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REGISTERED NUMBER: 08533380 (England and Wales)













Financial Statements

for the Period 1 June 2023 to 31 July 2024

for

UK Flooring Distribution Ltd

UK Flooring Distribution Ltd (Registered number: 08533380)






Contents of the Financial Statements
for the Period 1 June 2023 to 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


UK Flooring Distribution Ltd

Company Information
for the Period 1 June 2023 to 31 July 2024







DIRECTOR: J J Maguire



REGISTERED OFFICE: Unit 4
Milland Road Industrial Estate
NEATH
SA11 1NJ



REGISTERED NUMBER: 08533380 (England and Wales)



SENIOR STATUTORY AUDITOR: Kevin Shotton BA BFP FCA



AUDITORS: Clive Owen LLP
Chartered Accountants
& Statutory Auditors
140 Coniscliffe Road
Darlington
County Durham
DL3 7RT

UK Flooring Distribution Ltd (Registered number: 08533380)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 50,391

CURRENT ASSETS
Stocks 5 - 170,394
Debtors 6 151,260 154,963
Cash at bank 8,995 776,417
160,255 1,101,774
CREDITORS
Amounts falling due within one year 7 1,418 204,380
NET CURRENT ASSETS 158,837 897,394
TOTAL ASSETS LESS CURRENT
LIABILITIES

158,837

947,785

CREDITORS
Amounts falling due after more than one
year

8

-

8,025
NET ASSETS 158,837 939,760

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 158,835 939,758
SHAREHOLDERS' FUNDS 158,837 939,760

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 13 February 2025 and were signed by:





J J Maguire - Director


UK Flooring Distribution Ltd (Registered number: 08533380)

Notes to the Financial Statements
for the Period 1 June 2023 to 31 July 2024

1. STATUTORY INFORMATION

UK Flooring Distribution Ltd 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.

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.

Going concern

On 21 August 2023 the trade of this company was hived across to its fellow subsidiary company, Kellars Limited. Therefore, the directors are preparing the financial statements on a basis other than going concern.

No adjustments were necessary to amounts included in these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

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 reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the period 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.


UK Flooring Distribution Ltd (Registered number: 08533380)

Notes to the Financial Statements - continued
for the Period 1 June 2023 to 31 July 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 period 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.

Hire purchase
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated under their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 1 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 34,890 118,247 153,137
Disposals (34,890 ) (118,247 ) (153,137 )
At 31 July 2024 - - -
DEPRECIATION
At 1 June 2023 23,929 78,817 102,746
Charge for period 7,657 3,399 11,056
Eliminated on disposal (31,586 ) (82,216 ) (113,802 )
At 31 July 2024 - - -
NET BOOK VALUE
At 31 July 2024 - - -
At 31 May 2023 10,961 39,430 50,391

5. STOCKS
2024 2023
£    £   
Stocks - 170,394

UK Flooring Distribution Ltd (Registered number: 08533380)

Notes to the Financial Statements - continued
for the Period 1 June 2023 to 31 July 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 134,602
Amounts owed by group undertakings 122,272 -
Other debtors 28,988 8,618
Prepayments and accrued income - 11,743
151,260 154,963

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 10,257
Trade creditors - 109,178
Taxation and social security 1,382 65,431
Other creditors - 14,671
Directors' current accounts 36 36
Accruals and deferred income - 4,807
1,418 204,380

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 8,025

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £2 2 2

UK Flooring Distribution Ltd (Registered number: 08533380)

Notes to the Financial Statements - continued
for the Period 1 June 2023 to 31 July 2024

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion
We were appointed as auditors after the end of this period. Whilst we have carried out work in relation to the opening balances at 1 June 2023 that relate to the previous period, we have not been able to obtain sufficient evidence through other audit procedures in respect of some areas including stock, trade debtors and fixed assets. We have identified material errors that indicate these balances are overstated by £50,983, £37,071and £7,335 respectively, we have been unable to obtain sufficient evidence to verify the remaining balances in these areas at 1 June 2023.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Kevin Shotton BA BFP FCA (Senior Statutory Auditor)
for and on behalf of Clive Owen LLP