| JLO Flooring Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Motor vehicles |
over 4 years |
|
|
Debtors |
|
Short term debtors are measured at transaction price. |
|
|
Creditors |
|
Short term creditors are measured at transaction price. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Motor vehicles |
| £ |
|
Cost |
|
At 1 April 2024 |
21,667 |
|
At 31 March 2025 |
21,667 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
21,667 |
|
Charge for the year |
- |
|
At 31 March 2025 |
21,667 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
- |
|
At 31 March 2024 |
- |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
79,153 |
|
26,530 |
|
Taxation and social security costs |
|
|
|
25,086 |
|
10,592 |
|
Other debtors |
1,540 |
|
- |
|
|
|
|
|
|
105,779 |
|
37,122 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
33,086 |
|
13,829 |
|
Taxation and social security costs |
20,787 |
|
11,237 |
|
Other creditors |
95,267 |
|
85,540 |
|
|
|
|
|
|
149,140 |
|
110,606 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
JLO Flooring Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
2 Dunnerdale Road |
|
Clayhanger |
|
Walsall |
|
WS8 7SJ |