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REGISTERED NUMBER: 10452283 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2024

for

For The Floor & More Limited

For The Floor & More Limited (Registered number: 10452283)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


For The Floor & More Limited (Registered number: 10452283)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 10,068 11,174

CURRENT ASSETS
Stocks 400 -
Debtors 5 3,123 1,623
Cash at bank 13,687 19,148
17,210 20,771
CREDITORS
Amounts falling due within one year 6 13,513 16,705
NET CURRENT ASSETS 3,697 4,066
TOTAL ASSETS LESS CURRENT LIABILITIES 13,765 15,240

CREDITORS
Amounts falling due after more than one year 7 (10,703 ) (12,905 )

PROVISIONS FOR LIABILITIES (2,479 ) (2,123 )
NET ASSETS 583 212

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 480 109
SHAREHOLDERS' FUNDS 583 212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 May 2025 and were signed on its behalf by:





Mr P J Kennedy - Director


For The Floor & More Limited (Registered number: 10452283)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

For The Floor & More 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: 10452283

Registered office: Ebenezer House
Ryecroft
Newcastle-under-Lyme
Staffordshire
ST5 2BE

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

For The Floor & More Limited (Registered number: 10452283)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 22,869 13,210 36,079
Additions - 1,698 1,698
At 31 October 2024 22,869 14,908 37,777
DEPRECIATION
At 1 November 2023 11,699 13,206 24,905
Charge for year 2,234 570 2,804
At 31 October 2024 13,933 13,776 27,709
NET BOOK VALUE
At 31 October 2024 8,936 1,132 10,068
At 31 October 2023 11,170 4 11,174

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 1,459 -

Amounts falling due after more than one year:
Other debtors 1,664 1,623

Aggregate amounts 3,123 1,623

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,889 1,889
Hire purchase contracts - 1,189
Trade creditors 6,181 11,357
Taxation and social security 3,457 1,551
Other creditors 1,986 719
13,513 16,705

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,703 12,905

8. OTHER FINANCIAL COMMITMENTS

The company had a commitment under a non-cancellable operating lease at 31st October 2024 to £1,814 . This commitment represents the total amount of payments due on the lease ending in February 2027.

For The Floor & More Limited (Registered number: 10452283)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Mr P J Kennedy
Balance outstanding at start of year 1,623 1,623
Amounts advanced 10,565 -
Amounts repaid (10,524 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,664 1,623