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REGISTERED NUMBER: 07505442 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2025

for

360 Flooring Limited

360 Flooring Limited (Registered number: 07505442)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

360 Flooring Limited

Company Information
for the Year Ended 31 January 2025







DIRECTOR: M A O'Donovan





REGISTERED OFFICE: Langley Drive
Castle Bromwich
Birmingham
West Midlands
B35 7AD





REGISTERED NUMBER: 07505442 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

360 Flooring Limited (Registered number: 07505442)

Balance Sheet
31 January 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 322,832 229,931

CURRENT ASSETS
Stocks 13,999 30,768
Debtors 5 382,900 428,935
Cash at bank 55,812 99,617
452,711 559,320
CREDITORS
Amounts falling due within one year 6 (295,570 ) (434,527 )
NET CURRENT ASSETS 157,141 124,793
TOTAL ASSETS LESS CURRENT
LIABILITIES

479,973

354,724

CREDITORS
Amounts falling due after more than one
year

7

(116,956

)

(87,393

)
NET ASSETS 363,017 267,331

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 362,917 267,231
SHAREHOLDERS' FUNDS 363,017 267,331

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

360 Flooring Limited (Registered number: 07505442)

Balance Sheet - continued
31 January 2025


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 July 2025 and were signed by:





M A O'Donovan - Director


360 Flooring Limited (Registered number: 07505442)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

360 Flooring Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

360 Flooring Limited (Registered number: 07505442)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2024 4,622 387,503 14,094 406,219
Additions - 186,984 - 186,984
Disposals - (29,991 ) - (29,991 )
At 31 January 2025 4,622 544,496 14,094 563,212
DEPRECIATION
At 1 February 2024 3,023 160,885 12,380 176,288
Charge for year 321 78,078 1,022 79,421
Eliminated on disposal - (15,329 ) - (15,329 )
At 31 January 2025 3,344 223,634 13,402 240,380
NET BOOK VALUE
At 31 January 2025 1,278 320,862 692 322,832
At 31 January 2024 1,599 226,618 1,714 229,931

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2024 316,245
Additions 186,984
Disposals (29,991 )
At 31 January 2025 473,238
DEPRECIATION
At 1 February 2024 118,987
Charge for year 68,844
Eliminated on disposal (15,329 )
At 31 January 2025 172,502
NET BOOK VALUE
At 31 January 2025 300,736
At 31 January 2024 197,258

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 338,642 380,157
Other debtors 44,258 48,778
382,900 428,935

360 Flooring Limited (Registered number: 07505442)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 59,581 50,940
Trade creditors 134,071 176,537
Taxation and social security 16,124 97,135
Other creditors 85,794 109,915
295,570 434,527

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 113,623 74,060
Other creditors 3,333 13,333
116,956 87,393

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 173,204 125,000

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
360 Flooring Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 360 Flooring Limited for the year ended 31 January 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of 360 Flooring Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 360 Flooring Limited and state those matters that we have agreed to state to the director of 360 Flooring Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 360 Flooring Limited and its director for our work or for this report.

It is your duty to ensure that 360 Flooring Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 360 Flooring Limited. You consider that 360 Flooring Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of 360 Flooring Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


28 July 2025