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REGISTERED NUMBER: 01314314 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 30 June 2024

for

FLOORMASTER CARPETS LIMITED

FLOORMASTER CARPETS LIMITED (REGISTERED NUMBER: 01314314)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


FLOORMASTER CARPETS LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D A Dickinson
R A Dickinson



SECRETARY: R Dickinson



REGISTERED OFFICE: 573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



REGISTERED NUMBER: 01314314 (England and Wales)



ACCOUNTANTS: A K Papadamou & Co
Accountants & Tax Advisors
573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



BANKERS: Santander
Bridle Road
Bootle
Merseyside
L30 4GB

FLOORMASTER CARPETS LIMITED (REGISTERED NUMBER: 01314314)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 403,512 419,899

CURRENT ASSETS
Stocks 21,624 21,744
Debtors 5 24,561 24,395
Prepayments and accrued income 5,719 5,263
Cash at bank 234,262 252,503
286,166 303,905
CREDITORS
Amounts falling due within one year 6 84,804 130,710
NET CURRENT ASSETS 201,362 173,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

604,874

593,094

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 195,540 195,540
Retained earnings 409,234 397,454
SHAREHOLDERS' FUNDS 604,874 593,094

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.

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 13 March 2025 and were signed on its behalf by:




D A Dickinson - Director


FLOORMASTER CARPETS LIMITED (REGISTERED NUMBER: 01314314)

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

1. STATUTORY INFORMATION

Floormaster Carpets 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Improvements to property - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost

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

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 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Motor
property property fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 July 2023 410,000 81,482 13,951 20,920 526,353
Additions - - 313 - 313
At 30 June 2024 410,000 81,482 14,264 20,920 526,666
DEPRECIATION
At 1 July 2023 49,200 24,587 11,747 20,920 106,454
Charge for year 8,200 8,148 352 - 16,700
At 30 June 2024 57,400 32,735 12,099 20,920 123,154
NET BOOK VALUE
At 30 June 2024 352,600 48,747 2,165 - 403,512
At 30 June 2023 360,800 56,895 2,204 - 419,899

FLOORMASTER CARPETS LIMITED (REGISTERED NUMBER: 01314314)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2024 is represented by:

Improvements Fixtures
Freehold to and Motor
property property fittings vehicles Totals
£    £    £    £    £   
Valuation in 2018 195,540 - - - 195,540
Cost 214,460 81,482 14,264 20,920 331,126
410,000 81,482 14,264 20,920 526,666

If freehold land and buildings had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 214,460 214,460

Freehold land and buildings were valued on an open market basis on 30 June 2018 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,561 24,395

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,290 18,310
Tax 18,387 13,022
Social security and other taxes 1,689 340
VAT 7,295 11,116
Directors' current accounts 42,180 85,858
Accruals and deferred income (37 ) 2,064
84,804 130,710

7. RESERVES
Fair
value
reserve
£   
At 1 July 2023
and 30 June 2024 195,540

8. ULTIMATE CONTROLLING PARTY

The controlling party is D A Dickinson.