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REGISTERED NUMBER: 11806964 (England and Wales)










Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Healds Flooring Limited

Healds Flooring Limited (Registered number: 11806964)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Healds Flooring Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: J Heald





REGISTERED OFFICE: The Barn
Batherton Lodge
Batherton
Nantwich
Cheshire
CW5 7QH





REGISTERED NUMBER: 11806964 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Healds Flooring Limited (Registered number: 11806964)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 54,285 62,723

CURRENT ASSETS
Stocks 306,000 216,000
Debtors 5 8,000 7,125
Cash at bank 13,215 167
327,215 223,292
CREDITORS
Amounts falling due within one year 6 (312,980 ) (219,694 )
NET CURRENT ASSETS 14,235 3,598
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,520

66,321

CREDITORS
Amounts falling due after more than one
year

7

(12,954

)

(21,181

)
NET ASSETS 55,566 45,140

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 55,466 45,040
SHAREHOLDERS' FUNDS 55,566 45,140

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Healds Flooring Limited (Registered number: 11806964)

Balance Sheet - continued
29 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2025 and were signed by:





J Heald - Director


Healds Flooring Limited (Registered number: 11806964)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Healds Flooring 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

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.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

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

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 tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Healds Flooring Limited (Registered number: 11806964)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 100,649
Additions 3,490
At 29 February 2024 104,139
DEPRECIATION
At 1 March 2023 37,926
Charge for year 11,928
At 29 February 2024 49,854
NET BOOK VALUE
At 29 February 2024 54,285
At 28 February 2023 62,723

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 8,000 7,125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 90,697 91,561
Taxation and social security 133,806 85,933
Other creditors 78,477 32,200
312,980 219,694

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 12,954 21,181