Company Registration No. 07419622 (England and Wales)
Fitzjohn Flooring Ltd
Unaudited accounts
for the year ended 31 October 2024
Fitzjohn Flooring Ltd
Unaudited accounts
Contents
Fitzjohn Flooring Ltd
Company Information
for the year ended 31 October 2024
Directors
Michael Fitzjohn
Robert Atton
Penny Atton
Company Number
07419622 (England and Wales)
Registered Office
15 Gallowstree Lane
Westlands
Newcastle under Lyme
Staffordshire
ST5 2QS
England
Accountants
James Accountancy Services Ltd
3 Waterloo Grove
Kidsgrove
Stoke-on-Trent
Staffordshire
ST7 4SY
Fitzjohn Flooring Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
23,160
19,280
Cash at bank and in hand
78,782
78,018
Creditors: amounts falling due within one year
(57,242)
(42,357)
Net current assets
112,699
145,437
Total assets less current liabilities
135,859
164,717
Provisions for liabilities
Deferred tax
(4,400)
(3,663)
Net assets
131,459
161,054
Called up share capital
101
101
Profit and loss account
131,358
160,953
Shareholders' funds
131,459
161,054
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2025 and were signed on its behalf by
Penny Atton
Director
Company Registration No. 07419622
Fitzjohn Flooring Ltd
Notes to the Accounts
for the year ended 31 October 2024
Fitzjohn Flooring Ltd is a private company, limited by shares, registered in England and Wales, registration number 07419622. The registered office is 15 Gallowstree Lane, Westlands, Newcastle under Lyme, Staffordshire, ST5 2QS, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance method.
Motor vehicles
20% reducing balance method.
Fixtures & fittings
20% reducing balance method.
Computer equipment
20% reducing balance method.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fitzjohn Flooring Ltd
Notes to the Accounts
for the year ended 31 October 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2023
2,442
39,793
2,496
1,390
46,121
Additions
3,656
5,260
-
-
8,916
Disposals
-
-
-
(815)
(815)
At 31 October 2024
6,098
45,053
2,496
575
54,222
At 1 November 2023
942
22,793
2,116
990
26,841
Charge for the year
1,066
3,760
110
100
5,036
On disposals
-
-
-
(815)
(815)
At 31 October 2024
2,008
26,553
2,226
275
31,062
At 31 October 2024
4,090
18,500
270
300
23,160
At 31 October 2023
1,500
17,000
380
400
19,280
Amounts falling due within one year
Trade debtors
64,170
87,379
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,883
1,781
Trade creditors
46,661
24,143
Taxes and social security
7,005
15,209
Loans from directors
843
474
Fitzjohn Flooring Ltd
Notes to the Accounts
for the year ended 31 October 2024
7
Deferred taxation
2024
2023
Accelerated capital allowances
4,400
3,663
Provision at start of year
3,663
4,526
Charged/(credited) to the profit and loss account
737
(863)
Provision at end of year
4,400
3,663
Allotted, called up and fully paid:
101 Ordinary shares of £1 each
101
101
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Average number of employees
During the year the average number of employees was 5 (2023: 5).