Registered number
08128767
Eflooring Supplies Limited
Filleted Accounts
30 June 2024
Eflooring Supplies Limited
Registered number: 08128767
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 14,146 19,008
Current assets
Stocks 164,947 162,449
Debtors 4 45,609 152,695
Cash at bank and in hand 481,148 374,705
691,704 689,849
Creditors: amounts falling due within one year 5 (190,327) (209,554)
Net current assets 501,377 480,295
Net assets 515,523 499,303
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 514,523 498,303
Shareholders' funds 515,523 499,303
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Anthony Roland Leonard Duckett
Director
Approved by the board on 21 March 2025
Eflooring Supplies Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added 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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 32,416
At 30 June 2024 32,416
Depreciation
At 1 July 2023 13,408
Charge for the year 4,862
At 30 June 2024 18,270
Net book value
At 30 June 2024 14,146
At 30 June 2023 19,008
4 Debtors 2024 2023
£ £
Trade debtors - 4,931
Other debtors 45,609 147,764
45,609 152,695
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 590
Trade creditors 5,472 43,847
Amounts owed to group undertakings and undertakings in which the company has a participating interest 54,000 54,000
Taxation and social security costs 64,309 53,603
Other creditors 66,546 57,514
190,327 209,554
6 Other information
Eflooring Supplies Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Braemore Court
Cockfosters Road
Cockfosters
Barnet
EN4 0AE
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