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REGISTERED NUMBER: 07261448 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Dean Austerfield Flooring Limited

Dean Austerfield Flooring Limited (Registered number: 07261448)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dean Austerfield Flooring Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D Austerfield
L E Austerfield





REGISTERED OFFICE: 3 Wesley Street
Ossett
West Yorkshire
WF5 8ER





REGISTERED NUMBER: 07261448 (England and Wales)





ACCOUNTANTS: The Sanders Partnership
Chartered Accountants
19 King Street
The Civic Quarter
Wakefield
West Yorkshire
WF1 2SQ

Dean Austerfield Flooring Limited (Registered number: 07261448)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,687 11,961

CURRENT ASSETS
Stocks 8,000 8,305
Debtors 5 7,903 11,559
Cash at bank 57,229 187,674
73,132 207,538
CREDITORS
Amounts falling due within one year 6 67,918 91,849
NET CURRENT ASSETS 5,214 115,689
TOTAL ASSETS LESS CURRENT LIABILITIES 110,901 127,650

CREDITORS
Amounts falling due after more than one year 7 (11,667 ) (21,667 )

PROVISIONS FOR LIABILITIES (4,563 ) (2,273 )
NET ASSETS 94,671 103,710

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 94,669 103,708
SHAREHOLDERS' FUNDS 94,671 103,710

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Dean Austerfield Flooring Limited (Registered number: 07261448)

Balance Sheet - continued
31 May 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2025 and were signed on its behalf by:




D Austerfield - Director



L E Austerfield - Director


Dean Austerfield Flooring Limited (Registered number: 07261448)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Dean Austerfield 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% on cost
Improvements to property - 25% on reducing balance
Plant and machinery - 15% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

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.

Provisions
Provisions are only set up where it is probable that a present obligation exists as a result of an event prior to the balance sheet and that a payment will be required in settlement that can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Dean Austerfield Flooring Limited (Registered number: 07261448)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1 June 2023 - - 4,710
Additions 82,356 14,880 683
Disposals - - -
At 31 May 2024 82,356 14,880 5,393
DEPRECIATION
At 1 June 2023 - - 3,090
Charge for year 686 1,088 741
Eliminated on disposal - - -
At 31 May 2024 686 1,088 3,831
NET BOOK VALUE
At 31 May 2024 81,670 13,792 1,562
At 31 May 2023 - - 1,620

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 2,580 17,050 874 25,214
Additions 1,194 - - 99,113
Disposals (917 ) - - (917 )
At 31 May 2024 2,857 17,050 874 123,410
DEPRECIATION
At 1 June 2023 2,580 6,927 656 13,253
Charge for year 124 2,530 218 5,387
Eliminated on disposal (917 ) - - (917 )
At 31 May 2024 1,787 9,457 874 17,723
NET BOOK VALUE
At 31 May 2024 1,070 7,593 - 105,687
At 31 May 2023 - 10,123 218 11,961

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,106 9,228
Prepayments 5,797 2,331
7,903 11,559

Dean Austerfield Flooring Limited (Registered number: 07261448)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 27,358 41,634
Taxation and social security 13,962 34,011
Other creditors 16,598 6,204
67,918 91,849

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,667 21,667

8. OTHER FINANCIAL COMMITMENTS

At 31st May 2024 the company had financial commitments not provided for in the financial statements totalling £nil (2023: £21,337)