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REGISTERED NUMBER: 06788968 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

N M A FLOORING LIMITED

N M A FLOORING LIMITED (REGISTERED NUMBER: 06788968)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


N M A FLOORING LIMITED (REGISTERED NUMBER: 06788968)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 388,320 329,307
388,320 329,307

CURRENT ASSETS
Stocks 95,570 60,050
Debtors 6 389,348 512,688
Cash at bank 145,674 134,749
630,592 707,487
CREDITORS
Amounts falling due within one year 7 521,760 531,350
NET CURRENT ASSETS 108,832 176,137
TOTAL ASSETS LESS CURRENT
LIABILITIES

497,152

505,444

CREDITORS
Amounts falling due after more than one
year

8

(174,087

)

(168,517

)

PROVISIONS FOR LIABILITIES 9 (73,781 ) (68,529 )
NET ASSETS 249,284 268,398

N M A FLOORING LIMITED (REGISTERED NUMBER: 06788968)

BALANCE SHEET - continued
31 JANUARY 2025

2025 2024
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 7,502 7,502
Retained earnings 11 241,782 260,896
SHAREHOLDERS' FUNDS 249,284 268,398

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 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:





Mr N M Anderson - Director


N M A FLOORING LIMITED (REGISTERED NUMBER: 06788968)

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


1. STATUTORY INFORMATION

N M A Flooring Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06788968

Registered office: Grenville House
9 Boutport Street
BARNSTAPLE
Devon
EX31 1TZ

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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
Equipment - 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.


N M A FLOORING LIMITED (REGISTERED NUMBER: 06788968)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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 10 (2024 - 10 ) .

N M A FLOORING LIMITED (REGISTERED NUMBER: 06788968)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 25,000
AMORTISATION
At 1 February 2024
and 31 January 2025 25,000
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 February 2024 22,265 267,114 286,724 13,117 589,220
Additions - 79,777 95,727 313 175,817
Disposals - - (63,647 ) - (63,647 )
At 31 January 2025 22,265 346,891 318,804 13,430 701,390
DEPRECIATION
At 1 February 2024 - 112,291 138,606 9,016 259,913
Charge for year - 35,188 54,640 1,683 91,511
Eliminated on disposal - - (38,354 ) - (38,354 )
At 31 January 2025 - 147,479 154,892 10,699 313,070
NET BOOK VALUE
At 31 January 2025 22,265 199,412 163,912 2,731 388,320
At 31 January 2024 22,265 154,823 148,118 4,101 329,307

N M A FLOORING LIMITED (REGISTERED NUMBER: 06788968)

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


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2024 173,132 228,194 401,326
Additions 64,035 95,727 159,762
Disposals - (31,332 ) (31,332 )
At 31 January 2025 237,167 292,589 529,756
DEPRECIATION
At 1 February 2024 53,216 96,039 149,255
Charge for year 27,592 52,566 80,158
Eliminated on disposal - (13,708 ) (13,708 )
At 31 January 2025 80,808 134,897 215,705
NET BOOK VALUE
At 31 January 2025 156,359 157,692 314,051
At 31 January 2024 119,916 132,155 252,071

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 355,606 458,711
Other debtors 33,742 53,977
389,348 512,688

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 106,882 95,030
Trade creditors 371,842 380,736
Taxation and social security 23,670 27,885
Other creditors 19,366 27,699
521,760 531,350

N M A FLOORING LIMITED (REGISTERED NUMBER: 06788968)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Bank loans 11,333 19,333
Hire purchase contracts 162,754 149,184
174,087 168,517

9. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax
Accelerated capital allowances 73,781 68,529

Deferred
tax
£   
Balance at 1 February 2024 68,529
Provided during year 5,252
Balance at 31 January 2025 73,781

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
7,500 Ordinary 1 7,500 7,500
1 Ordinary A 1 1 1
1 Ordinary B 1 1 1
7,502 7,502

11. RESERVES
Retained
earnings
£   

At 1 February 2024 260,896
Profit for the year 43,616
Dividends (62,730 )
At 31 January 2025 241,782

N M A FLOORING LIMITED (REGISTERED NUMBER: 06788968)

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


12. RELATED PARTY DISCLOSURES

The directors, Mr & Mrs Anderson, received rental income from the company for their outbuildings. The total charge for the year was £18,000.