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REGISTERED NUMBER: 08219227 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

FOOTINGS AND FLOORS LIMITED

FOOTINGS AND FLOORS LIMITED (REGISTERED NUMBER: 08219227)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


FOOTINGS AND FLOORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







Directors: L Percival
L P Maynard
Mrs V Percival





Registered office: Dickens House
Guithavon Street
Witham
Essex
CM8 1BJ





Registered number: 08219227 (England and Wales)





Accountants: Baverstocks Limited
Chartered Certified Accountants
Dickens House
Guithavon Street
Witham
Essex
CM8 1BJ

FOOTINGS AND FLOORS LIMITED (REGISTERED NUMBER: 08219227)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 158,216 67,339

Current assets
Debtors 302,550 221,670
Prepayments and accrued income 820 6,594
Cash at bank 108,708 174,243
412,078 402,507
Creditors
Amounts falling due within one year 207,120 251,282
Net current assets 204,958 151,225
Total assets less current liabilities 363,174 218,564

Creditors
Amounts falling due after more than one
year

(126,446

)

(45,808

)

Provisions for liabilities (20,955 ) (12,072 )

Accruals and deferred income (4,780 ) (13,313 )
Net assets 210,993 147,371

Capital and reserves
Called up share capital 7 7
Other reserves 5,906 5,906
Retained earnings 205,080 141,458
Shareholders' funds 210,993 147,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

FOOTINGS AND FLOORS LIMITED (REGISTERED NUMBER: 08219227)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 May 2025 and were signed on its behalf by:





L Percival - Director


FOOTINGS AND FLOORS LIMITED (REGISTERED NUMBER: 08219227)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. Statutory information

Footings and Floors 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.
Plant and Machinery - 15% on reducing balance
Motor Vehicles - 25% on reducing balance
Office Equipment - 33% 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.

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.

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

FOOTINGS AND FLOORS LIMITED (REGISTERED NUMBER: 08219227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. Employees and directors

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

4. Tangible fixed assets
Totals
£   
Cost
At 1 October 2023 130,220
Additions 139,459
Disposals (57,690 )
At 30 September 2024 211,989
Depreciation
At 1 October 2023 62,881
Charge for year 20,334
Eliminated on disposal (29,442 )
At 30 September 2024 53,773
Net book value
At 30 September 2024 158,216
At 30 September 2023 67,339

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
Cost
At 1 October 2023 72,875
Additions 134,930
Disposals (57,690 )
At 30 September 2024 150,115
Depreciation
At 1 October 2023 34,901
Charge for year 14,151
Eliminated on disposal (29,442 )
At 30 September 2024 19,610
Net book value
At 30 September 2024 130,505
At 30 September 2023 37,974

FOOTINGS AND FLOORS LIMITED (REGISTERED NUMBER: 08219227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. Loans

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank Loans 9,888 9,771

Amounts falling due between one and two years:
Bank Loans 7,580 10,018

Amounts falling due between two and five years:
Bank Loans - 7,679

6. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
L Percival
Balance outstanding at start of year - -
Amounts advanced 39,991 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,991 -