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REGISTERED NUMBER: 10990349 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

J & T Flooring Limited

J & T Flooring Limited (Registered number: 10990349)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J & T Flooring Limited

Company Information
for the year ended 31 October 2024







DIRECTORS: JM Wood
Mrs R J Wood





REGISTERED OFFICE: 2 President Buildings
Savile Street East
Sheffield
South Yorkshire
S4 7UQ





REGISTERED NUMBER: 10990349 (England and Wales)





ACCOUNTANTS: Royston Parkin Limited
2 President Buildings
Savile Street East
Sheffield
South Yorkshire
S4 7UQ

J & T Flooring Limited (Registered number: 10990349)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 12,688 16,908

CURRENT ASSETS
Debtors 5 42,046 64,076
Cash at bank 2,970 231
45,016 64,307
CREDITORS
Amounts falling due within one year 6 22,907 33,387
NET CURRENT ASSETS 22,109 30,920
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,797

47,828

CREDITORS
Amounts falling due after more than
one year

7

(24,247

)

(27,585

)

PROVISIONS FOR LIABILITIES 8 (2,411 ) (3,213 )

ACCRUALS AND DEFERRED INCOME (619 ) (1,239 )
NET ASSETS 7,520 15,791

CAPITAL AND RESERVES
Called up share capital 100 1
Retained earnings 7,420 15,790
7,520 15,791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

J & T Flooring Limited (Registered number: 10990349)

Balance Sheet - continued
31 October 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 20 February 2025 and were signed on its behalf by:





JM Wood - Director


J & T Flooring Limited (Registered number: 10990349)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

J & T 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 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 - 33% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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.

J & T Flooring Limited (Registered number: 10990349)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

2. ACCOUNTING POLICIES - continued

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 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023
and 31 October 2024 4,809 32,629 8,537 45,975
DEPRECIATION
At 1 November 2023 3,148 20,338 5,581 29,067
Charge for year 549 3,079 592 4,220
At 31 October 2024 3,697 23,417 6,173 33,287
NET BOOK VALUE
At 31 October 2024 1,112 9,212 2,364 12,688
At 31 October 2023 1,661 12,291 2,956 16,908

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,064 777
CIS debtor 30,877 36,647
Directors' current accounts 7,384 25,393
VAT 721 1,259
42,046 64,076

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,191 3,997
Hire purchase contracts 3,032 3,032
Trade creditors 560 3,622
Tax 17,124 22,736
22,907 33,387

J & T Flooring Limited (Registered number: 10990349)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 18,070 18,456
Hire purchase contracts 6,177 9,129
24,247 27,585

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 2,411 3,213

Deferred
tax
£   
Balance at 1 November 2023 3,213
Provided during year (802 )
Balance at 31 October 2024 2,411

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
JM Wood and Mrs R J Wood
Balance outstanding at start of year 25,393 18,147
Amounts advanced 86,116 69,014
Amounts repaid (104,125 ) (61,768 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,384 25,393