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REGISTERED NUMBER: 09283829 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

THE FLOAT ROOMS LTD

THE FLOAT ROOMS LTD (REGISTERED NUMBER: 09283829)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE FLOAT ROOMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: G Kasler
C Pierson





REGISTERED OFFICE: 15 West Street
Brighton
East Sussex
BN1 2RL





REGISTERED NUMBER: 09283829 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

THE FLOAT ROOMS LTD (REGISTERED NUMBER: 09283829)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 163,216 25,534

CURRENT ASSETS
Stocks 17,589 22,051
Debtors 5 20,116 7,878
Cash at bank and in hand 27,521 27,057
65,226 56,986
CREDITORS
Amounts falling due within one year 6 137,504 89,418
NET CURRENT LIABILITIES (72,278 ) (32,432 )
TOTAL ASSETS LESS CURRENT LIABILITIES 90,938 (6,898 )

CREDITORS
Amounts falling due after more than one year 7 249,800 105,724
NET LIABILITIES (158,862 ) (112,622 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (158,863 ) (112,623 )
SHAREHOLDERS' FUNDS (158,862 ) (112,622 )

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by:




G Kasler - Director



C Pierson - Director


THE FLOAT ROOMS LTD (REGISTERED NUMBER: 09283829)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

The Float Rooms Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 represents sales of therapeutic services and is recognised at the point the service is delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors acknowledge the net liabilities position and have agreed that they will continue to support the company, so it is able to fulfil its obligations as they fall due, for a period of at least 12 months from the date of the approval of these financial statements. Therefore, the directors have concluded that the going concern basis of preparation of these financial statements remains appropriate.

3. EMPLOYEES

The average number of employees during the year was 8 (2023 - 7 ) .

THE FLOAT ROOMS LTD (REGISTERED NUMBER: 09283829)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1 November 2023 3,450 58,635 64,067
Additions 11,436 133,359 1,118
At 31 October 2024 14,886 191,994 65,185
DEPRECIATION
At 1 November 2023 2,798 44,487 55,968
Charge for year 506 10,326 2,252
At 31 October 2024 3,304 54,813 58,220
NET BOOK VALUE
At 31 October 2024 11,582 137,181 6,965
At 31 October 2023 652 14,148 8,099

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023 14,862 4,658 145,672
Additions 4,443 2,063 152,419
At 31 October 2024 19,305 6,721 298,091
DEPRECIATION
At 1 November 2023 12,357 4,528 120,138
Charge for year 865 788 14,737
At 31 October 2024 13,222 5,316 134,875
NET BOOK VALUE
At 31 October 2024 6,083 1,405 163,216
At 31 October 2023 2,505 130 25,534

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates - 6,777
Other debtors 312 -
Tax 1,930 -
Prepayments 17,874 1,101
20,116 7,878

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 47,569 10,084
Trade creditors 12,882 6,129
Amounts owed to associates 13,566 -
Tax 1,930 1,962
Social security and other taxes 3,187 3,415
VAT 6,500 15,075
Other creditors 45,775 44,692
Directors' loan accounts 5,957 6,116
Accrued expenses 138 1,945
137,504 89,418

THE FLOAT ROOMS LTD (REGISTERED NUMBER: 09283829)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 49,849 10,000
Bank loans - 2-5 years 78,452 15,727
Bank loans more 5 yr by instal 31,502 -
Directors' loan accounts 89,997 79,997
249,800 105,724

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 31,502 -

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 70,225 55,200
Between one and five years 243,750 4,600
313,975 59,800

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 207,372 35,727

There are fixed and floating charges in place over the company's assets as security in relation to the bank loans.