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REGISTERED NUMBER: 04922352 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Floors 4 All Limited

Floors 4 All Limited (Registered number: 04922352)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Floors 4 All Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: E J Evans
A Bynon





REGISTERED OFFICE: Leofric House
Binley Road
Coventry
CV3 1JN





REGISTERED NUMBER: 04922352 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Floors 4 All Limited (Registered number: 04922352)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 527 -
Tangible assets 5 660,516 425,034
661,043 425,034

CURRENT ASSETS
Stocks 6 35,000 51,350
Debtors 7 136,621 57,085
Cash at bank and in hand 110,897 244,385
282,518 352,820
CREDITORS
Amounts falling due within one year 8 218,352 230,266
NET CURRENT ASSETS 64,166 122,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

725,209

547,588

CREDITORS
Amounts falling due after more than one
year

9

(345,733

)

(266,846

)

PROVISIONS FOR LIABILITIES (4,680 ) (1,754 )
NET ASSETS 374,796 278,988

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 374,696 278,888
SHAREHOLDERS' FUNDS 374,796 278,988

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

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

Floors 4 All Limited (Registered number: 04922352)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2025 and were signed on its behalf by:




E J Evans - Director



A Bynon - Director


Floors 4 All Limited (Registered number: 04922352)

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

1. STATUTORY INFORMATION

Floors 4 All 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.

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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 - Straight line over 4 years
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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 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.

Floors 4 All Limited (Registered number: 04922352)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 541
At 31 August 2024 541
AMORTISATION
Charge for year 14
At 31 August 2024 14
NET BOOK VALUE
At 31 August 2024 527

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 September 2023 418,020 1,344 8,797
Additions 222,433 - 500
Disposals - - -
At 31 August 2024 640,453 1,344 9,297
DEPRECIATION
At 1 September 2023 - - 8,699
Charge for year - - 92
Eliminated on disposal - - -
At 31 August 2024 - - 8,791
NET BOOK VALUE
At 31 August 2024 640,453 1,344 506
At 31 August 2023 418,020 1,344 98

Floors 4 All Limited (Registered number: 04922352)

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

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 2,761 5,995 4,338 441,255
Additions 1,466 21,492 209 246,100
Disposals - (9,500 ) - (9,500 )
At 31 August 2024 4,227 17,987 4,547 677,855
DEPRECIATION
At 1 September 2023 1,377 1,807 4,338 16,221
Charge for year 580 2,022 9 2,703
Eliminated on disposal - (1,585 ) - (1,585 )
At 31 August 2024 1,957 2,244 4,347 17,339
NET BOOK VALUE
At 31 August 2024 2,270 15,743 200 660,516
At 31 August 2023 1,384 4,188 - 425,034

6. STOCKS
31.8.24 31.8.23
£    £   
Stocks 35,000 51,350

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 38,999 39,688
Other debtors - 500
Directors' current accounts 79,445 -
Prepayments 18,177 16,897
136,621 57,085

Floors 4 All Limited (Registered number: 04922352)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts (see note 10) 27,614 14,400
Other loans (see note 10) 6,000 6,000
Trade creditors 65,250 60,054
Tax 60,914 49,929
Social security and other taxes 980 902
VAT 18,869 19,611
Pension Creditor 315 255
Directors' current accounts 926 43,308
Deferred Income 33,297 30,781
Accrued expenses 4,187 5,026
218,352 230,266

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans (see note 10) 340,733 255,846
Other loans (see note 10) 5,000 11,000
345,733 266,846

10. LOANS

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 27,614 14,400
Other loans 6,000 6,000
33,614 20,400

Amounts falling due between one and two years:
Bank loans - 1-2 years 27,614 14,400
Other loans - 1-2 years 5,000 6,000
32,614 20,400

Amounts falling due between two and five years:
Bank loans - 2-5 years 313,119 241,446
Other loans - 2-5 years - 5,000
313,119 246,446

Floors 4 All Limited (Registered number: 04922352)

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

11. SECURED DEBTS

The company's bank overdraft facility is secured by a debenture over all of the current and future assets of the company.

The mortgages amounting to £368,347 (2023: £270,246) are secured over the premises address 183 Allesley Old Road by a fixed legal charge.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
52 Ordinary A £1 52 52
48 Ordinary B £1 48 48
100 100

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
A Bynon
Balance outstanding at start of year (21,577 ) (21,128 )
Amounts advanced 101,404 -
Amounts repaid (382 ) (449 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 79,445 (21,577 )

E J Evans
Balance outstanding at start of year (21,731 ) (20,991 )
Amounts advanced 21,249 -
Amounts repaid (444 ) (740 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (926 ) (21,731 )

The above amount included within debtors due from the director A Bynon, is charged interest at HMRC's approved rate and is repaid in full following the balance sheet date..

The amount due to the director E Evans included within creditors is charged interest at HMRC's approved rate and has no set terms of repayment.

14. ULTIMATE CONTROLLING PARTY

The company was controlled by the directors E Evans and A Bynon by virtue of their equal shareholdings.