Company registration number 05980174 (England and Wales)
DECOR FLOORS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
DECOR FLOORS LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
DECOR FLOORS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
3
20,730
22,703
Current assets
Inventories
18,400
15,280
Trade and other receivables
4
122,152
88,508
140,552
103,788
Current liabilities
5
(124,550)
(86,478)
Net current assets
16,002
17,310
Total assets less current liabilities
36,732
40,013
Non-current liabilities
6
(16,875)
(22,500)
Provisions for liabilities
(3,431)
(3,078)
Net assets
16,426
14,435
Equity
Called up share capital
7
3
3
Retained earnings
16,423
14,432
Total equity
16,426
14,435

The notes on pages 3 to 6 form part of these financial statements.

DECOR FLOORS LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 OCTOBER 2024
31 October 2024
- 2 -

For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 28 July 2025
John Staley
Director
Company registration number 05980174 (England and Wales)
DECOR FLOORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 3 -
1
Accounting policies
Company information

Decor Floors Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 Schoolyard Guild Street, Burton on Trent, Staffordshire, DE14 1NB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, values and other sales taxes.

1.3
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% on reducing balance
Computers
33% on cost
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DECOR FLOORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Leases
As lessee

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

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

1.6

Loans from directors

Any loans from the Director's to the company are interest free and repayable on demand.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
DECOR FLOORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 5 -
3
Property, plant and equipment
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 November 2023
22,513
12,662
40,416
75,591
Additions
-
0
-
0
10,000
10,000
Disposals
-
0
-
0
(9,000)
(9,000)
At 31 October 2024
22,513
12,662
41,416
76,591
Depreciation and impairment
At 1 November 2023
12,564
12,662
27,662
52,888
Depreciation charged in the year
2,487
-
0
4,423
6,910
Eliminated in respect of disposals
-
0
-
0
(3,937)
(3,937)
At 31 October 2024
15,051
12,662
28,148
55,861
Carrying amount
At 31 October 2024
7,462
-
0
13,268
20,730
At 31 October 2023
9,949
-
0
12,754
22,703
4
Trade and other receivables
2024
2023
Amounts falling due within one year:
£
£
Trade receivables
37,094
18,636
Other receivables
83,728
68,908
Prepayments and accrued income
1,330
964
122,152
88,508
5
Current liabilities
2024
2023
£
£
Bank loans and overdrafts
42,487
37,387
Obligations under finance leases
1,750
-
0
Trade payables
28,130
17,655
Corporation tax
514
392
Other payables
48,218
27,968
Accruals and deferred income
3,451
3,076
124,550
86,478
DECOR FLOORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 6 -
6
Non-current liabilities
2024
2023
Notes
£
£
Bank loans and overdrafts
12,500
22,500
Obligations under finance leases
4,375
-
0
16,875
22,500
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
3
3
3
3
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