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Company Registration No. 14399078 (England and Wales)
Bully's Flooring LTD Unaudited accounts for the year ended 31 October 2024
Bully's Flooring LTD Unaudited accounts Contents
Page
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Bully's Flooring LTD Company Information for the year ended 31 October 2024
Director
Mr Nigel Douglas Alex BULL
Company Number
14399078 (England and Wales)
Registered Office
c/o EP Tax Unit 2D Castledown Business Park Ludgershall, Andover Wiltshire SP11 9FA UK
Accountants
Anna Sharlott FFA FIPA EP Services Limited T/A EP Tax Unit 2D-2E Castledown Business Park Ludgershall Wiltshire SP11 9FA
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Bully's Flooring LTD Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
9,600 
10,800 
Tangible assets
43,433 
61,059 
53,033 
71,859 
Current assets
Inventories
15,000 
15,000 
Debtors
124,078 
214,739 
Cash at bank and in hand
114,343 
38,979 
253,421 
268,718 
Creditors: amounts falling due within one year
(40,525)
(117,556)
Net current assets
212,896 
151,162 
Net assets
265,929 
223,021 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
265,829 
222,921 
Shareholders' funds
265,929 
223,021 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 January 2025 and were signed on its behalf by
Mr Nigel Douglas Alex BULL Director Company Registration No. 14399078
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Bully's Flooring LTD Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Bully's Flooring LTD is a private company, limited by shares, registered in England and Wales, registration number 14399078. The registered office is c/o EP Tax, Unit 2D Castledown Business Park, Ludgershall, Andover, Wiltshire, SP11 9FA, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% SL
Motor vehicles
25% SL
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation (10% SL).
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2023
12,000 
At 31 October 2024
12,000 
Amortisation
At 1 November 2023
1,200 
Charge for the year
1,200 
At 31 October 2024
2,400 
Net book value
At 31 October 2024
9,600 
At 31 October 2023
10,800 
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Bully's Flooring LTD Notes to the Accounts for the year ended 31 October 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
7,804 
62,700 
70,504 
At 31 October 2024
7,804 
62,700 
70,504 
Depreciation
At 1 November 2023
1,951 
7,494 
9,445 
Charge for the year
1,951 
15,675 
17,626 
At 31 October 2024
3,902 
23,169 
27,071 
Net book value
At 31 October 2024
3,902 
39,531 
43,433 
At 31 October 2023
5,853 
55,206 
61,059 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
9,834 
21,258 
Trade debtors
18,724 
62,528 
Other debtors
95,520 
130,953 
124,078 
214,739 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
1,764 
Taxes and social security
40,525 
69,787 
Loans from directors
- 
46,005 
40,525 
117,556 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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