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REGISTERED NUMBER: 11372453 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

W W Flooring & Building Services Ltd

W W Flooring & Building Services Ltd (Registered number: 11372453)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


W W Flooring & Building Services Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: W M Wright





REGISTERED OFFICE: 22 Emsworth Road
Portsmouth
United Kingdom
PO2 7HJ





REGISTERED NUMBER: 11372453 (England and Wales)





ACCOUNTANTS: Andrew Spencer Associates Limited
Chartered Certified Accountants
328 Chatsworth Avenue
Cosham
Portsmouth
Hampshire
PO6 2UP

W W Flooring & Building Services Ltd (Registered number: 11372453)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,662 2,645

CURRENT ASSETS
Debtors 5 5,717 7,316
Cash at bank 1,915 2,088
7,632 9,404
CREDITORS
Amounts falling due within one year 6 (20,078 ) (27,151 )
NET CURRENT LIABILITIES (12,446 ) (17,747 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,784

)

(15,102

)

PROVISIONS FOR LIABILITIES (316 ) (503 )
NET LIABILITIES (11,100 ) (15,605 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (11,101 ) (15,606 )
SHAREHOLDERS' FUNDS (11,100 ) (15,605 )

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 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 February 2025 and were signed by:





W M Wright - Director


W W Flooring & Building Services Ltd (Registered number: 11372453)

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

1. STATUTORY INFORMATION

W W Flooring & Building Services Ltd 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements relate to W W Flooring & Building Services Limited as an individual entity.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised on the raising of an Invoice on completion of the work.

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 etc - 25% on reducing balance and 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2023 - 1 ) .

W W Flooring & Building Services Ltd (Registered number: 11372453)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 8,040
Additions 499
At 31 May 2024 8,539
DEPRECIATION
At 1 June 2023 5,395
Charge for year 1,482
At 31 May 2024 6,877
NET BOOK VALUE
At 31 May 2024 1,662
At 31 May 2023 2,645

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 4,746 5,735
Other debtors 971 1,581
5,717 7,316

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 6,545 9,818
Trade creditors 4,991 4,768
Taxation and social security 350 434
Other creditors 8,192 12,131
20,078 27,151

7. GOING CONCERN

At 31 May 2024 the company had net liabilities of £11,100 (2023:£15,605).

The director has confirmed that he will continue to provide financial support to the company for the foreseeable future and that he will not seek full repayment of his loan until the company is in a financial position to enable the loan to be repaid. Included within the above are amounts owed to the director or his immediate family of £7,434 (2023:£11,373). In addition, funding from the bank is by way of a Bounceback loan that repayments have always been met when due.

The director has considered the future position of the company and is of the opinion that the company will return to profitability in the foreseeable future.

In view of the above the director considers that the going concern basis for the preparation of the accounts is appropriate.