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REGISTERED NUMBER: 13108564 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

VERTEX FLOORING LIMITED

VERTEX FLOORING LIMITED (REGISTERED NUMBER: 13108564)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VERTEX FLOORING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTOR: M R Taylor





SECRETARY:





REGISTERED OFFICE: 7 Stuart Avenue
Eastbourne
East Sussex
BN21 1UR





REGISTERED NUMBER: 13108564 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

VERTEX FLOORING LIMITED (REGISTERED NUMBER: 13108564)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 42,075 27,029

CURRENT ASSETS
Stocks 2,000 1,000
Debtors 5 10,783 20,386
Cash at bank 77,544 39,514
90,327 60,900
CREDITORS
Amounts falling due within one year 6 (50,440 ) (36,010 )
NET CURRENT ASSETS 39,887 24,890
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,962

51,919

CREDITORS
Amounts falling due after more than one
year

7

(22,399

)

(1,700

)

PROVISIONS FOR LIABILITIES (7,994 ) (5,137 )
NET ASSETS 51,569 45,082

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 51,469 44,982
SHAREHOLDERS' FUNDS 51,569 45,082

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

VERTEX FLOORING LIMITED (REGISTERED NUMBER: 13108564)

BALANCE SHEET - continued
31 JANUARY 2025


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 director and authorised for issue on 18 April 2025 and were signed by:





M R Taylor - Director


VERTEX FLOORING LIMITED (REGISTERED NUMBER: 13108564)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Vertex 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.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements have had to be made by management in preparing these financial statements.

There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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 - 25% on reducing balance
Computer equipment - 33% on cost

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.

VERTEX FLOORING LIMITED (REGISTERED NUMBER: 13108564)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued

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 3 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2024 51,518 - 4,068 55,586
Additions 51,164 88 150 51,402
Disposals (45,602 ) - - (45,602 )
At 31 January 2025 57,080 88 4,218 61,386
DEPRECIATION
At 1 February 2024 26,373 - 2,184 28,557
Charge for year 13,557 30 677 14,264
Eliminated on disposal (23,510 ) - - (23,510 )
At 31 January 2025 16,420 30 2,861 19,311
NET BOOK VALUE
At 31 January 2025 40,660 58 1,357 42,075
At 31 January 2024 25,145 - 1,884 27,029

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 10,512 14,519
Other debtors 271 5,867
10,783 20,386

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 9,638 5,101
Trade creditors 27,402 13,594
Taxation and social security 11,741 12,403
Other creditors 1,659 4,912
50,440 36,010

VERTEX FLOORING LIMITED (REGISTERED NUMBER: 13108564)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 22,399 1,700

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2025 2024
value: £    £   
100 Share capital 1 1 100 100