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REGISTERED NUMBER: SC423660 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 May 2024

for

UNTOUCHABLES FLOORING CONTRACTORS LTD

UNTOUCHABLES FLOORING CONTRACTORS LTD (REGISTERED NUMBER: SC423660)






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


UNTOUCHABLES FLOORING CONTRACTORS LTD

Company Information
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: R R Smith





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC423660 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

UNTOUCHABLES FLOORING CONTRACTORS LTD (REGISTERED NUMBER: SC423660)

Balance Sheet
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,855 26,632

CURRENT ASSETS
Stocks 36,978 42,270
Debtors 5 51,759 41,464
Cash at bank 16,209 28,107
104,946 111,841
CREDITORS
Amounts falling due within one year 6 78,056 79,565
NET CURRENT ASSETS 26,890 32,276
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,745

58,908

CREDITORS
Amounts falling due after more than one
year

7

48,416

56,745
NET ASSETS 329 2,163

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 328 2,162
SHAREHOLDERS' FUNDS 329 2,163

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.

UNTOUCHABLES FLOORING CONTRACTORS LTD (REGISTERED NUMBER: SC423660)

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 director and authorised for issue on 24 February 2025 and were signed by:





R W Smith - Director


UNTOUCHABLES FLOORING CONTRACTORS LTD (REGISTERED NUMBER: SC423660)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Untouchables Flooring Contractors Ltd 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.
Plant and machinery - 15% on a reducing balance basis
Motor vehicles - 20% on a reducing balance basis
Computer equipment - 33% on a straight line basis

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


UNTOUCHABLES FLOORING CONTRACTORS LTD (REGISTERED NUMBER: SC423660)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 15,200 27,325 870 43,395
DEPRECIATION
At 1 June 2023 4,218 11,675 870 16,763
Charge for year 1,647 3,130 - 4,777
At 31 May 2024 5,865 14,805 870 21,540
NET BOOK VALUE
At 31 May 2024 9,335 12,520 - 21,855
At 31 May 2023 10,982 15,650 - 26,632

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 51,759 41,464

UNTOUCHABLES FLOORING CONTRACTORS LTD (REGISTERED NUMBER: SC423660)

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 5,556 5,556
Hire purchase contracts 3,141 3,141
Trade creditors 33,173 10,672
Taxation and social security 10,401 29,415
Other creditors 25,785 30,781
78,056 79,565

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 32,234 37,422
Hire purchase contracts 16,182 19,323
48,416 56,745