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REGISTERED NUMBER: 01364225 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

FLEETWOOD FLOORING LIMITED

FLEETWOOD FLOORING LIMITED (REGISTERED NUMBER: 01364225)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLEETWOOD FLOORING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mrs S A Jones
G P Jones
W P Jones
G Waller



REGISTERED OFFICE: Mellow End Farm
21 Shalloak Road
Broad Oak
Canterbury
Kent
CT2 0QH



REGISTERED NUMBER: 01364225 (England and Wales)



ACCOUNTANTS: Wentworths & Associates Limited
White Hart House
Silwood Road
Ascot
Berkshire
SL5 0PY



SOLICITORS: Judge Sykes Frixou Limited
York House
23 Kingsway
London
WC2B 6YF

FLEETWOOD FLOORING LIMITED (REGISTERED NUMBER: 01364225)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 31,187 34,713
Investment property 5 929,738 298,953
960,925 333,666

CURRENT ASSETS
Stocks 12,063 13,659
Debtors 6 114,536 47,730
Cash at bank 243,329 394,286
369,928 455,675
CREDITORS
Amounts falling due within one year 7 600,452 49,111
NET CURRENT (LIABILITIES)/ASSETS (230,524 ) 406,564
TOTAL ASSETS LESS CURRENT
LIABILITIES

730,401

740,230

CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 8 166,003 166,003
Retained earnings 8 564,198 574,027
SHAREHOLDERS' FUNDS 730,401 740,230

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

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

FLEETWOOD FLOORING LIMITED (REGISTERED NUMBER: 01364225)

BALANCE SHEET - continued
31 JULY 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 8 April 2025 and were signed on its behalf by:




W P Jones - Director G P Jones - Director




G Waller - Director


FLEETWOOD FLOORING LIMITED (REGISTERED NUMBER: 01364225)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Fleetwood 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 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.
Improvements to property - 2% on cost
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

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.

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 9 (2023 - 11 ) .

FLEETWOOD FLOORING LIMITED (REGISTERED NUMBER: 01364225)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Motor
property vehicles Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 65,024 60,873 125,897
DEPRECIATION
At 1 August 2023 39,213 51,971 91,184
Charge for year 1,300 2,226 3,526
At 31 July 2024 40,513 54,197 94,710
NET BOOK VALUE
At 31 July 2024 24,511 6,676 31,187
At 31 July 2023 25,811 8,902 34,713

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 298,953
Additions 630,785
At 31 July 2024 929,738
NET BOOK VALUE
At 31 July 2024 929,738
At 31 July 2023 298,953

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2019 40,000
Valuation in 2021 77,050
Valuation in 2022 48,953
Cost 763,735
929,738

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 763,735 132,950

Investment properties were valued on an open market value basis on 31 July 2024 by the directors .

FLEETWOOD FLOORING LIMITED (REGISTERED NUMBER: 01364225)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 109,613 29,016
Other debtors 4,923 18,714
114,536 47,730

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,203 12,324
Taxation and social security 15,182 4,583
Other creditors 578,067 32,204
600,452 49,111

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 August 2023 574,027 166,003 740,030
Deficit for the year (1,829 ) (1,829 )
Dividends (8,000 ) (8,000 )
At 31 July 2024 564,198 166,003 730,201