BrightAccountsProduction v1.0.0 v1.0.0 2024-02-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principle activity of the company is the supply and fitting of flooring materials and accessories. 25 February 2025 0 0 4889548 2025-01-31 4889548 2024-01-31 4889548 2023-01-31 4889548 2024-02-01 2025-01-31 4889548 2023-02-01 2024-01-31 4889548 uk-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 4889548 uk-curr:PoundSterling 2024-02-01 2025-01-31 4889548 uk-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 4889548 uk-bus:FullAccounts 2024-02-01 2025-01-31 4889548 uk-core:ShareCapital 2025-01-31 4889548 uk-core:ShareCapital 2024-01-31 4889548 uk-core:RetainedEarningsAccumulatedLosses 2025-01-31 4889548 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 4889548 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-01-31 4889548 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-01-31 4889548 uk-bus:FRS102 2024-02-01 2025-01-31 4889548 uk-core:LandBuildings 2024-02-01 2025-01-31 4889548 uk-core:Buildings 2024-02-01 2025-01-31 4889548 uk-core:FurnitureFittingsToolsEquipment 2024-02-01 2025-01-31 4889548 uk-core:MotorVehicles 2024-02-01 2025-01-31 4889548 uk-core:CurrentFinancialInstruments 2025-01-31 4889548 uk-core:CurrentFinancialInstruments 2024-01-31 4889548 uk-core:WithinOneYear 2025-01-31 4889548 uk-core:WithinOneYear 2024-01-31 4889548 uk-core:OtherMiscellaneousReserve 2024-01-31 4889548 uk-core:OtherMiscellaneousReserve 2024-02-01 2025-01-31 4889548 uk-core:AcceleratedTaxDepreciationDeferredTax 2025-01-31 4889548 uk-core:TaxLossesCarry-forwardsDeferredTax 2025-01-31 4889548 uk-core:OtherDeferredTax 2025-01-31 4889548 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2025-01-31 4889548 uk-core:OtherMiscellaneousReserve 2025-01-31 4889548 2024-02-01 2025-01-31 4889548 uk-bus:CompanySecretaryDirector1 2024-02-01 2025-01-31 4889548 uk-bus:Director1 2024-02-01 2025-01-31 4889548 uk-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
Company Registration Number: 4889548
 
 
Gary Rushmore Flooring Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 January 2025



Gary Rushmore Flooring Limited
Company Registration Number: 4889548
BALANCE SHEET
as at 31 January 2025

2025 2024
Notes £ £
 
Fixed Assets
Tangible assets 5 6,181 7,890
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Current Assets
Stocks 6 12,807 15,867
Debtors 7 7,259 8,273
Cash and cash equivalents 48,928 92,339
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68,994 116,479
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Creditors: amounts falling due within one year 8 (52,519) (122,657)
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Net Current Assets/(Liabilities) 16,475 (6,178)
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Total Assets less Current Liabilities 22,656 1,712
 
Provisions for liabilities 10 (1,117) (1,562)
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Net Assets 21,539 150
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Capital and Reserves
Called up share capital 100 100
Retained earnings 21,439 50
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Shareholders' Funds 21,539 150
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 25 February 2025 and signed on its behalf by
           
           
           
________________________________          
Mr. G F Rushmore          
Director          
           



Gary Rushmore Flooring Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 January 2025

   
1. General Information
 
Gary Rushmore Flooring Limited is a company limited by shares incorporated in the United Kingdom. 36-38 King Street, King's Lynn, Norfolk, PE301ES, England is the registered office. 92/94 High Street, Heacham, King's Lynn, Norfolk, PE31 7DW, England is the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 January 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Property costs - 15% reducing balance
  Tenants improvement - 20% reducing balance
  Fixtures, fittings and equipment - 15% reducing balance
  Motor vehicles - 25% reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2024 - 2).
       
4. Dividends 2025 2024
  £ £
Dividends on equity shares:
 
Ordinary Shares - Interim paid - 50,100
  ═════════ ═════════
 
Dividends totalling £20,000 have been voted since the year end.
             
5. Tangible assets
  Property Tenants Fixtures, Motor Total
  costs improvement fittings and vehicles  
      equipment    
  £ £ £ £ £
Cost
At 1 February 2024 2,000 4,016 11,007 17,490 34,513
  ───────── ───────── ───────── ───────── ─────────
 
At 31 January 2025 2,000 4,016 11,007 17,490 34,513
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 February 2024 1,893 3,755 8,609 12,366 26,623
Charge for the financial year 16 52 360 1,281 1,709
  ───────── ───────── ───────── ───────── ─────────
At 31 January 2025 1,909 3,807 8,969 13,647 28,332
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 31 January 2025 91 209 2,038 3,843 6,181
  ═════════ ═════════ ═════════ ═════════ ═════════
At 31 January 2024 107 261 2,398 5,124 7,890
  ═════════ ═════════ ═════════ ═════════ ═════════
       
6. Stocks 2025 2024
  £ £
 
Finished goods and goods for resale 12,807 15,867
  ═════════ ═════════
 
Cost represents purchase price or production cost, calculated on a first-in-first out basis.
       
7. Debtors 2025 2024
  £ £
 
Trade debtors 4,559 5,031
Taxation  (Note 9) 48 54
Prepayments and accrued income 2,652 3,188
  ───────── ─────────
  7,259 8,273
  ═════════ ═════════
 
Trade debtors includes an amount due under contracts not yet billed amounting to £0 (2024 £436).
       
8. Creditors 2025 2024
Amounts falling due within one year £ £
 
Trade creditors 8,978 15,218
Taxation  (Note 9) 10,683 24,886
Directors' current accounts 28,252 77,128
Other creditors 1,753 1,753
Accruals and deferred income 2,853 3,672
  ───────── ─────────
  52,519 122,657
  ═════════ ═════════
       
9. Taxation 2025 2024
  £ £
 
Debtors:
PAYE / NI 48 54
  ═════════ ═════════
Creditors:
VAT 5,346 11,502
Corporation tax 5,337 13,384
  ───────── ─────────
  10,683 24,886
  ═════════ ═════════
       
10. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total
  allowances  
     
  2025 2024
  £ £
 
At financial year start 1,562 1,938
Charged to profit and loss (445) (376)
  ───────── ─────────
At financial year end 1,117 1,562
  ═════════ ═════════
   
11. Controlling interest
 
The company is under the joint control of the directors, Mr G F Rushmore and Mrs C Rushmore.