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REGISTERED NUMBER: 07342075 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 30 June 2024

for

TOTAL FLOORING (HULL) LIMITED

TOTAL FLOORING (HULL) LIMITED (REGISTERED NUMBER: 07342075)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOTAL FLOORING (HULL) LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Neil Polson
Jason Neil Polson
Sarah Frances Backland





REGISTERED OFFICE: Cleveland House
1-10 Sitwell Street
KINGSTON UPON HULL
East Yorkshire
HU8 7BE





REGISTERED NUMBER: 07342075 (England and Wales)





ACCOUNTANTS: G & C Professionals Limited
trading as Graham & Company
Chartered Certified Accountants
Cleveland House
1-10 Sitwell Street
KINGSTON UPON HULL
East Yorkshire
HU8 7BE

TOTAL FLOORING (HULL) LIMITED (REGISTERED NUMBER: 07342075)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,353 46,742

CURRENT ASSETS
Stocks 5 51,876 1,492
Debtors 6 74,528 151,294
Cash at bank and in hand 9,304 68,239
135,708 221,025
CREDITORS
Amounts falling due within one year 7 92,872 182,715
NET CURRENT ASSETS 42,836 38,310
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,189

85,052

CREDITORS
Amounts falling due after more than one
year

8

10,615

20,746
NET ASSETS 50,574 64,306

CAPITAL AND RESERVES
Called up share capital 10 120 100
Retained earnings 11 50,454 64,206
SHAREHOLDERS' FUNDS 50,574 64,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

TOTAL FLOORING (HULL) LIMITED (REGISTERED NUMBER: 07342075)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





Neil Polson - Director


TOTAL FLOORING (HULL) LIMITED (REGISTERED NUMBER: 07342075)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

TOTAL FLOORING (HULL) 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 30% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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.

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.

TOTAL FLOORING (HULL) LIMITED (REGISTERED NUMBER: 07342075)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 over 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.

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 4 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 3,976 10,121 1,583
Disposals - - -
At 30 June 2024 3,976 10,121 1,583
DEPRECIATION
At 1 July 2023 3,527 6,958 1,088
Charge for year 89 632 73
Eliminated on disposal - - -
At 30 June 2024 3,616 7,590 1,161
NET BOOK VALUE
At 30 June 2024 360 2,531 422
At 30 June 2023 449 3,163 495

TOTAL FLOORING (HULL) LIMITED (REGISTERED NUMBER: 07342075)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 114,823 2,268 132,771
Disposals (59,350 ) - (59,350 )
At 30 June 2024 55,473 2,268 73,421
DEPRECIATION
At 1 July 2023 73,563 893 86,029
Charge for year 5,100 411 6,305
Eliminated on disposal (37,266 ) - (37,266 )
At 30 June 2024 41,397 1,304 55,068
NET BOOK VALUE
At 30 June 2024 14,076 964 18,353
At 30 June 2023 41,260 1,375 46,742

5. STOCKS
2024 2023
£    £   
Work in progress 51,876 1,492

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 56,912 136,859
Other debtors 13,156 2,550
VAT 4,460 11,885
74,528 151,294

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 10,192 10,000
Trade creditors 62,614 125,401
Corporation tax 18,383 20,729
Social security and other taxes - 3,199
Other creditors 1,168 4,235
Amount due to Factor - 18,938
Directors' loan accounts 515 213
92,872 182,715

TOTAL FLOORING (HULL) LIMITED (REGISTERED NUMBER: 07342075)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 10,615 20,746

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans payable in less
than one year 10,192 10,000
10,192 10,000

Amounts falling due between one and two years:
Bank loans payable in one to two years 10,615 10,000

Amounts falling due between two and five years:
Bank loans payable in two to five years - 10,746

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
60 A Ordinary £1 60 60
20 B Ordinary £1 20 20
20 C Ordinary £1 20 20
20 Redeemable preference £1 20 -
120 100

The following shares were issued during the year for cash at par :

20 Redeemable preference shares of £1

11. RESERVES
Retained
earnings
£   

At 1 July 2023 64,206
Profit for the year 36,748
Dividends (50,500 )
At 30 June 2024 50,454