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REGISTERED NUMBER: 03522026 (England and Wales)

















The Wooden Floor Specialists
(London) Limited

Financial Statements

for the Year Ended 31 July 2024






The Wooden Floor Specialists
(London) Limited (Registered number: 03522026)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Wooden Floor Specialists
(London) Limited

Company Information
for the year ended 31 July 2024







DIRECTORS: B D Darragh
Miss M A Pacitti





REGISTERED OFFICE: Bradford Peverell Farmhouse
Bradford Peverell
Dorchester
Dorset
DT2 9SF





REGISTERED NUMBER: 03522026 (England and Wales)





ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX

The Wooden Floor Specialists
(London) Limited (Registered number: 03522026)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,207 15,171

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 5 27,563 46,896
Cash at bank 81,371 181,551
118,934 238,447
CREDITORS
Amounts falling due within one year 6 49,091 71,801
NET CURRENT ASSETS 69,843 166,646
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,050

181,817

CREDITORS
Amounts falling due after more than one
year

7

(24,056

)

(19,167

)

PROVISIONS FOR LIABILITIES (7,591 ) (1,867 )
NET ASSETS 82,403 160,783

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 82,401 160,781
82,403 160,783

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.

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 14 April 2025 and were signed on its behalf by:





B D Darragh - Director


The Wooden Floor Specialists
(London) Limited (Registered number: 03522026)

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


1. STATUTORY INFORMATION

The Wooden Floor Specialists (London) 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures, fittings, equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2023 - 4 ) .

The Wooden Floor Specialists
(London) Limited (Registered number: 03522026)

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


4. TANGIBLE FIXED ASSETS
Fixtures,
fittings, Motor
equipment vehicles Totals
£    £    £   
COST
At 1 August 2023 103,737 30,424 134,161
Additions 5,554 35,800 41,354
Disposals (10,711 ) (4,084 ) (14,795 )
At 31 July 2024 98,580 62,140 160,720
DEPRECIATION
At 1 August 2023 94,557 24,433 118,990
Charge for year 2,469 6,582 9,051
Eliminated on disposal (7,990 ) (3,538 ) (11,528 )
At 31 July 2024 89,036 27,477 116,513
NET BOOK VALUE
At 31 July 2024 9,544 34,663 44,207
At 31 July 2023 9,180 5,991 15,171

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 35,800
At 31 July 2024 35,800
DEPRECIATION
Charge for year 5,221
At 31 July 2024 5,221
NET BOOK VALUE
At 31 July 2024 30,579

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,193 35,855
Other debtors 9,000 9,000
Corporation tax recoverable 6,219 -
Prepayments and accrued income 6,151 2,041
27,563 46,896

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,274 10,000
Hire purchase contracts 9,612 -
Trade creditors 8,662 41,250
UK corporation tax - 6,208
Tax and social security costs 5,409 6,009
Other creditors 6,205 -
Directors' current accounts 1,552 3,134
Accruals and deferred income 7,377 5,200
49,091 71,801

The Wooden Floor Specialists
(London) Limited (Registered number: 03522026)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,638 19,167
Hire purchase contracts 14,418 -
24,056 19,167

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 24,030 -

Hire purchase liabilities are secured on the assets concerned.

9. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had future operating lease commitments totalling £72,000.

10. ULTIMATE CONTROLLING PARTY

The controlling party is The Wooden Floor Specialists (Holdings) Limited, company number 13201790, whose registered office address is 24 Cornwall Road, Dorchester, DT1 1RX.