07629849falsethat of flooring contractors, all of which is carried out within the United Kingdom2023-06-012024-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-05-31http://www.companieshouse.gov.uk/cd:Director12023-06-012024-05-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-05-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-05-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-05-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-05-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-06-012024-05-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-05-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-06-012024-05-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-06-012024-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-05-31http://www.companieshouse.gov.uk/2023-06-012024-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/cd:FRS1022023-06-012024-05-31http://www.companieshouse.gov.uk/2024-05-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-06-012024-05-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-06-012024-05-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07629849

NEW ENGLAND FLOORING COMPANY LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024

Prepared By:
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

NEW ENGLAND FLOORING COMPANY LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
DIRECTORS
CHRISTOPHER BROOKS
REGISTERED OFFICE
14 HIGHLANDS ROAD
FINCHFIELD
WOLVERHAMPTON
WEST MIDLANDS
WV3 8AG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07629849
BANKERS
BARCLAYS BANK PLC
ACCOUNTANTS
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

NEW ENGLAND FLOORING COMPANY LIMITED

ACCOUNTS
FOR THEYEARENDED31/05/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

NEW ENGLAND FLOORING COMPANY LIMITED

BALANCE SHEET AT 31/05/2024
20242023
Notes££
FIXED ASSETS
Tangible assets28,73710,523
CURRENT ASSETS
Stock4,4409,440
Debtors425,10615,892
Cash at bank and in hand9,918653
39,46425,985
CREDITORS: Amounts falling due within one year534,54029,918
NET CURRENT ASSETS / (LIABILITIES)4,924(3,933)
TOTAL ASSETS LESS CURRENT LIABILITIES13,6616,590
CREDITORS: Amounts falling due after more than one year610,03314,485
PROVISIONS FOR LIABILITIES AND CHARGES8781927
NET ASSETS / (LIABILITIES)2,847(8,822)
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account2,747(8,922)
SHAREHOLDERS' FUNDS2,847(8,822)
For the year ending 31/05/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/02/2025 and signed on their behalf by
.............................
CHRISTOPHER BROOKS
Director

NEW ENGLAND FLOORING COMPANY LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.
Plant And Machinerystraight line10%
Commercial Vehiclesstraight line10%
Equipmentstraight line10%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

NEW ENGLAND FLOORING COMPANY LIMITED

2. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesEquipmentTotal
££££
Cost
At 01/06/20233,62720,7451,98226,354
Additions260--260
Disposals(400)--(400)
At 31/05/20243,48720,7451,98226,214
Depreciation
At 01/06/20231,79312,6001,43815,831
Disposals(400)--(400)
For the year3481,5001982,046
At 31/05/20241,74114,1001,63617,477
Net Book Amounts
At 31/05/20241,7466,6453468,737
At 31/05/20231,8348,14554410,523
3. STOCK 20242023
££
Stock comprises:
Stock4,4409,440
4,4409,440
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors11,6316,125
Other tax1,191-
VAT4,728-
Prepayments7,5568,853
Directors current account-914
25,10615,892

NEW ENGLAND FLOORING COMPANY LIMITED

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax7,6644,766
VAT-1,817
PAYE control4253,848
Directors current account1,296-
Bank loans and overdrafts-3,555
Loans-4,000
Trade creditors17,8305,302
Accruals7,3256,630
34,54029,918
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr10,03314,485
10,03314,485
7. EMPLOYEES
20242023
No.No.
Average number of employees33
Key management personnel is restricted to that of the director.
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation781927
781927

NEW ENGLAND FLOORING COMPANY LIMITED

9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
10. CONTROLLING PARTY
The company is under the control of the director Mr C Brooks who owns fifty per cent of the one hundred shares in issue. The director also has a beneficial interest in the other fifty shares which are owned by his wife.
11. RELATED PARTY TRANSACTIONS
During the year the director Mr C Brooks received dividends of £ 1,000 (2023 - £ nil), whilst his wife Mrs R Brooks received dividends of £ 1,000 (2023 - £ nil).
12. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITIES
The company is principally involved in both the supply and fitting of floor coverings and carpets. All of its activities are carried out within the United Kingdom.
13. GENERAL INFORMATION
New England Flooring Company Limited is a private company limited by shares and incorporated in England. Its registered office is 14 Highlands Road, Finchfield, Wolverhampton, West Midlands, WV3 8AG.
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company.