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Registered Number: 13407626
England and Wales

 

 

 

JUNCTION 31 WHOLESALE FLOORING LIMITED


Financial Statements
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
Director Paul Roberts
Registered Number 13407626
Registered Office 6 Fusion Court
Leeds
West Yorkshire
LS25 2GH
Accountants UWM Accountants
UWM House
6 Fusion Court
Leeds
West Yorkshire
LS25 2GH
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 43,500   
43,500   
Current assets      
Stocks 4 170,000   
Cash at bank and in hand 90,649    1 
260,649    1 
Creditors: amount falling due within one year 5 (230,415)  
Net current assets 30,234    1 
 
Total assets less current liabilities 73,734    1 
Provisions for liabilities 6 (8,511)  
Net assets 65,223    1 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 65,222   
Shareholders' funds 65,223    1 
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 05 February 2025 and were signed by:


-------------------------------
Paul Roberts
Director
2
General Information
Junction 31 Wholesale Flooring Limited is a private company, limited by shares, registered in England and Wales, registration number 13407626, registration address 6 Fusion Court, Leeds, West Yorkshire, LS25 2GH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery etc 25% RB
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 June 2023  
Additions 58,000    58,000 
Disposals  
At 31 May 2024 58,000    58,000 
Depreciation
At 01 June 2023  
Charge for year 14,500    14,500 
On disposals  
At 31 May 2024 14,500    14,500 
Net book values
Closing balance as at 31 May 2024 43,500    43,500 
Opening balance as at 01 June 2023  


4.

Stocks

2024
£
  2023
£
Stocks 170,000   
170,000   

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 159,797   
Taxation and Social Security 8,842   
Other Creditors 61,776   
230,415   

6.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 8,265   
Pension Provisions 246   
8,511   

3