING LIMITED (REGISTERED NUMBER: SC417952)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2023
and 28 February 2024 2,720
DEPRECIATION
At 1 March 2023
and 28 February 2024 2,710
NET BOOK VALUE
At 28 February 2024 10
At 28 February 2023 10

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors 63,300 71,300
Other debtors 10,164 1,975
Directors' loan account 3,406 1,724
76,870 74,999

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans and overdrafts (see note 8) 5,000 5,000
Other loans (see note 8) 4,660 8,044
Trade creditors 20,874 29,029
Tax 815 137
VAT 16,552 14,019
Accrued expenses 1,300 1,300
49,201 57,529

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.24 28.2.23
£    £   
Bank loans (see note 8) 5,977 11,250

FIRSTPOINT CONTRACT FLOORING LIMITED (REGISTERED NUMBER: SC417952)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024


8. LOANS

An analysis of the maturity of loans is given below:

28.2.24 28.2.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,000 5,000
Other loans 4,660 8,044
9,660 13,044

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,000 5,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 977 6,250

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.24 28.2.23
value: £    £   
1 Ordinary 1 1 1

10. RESERVES
Retained
earnings
£   

At 1 March 2023 26,270
Profit for the year 3,474
At 28 February 2024 29,744

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2024 and 28 February 2023:

28.2.24 28.2.23
£    £   
D Bennett
Balance outstanding at start of year (1,724 ) (2,166 )
Amounts advanced 3,074 2,000
Amounts repaid (4,756 ) (1,558 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,406 ) (1,724 )

FIRSTPOINT CONTRACT FLOORING LIMITED (REGISTERED NUMBER: SC417952)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024


11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued





















12. ULTIMATE CONTROLLING PARTY

The controlling party is D Bennett.

FIRSTPOINT CONTRACT FLOORING LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
FIRSTPOINT CONTRACT FLOORING LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






J Gilmour & Co
Certified Accountants
24 Clydeview
Bothwell
Glasgow
Lanarkshire
G71 8NW


30 January 2025