7 10 A G Flooring Limited 02759594 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is that of the supply and fitting of floor coverings Digita Accounts Production Advanced 6.30.9574.0 true true 02759594 2023-11-01 2024-10-31 02759594 2024-10-31 02759594 core:RetainedEarningsAccumulatedLosses 2024-10-31 02759594 core:ShareCapital 2024-10-31 02759594 core:CurrentFinancialInstruments 2024-10-31 02759594 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 02759594 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 02759594 core:FurnitureFittingsToolsEquipment 2024-10-31 02759594 core:MotorVehicles 2024-10-31 02759594 core:OtherPropertyPlantEquipment 2024-10-31 02759594 bus:SmallEntities 2023-11-01 2024-10-31 02759594 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 02759594 bus:FilletedAccounts 2023-11-01 2024-10-31 02759594 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 02759594 bus:RegisteredOffice 2023-11-01 2024-10-31 02759594 bus:Director1 2023-11-01 2024-10-31 02759594 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 02759594 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 02759594 core:MotorVehicles 2023-11-01 2024-10-31 02759594 core:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 02759594 core:PlantMachinery 2023-11-01 2024-10-31 02759594 1 2023-11-01 2024-10-31 02759594 countries:England 2023-11-01 2024-10-31 02759594 2023-10-31 02759594 core:FurnitureFittingsToolsEquipment 2023-10-31 02759594 core:MotorVehicles 2023-10-31 02759594 core:OtherPropertyPlantEquipment 2023-10-31 02759594 2022-11-01 2023-10-31 02759594 2023-10-31 02759594 core:RetainedEarningsAccumulatedLosses 2023-10-31 02759594 core:ShareCapital 2023-10-31 02759594 core:CurrentFinancialInstruments 2023-10-31 02759594 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 02759594 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 02759594 core:FurnitureFittingsToolsEquipment 2023-10-31 02759594 core:MotorVehicles 2023-10-31 02759594 core:OtherPropertyPlantEquipment 2023-10-31 xbrli:pure iso4217:GBP

Registration number: 02759594

A G Flooring Limited

Unaudited Financial Statements

for the Year Ended 31 October 2024

 

A G Flooring Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

A G Flooring Limited

(Registration number: 02759594)
Statement of Financial Position as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

34,793

45,151

Current assets

 

Stocks

5

1,000

1,000

Debtors

6

16,774

27,917

Cash at bank and in hand

 

156,345

305,962

 

174,119

334,879

Creditors: Amounts falling due within one year

7

(26,629)

(92,540)

Net current assets

 

147,490

242,339

Total assets less current liabilities

 

182,283

287,490

Creditors: Amounts falling due after more than one year

7

(15,035)

(21,469)

Provisions for liabilities

(6,580)

(11,228)

Net assets

 

160,668

254,793

Capital and reserves

 

Called up share capital

100

100

Retained earnings

160,568

254,693

Shareholders' funds

 

160,668

254,793

 

A G Flooring Limited

(Registration number: 02759594)
Statement of Financial Position as at 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.

Director's 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 director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 25 June 2025
 

.........................................
AS Gayle
Director

   
     
 

A G Flooring Limited

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

1

General information

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

The address of its registered office is:
One Express
1 George Leigh Street
Manchester
M4 5DL

These financial statements were authorised for issue by the director on 25 June 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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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 sales/value added tax, returns, rebates and discounts.

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.

Government grants

Government grants are included in the profit and loss account on the accruals basis.

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.

 

A G Flooring Limited

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

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 statement of financial position 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 over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Motor vehicles

25% reducing balance

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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

A G Flooring Limited

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

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2023 - 10).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other property, plant and equipment
£

Total
£

Cost or valuation

At 1 November 2023

5,378

47,829

29,445

82,652

Additions

800

-

-

800

At 31 October 2024

6,178

47,829

29,445

83,452

Depreciation

At 1 November 2023

2,028

18,494

16,979

37,501

Charge for the year

1,422

7,974

1,762

11,158

At 31 October 2024

3,450

26,468

18,741

48,659

Carrying amount

At 31 October 2024

2,728

21,361

10,704

34,793

At 31 October 2023

3,350

29,335

12,466

45,151

5

Stocks

2024
£

2023
£

Other inventories

1,000

1,000

 

A G Flooring Limited

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

6

Debtors

2024
£

2023
£

Trade debtors

13,504

25,197

Prepayments

3,270

2,720

16,774

27,917

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6,724

6,267

Trade creditors

 

2,240

6,184

Taxation and social security

 

12,535

75,010

Accruals and deferred income

 

4,750

3,850

Other creditors

 

380

1,229

 

26,629

92,540


Creditors include net obligations under hire purchase contracts which are secured of £6,724 (2023 - £6,267).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Hire purchase agreements

15,035

21,469


Creditors include net obligations under hire purchase contracts which are secured of £15,035 (2023 - £21,469).

8

Parent and ultimate parent undertaking

The company's immediate parent undertaking is Gayle Holdings Limited, a company registered in the United Kingdom. The registered office of Gayle Holdings Limited is One Express, 1 George Leigh Street, Manchester, M4 5DL.