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REGISTERED NUMBER: 07991257 (England and Wales)







Unaudited Financial Statements

for the Year Ended 30 September 2024

for

R. Sees Flooring Co Limited

R. Sees Flooring Co Limited (Registered number: 07991257)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R. Sees Flooring Co Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr K Sees
Mr R Sees





REGISTERED OFFICE: The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR





REGISTERED NUMBER: 07991257 (England and Wales)





ACCOUNTANTS: DSCO
The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR

R. Sees Flooring Co Limited (Registered number: 07991257)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 28,520 32,688
28,520 32,688

CURRENT ASSETS
Stocks 6 69,122 39,286
Debtors 7 1,141,779 508,298
Cash at bank and in hand 36,504 347,026
1,247,405 894,610
CREDITORS
Amounts falling due within one year 8 451,079 208,700
NET CURRENT ASSETS 796,326 685,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

824,846

718,598

CREDITORS
Amounts falling due after more than one year 9 (6,977 ) (16,902 )

PROVISIONS FOR LIABILITIES (6,881 ) (6,608 )
NET ASSETS 810,988 695,088

CAPITAL AND RESERVES
Called up share capital 120,300 120,300
Retained earnings 690,688 574,788
SHAREHOLDERS' FUNDS 810,988 695,088

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.

R. Sees Flooring Co Limited (Registered number: 07991257)

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.

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 5 June 2025 and were signed on its behalf by:





Mr K Sees - Director


R. Sees Flooring Co Limited (Registered number: 07991257)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

R. Sees Flooring Co 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, 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.
Short leasehold - in accordance with the property
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% 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.


R. Sees Flooring Co Limited (Registered number: 07991257)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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
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 12 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 152,000
AMORTISATION
At 1 October 2023
and 30 September 2024 152,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

R. Sees Flooring Co Limited (Registered number: 07991257)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 2,684 8,579 27,850 47,680 86,793
Additions - - 2,319 - 2,319
At 30 September 2024 2,684 8,579 30,169 47,680 89,112
DEPRECIATION
At 1 October 2023 2,684 4,423 11,683 35,315 54,105
Charge for year - 623 2,773 3,091 6,487
At 30 September 2024 2,684 5,046 14,456 38,406 60,592
NET BOOK VALUE
At 30 September 2024 - 3,533 15,713 9,274 28,520
At 30 September 2023 - 4,156 16,167 12,365 32,688

6. STOCKS
30.9.24 30.9.23
£    £   
Stocks 69,122 39,286

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 977,669 442,446
Other debtors 164,110 65,852
1,141,779 508,298

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 31,850 -
Trade creditors 265,899 133,908
Taxation and social security 111,564 48,597
Other creditors 41,766 26,195
451,079 208,700

R. Sees Flooring Co Limited (Registered number: 07991257)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Other creditors 6,977 16,902