Registered number
08103116
JA Flooring Ltd
Filleted Accounts
31 July 2024
JA Flooring Ltd
Registered number: 08103116
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,410 1,879
Current assets
Stocks 1,000 1,000
Debtors 4 35,521 18,923
Cash at bank and in hand 11,334 13,096
47,855 33,019
Creditors: amounts falling due within one year 5 (31,012) (15,764)
Net current assets 16,843 17,255
Net assets 18,253 19,134
Capital and reserves
Called up share capital 100 100
Profit and loss account 18,153 19,034
Shareholders' funds 18,253 19,134
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr D A Evans
Director
Approved by the board on 3 February 2025
JA Flooring Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery Over 5 years
Motor Vehicles 25% Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 942 2,000 2,942
At 31 July 2024 942 2,000 2,942
Depreciation
At 1 August 2023 188 875 1,063
Charge for the year 188 281 469
At 31 July 2024 376 1,156 1,532
Net book value
At 31 July 2024 566 844 1,410
At 31 July 2023 754 1,125 1,879
4 Debtors 2024 2023
£ £
Trade debtors 31,613 13,055
Other debtors 3,908 5,868
35,521 18,923
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 21,525 8,657
Taxation and social security costs 8,537 6,157
Other creditors 950 950
31,012 15,764
6 Other information
JA Flooring Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 67 Burtonwood Industrial Estate
Phipps Lane
Warrington
Cheshire
WA5 4HX
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