Weymouth Flooring Limited 12168711 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is to provide and install floor and wall covering. Digita Accounts Production Advanced 6.30.9574.0 true 12168711 2023-11-01 2024-10-31 12168711 2024-10-31 12168711 core:RetainedEarningsAccumulatedLosses 2024-10-31 12168711 core:ShareCapital 2024-10-31 12168711 core:CurrentFinancialInstruments 2024-10-31 12168711 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 12168711 core:Non-currentFinancialInstruments 2024-10-31 12168711 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 12168711 core:FurnitureFittings 2024-10-31 12168711 core:MotorVehicles 2024-10-31 12168711 core:OfficeEquipment 2024-10-31 12168711 bus:SmallEntities 2023-11-01 2024-10-31 12168711 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 12168711 bus:FilletedAccounts 2023-11-01 2024-10-31 12168711 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12168711 bus:RegisteredOffice 2023-11-01 2024-10-31 12168711 bus:Director1 2023-11-01 2024-10-31 12168711 bus:Director2 2023-11-01 2024-10-31 12168711 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12168711 core:FurnitureFittings 2023-11-01 2024-10-31 12168711 core:MotorVehicles 2023-11-01 2024-10-31 12168711 core:OfficeEquipment 2023-11-01 2024-10-31 12168711 countries:EnglandWales 2023-11-01 2024-10-31 12168711 2023-10-31 12168711 core:FurnitureFittings 2023-10-31 12168711 core:MotorVehicles 2023-10-31 12168711 core:OfficeEquipment 2023-10-31 12168711 2022-11-01 2023-10-31 12168711 2023-10-31 12168711 core:RetainedEarningsAccumulatedLosses 2023-10-31 12168711 core:ShareCapital 2023-10-31 12168711 core:CurrentFinancialInstruments 2023-10-31 12168711 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 12168711 core:Non-currentFinancialInstruments 2023-10-31 12168711 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 12168711 core:FurnitureFittings 2023-10-31 12168711 core:MotorVehicles 2023-10-31 12168711 core:OfficeEquipment 2023-10-31 iso4217:GBP xbrli:pure

Registration number: 12168711

Weymouth Flooring Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Weymouth Flooring Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Weymouth Flooring Limited

Company Information

Directors

M O'Connor

C O'Connor

Registered office

The Clock Tower
5 Farleigh Court
Old Weston Road
Flax Bourton
Bristol
BS48 1UR

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisors
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

Weymouth Flooring Limited

(Registration number: 12168711)
Balance Sheet
31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

39,320

51,025

Current assets

 

Stocks

5

21,500

2,800

Debtors

6

128,978

154,220

Cash at bank and in hand

 

42,885

31,946

 

193,363

188,966

Creditors: Amounts falling due within one year

7

(174,365)

(129,399)

Net current assets

 

18,998

59,567

Total assets less current liabilities

 

58,318

110,592

Creditors: Amounts falling due after more than one year

7

(8,167)

(16,281)

Provisions for liabilities

(9,830)

(14,578)

Net assets

 

40,321

79,733

Capital and reserves

 

Called up share capital

151

151

Retained earnings

40,170

79,582

Shareholders' funds

 

40,321

79,733

 

Weymouth Flooring Limited

(Registration number: 12168711)
Balance Sheet
31 October 2024

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 July 2025 and signed on its behalf by:
 

.........................................
M O'Connor
Director

 

Weymouth Flooring Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Clock Tower
5 Farleigh Court
Old Weston Road
Flax Bourton
Bristol
BS48 1UR

These financial statements were authorised for issue by the Board on 17 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Weymouth Flooring Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% per annum straight line basis

Fixtures and fittings

10% per annum straight line

Motor vehicles

20% per annum straight line

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Weymouth Flooring Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers and are recorded at transaction price. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Weymouth Flooring Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2023

13,716

457

51,670

65,843

Disposals

-

(457)

-

(457)

At 31 October 2024

13,716

-

51,670

65,386

Depreciation

At 1 November 2023

4,027

457

10,334

14,818

Charge for the year

1,371

-

10,334

11,705

Eliminated on disposal

-

(457)

-

(457)

At 31 October 2024

5,398

-

20,668

26,066

Carrying amount

At 31 October 2024

8,318

-

31,002

39,320

At 31 October 2023

9,689

-

41,336

51,025

5

Stocks

2024
£

2023
£

Other inventories

21,500

2,800

6

Debtors

 

Weymouth Flooring Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 2024

2024
£

2023
£

Trade debtors

114,093

138,903

Other debtors

7,695

15,317

Prepayments

7,190

-

128,978

154,220

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

8,500

7,300

Trade creditors

 

58,028

30,277

Taxation and social security

 

18,089

25,920

Accruals and deferred income

 

18,456

17,379

Other creditors

 

71,292

48,523

 

174,365

129,399

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

8,167

16,281

Current loans and borrowings

2024
£

2023
£

Bank borrowings

8,500

7,300