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Registered Number: 07919332
England and Wales

 

 

 

FLOORING 4 UK CARPET WAREHOUSE LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
Director Mr D Iceton
Registered Number 07919332
Registered Office 122 Long Row
Horsforth
Leeds
West Yorkshire
LS18 5AA
Accountants UWM Accountants
UWM House
6 Fusion Court
Leeds
LS25 2GH
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 7,594    10,125 
7,594    10,125 
Current assets      
Stocks 4 55,000    45,000 
Debtors 5 43,673    26,559 
Cash at bank and in hand 9,426    3,953 
108,099    75,512 
Creditors: amount falling due within one year 6 (100,031)   (59,768)
Net current assets 8,068    15,744 
 
Total assets less current liabilities 15,662    25,869 
Creditors: amount falling due after more than one year 7 (31,570)   (41,779)
Provisions for liabilities 8 (1,443)   (1,924)
Net assets (17,351)   (17,834)
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account (17,352)   (17,835)
Shareholders' funds (17,351)   (17,834)
 


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.

Directors' 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 directors acknowledge 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 board of directors on 10 February 2025 and were signed on its behalf by:


-------------------------------
Mr D Iceton
Director
2
General Information
Flooring 4 Uk Carpet Warehouse Limited is a private company, limited by shares, registered in England and Wales, registration number 07919332, registration address 122 Long Row, Horsforth, Leeds, West Yorkshire, LS18 5AA.

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)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
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 4 (2023 : 4).
3.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 June 2023 18,000    18,000 
Additions  
Disposals  
At 31 May 2024 18,000    18,000 
Depreciation
At 01 June 2023 7,875    7,875 
Charge for year 2,531    2,531 
On disposals  
At 31 May 2024 10,406    10,406 
Net book values
Closing balance as at 31 May 2024 7,594    7,594 
Opening balance as at 01 June 2023 10,125    10,125 


4.

Stocks

2024
£
  2023
£
Stocks 55,000    45,000 
55,000    45,000 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 2,812    20,223 
Other Debtors 40,861    6,336 
43,673    26,559 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 48,611    31,400 
Bank Loans & Overdrafts 5,705    1,200 
Taxation and Social Security 12,497    5,796 
Other Creditors 33,218    21,372 
100,031    59,768 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 31,570    41,779 
31,570    41,779 

8.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 1,443    1,924 
1,443    1,924 

3