IRIS Accounts Production v25.1.4.42 09348921 director 1.1.24 31.12.24 31.12.24 0 0 false true false false true false Ordinary - A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh093489212023-12-31093489212024-12-31093489212024-01-012024-12-31093489212022-12-31093489212023-01-012023-12-31093489212023-12-3109348921ns15:EnglandWales2024-01-012024-12-3109348921ns14:PoundSterling2024-01-012024-12-3109348921ns10:Director12024-01-012024-12-3109348921ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3109348921ns10:SmallEntities2024-01-012024-12-3109348921ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3109348921ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3109348921ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3109348921ns10:FullAccounts2024-01-012024-12-3109348921ns10:OrdinaryShareClass12024-01-012024-12-3109348921ns10:RegisteredOffice2024-01-012024-12-3109348921ns5:CurrentFinancialInstruments2024-12-3109348921ns5:CurrentFinancialInstruments2023-12-3109348921ns5:ShareCapital2024-12-3109348921ns5:ShareCapital2023-12-3109348921ns5:FurtherSpecificReserve1ComponentTotalEquity2024-12-3109348921ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3109348921ns5:RetainedEarningsAccumulatedLosses2024-12-3109348921ns5:RetainedEarningsAccumulatedLosses2023-12-3109348921ns5:LeaseholdImprovements2024-01-012024-12-3109348921ns5:FurnitureFittings2024-01-012024-12-3109348921ns5:LeaseholdImprovements2023-12-3109348921ns5:FurnitureFittings2023-12-3109348921ns5:LeaseholdImprovements2024-12-3109348921ns5:FurnitureFittings2024-12-3109348921ns5:LeaseholdImprovements2023-12-3109348921ns5:FurnitureFittings2023-12-3109348921ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3109348921ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3109348921ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 09348921 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE SPECIALIST WOOD FLOORING COMPANY LTD

THE SPECIALIST WOOD FLOORING COMPANY LTD (REGISTERED NUMBER: 09348921)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE SPECIALIST WOOD FLOORING COMPANY LTD

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTOR: G N E Payne





REGISTERED OFFICE: Unit 2C Henley Business Park
Pirbright Road
Normandy
Guildford
Surrey
GU3 2DX





REGISTERED NUMBER: 09348921 (England and Wales)





ACCOUNTANTS: A & N (Haslemere) Limited
Aruna House
2 Kings Road
Haslemere
Surrey
GU27 2QA

THE SPECIALIST WOOD FLOORING COMPANY LTD (REGISTERED NUMBER: 09348921)

BALANCE SHEET
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 3,552 5,349

CURRENT ASSETS
Stocks 4 50,439 51,105
Debtors 5 229 9,197
Cash at bank 1,920 10,218
52,588 70,520
CREDITORS
Amounts falling due within one year 6 1,711 327,447
NET CURRENT ASSETS/(LIABILITIES) 50,877 (256,927 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,429

(251,578

)

CAPITAL AND RESERVES
Called up share capital 7 1 1
Other reserves 313,791 -
Retained earnings (259,363 ) (251,579 )
SHAREHOLDERS' FUNDS 54,429 (251,578 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 director and authorised for issue on 21 August 2025 and were signed by:





G N E Payne - Director


THE SPECIALIST WOOD FLOORING COMPANY LTD (REGISTERED NUMBER: 09348921)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. 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.
Improvements to property - 10% on cost
Fixtures and fittings - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2. EMPLOYEES AND DIRECTORS

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

3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 16,569 3,351 19,920
DEPRECIATION
At 1 January 2024 11,922 2,649 14,571
Charge for year 1,657 140 1,797
At 31 December 2024 13,579 2,789 16,368
NET BOOK VALUE
At 31 December 2024 2,990 562 3,552
At 31 December 2023 4,647 702 5,349

4. STOCKS
31.12.24 31.12.23
£    £   
Stocks 50,439 51,105

THE SPECIALIST WOOD FLOORING COMPANY LTD (REGISTERED NUMBER: 09348921)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors - 9,197
Prepayments 229 -
229 9,197

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 107 -
VAT 904 878
Advance from customer - 9,472
Directors' current accounts - 313,791
Accrued expenses 700 3,306
1,711 327,447

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1 Ordinary - A £1 1 1

8. RELATED PARTY DISCLOSURES

The late Mr Drummond Shaw, former director, had previously advanced funds to the company. During the year, the balance was reclassified to capital contributions with the agreement of the trustees.

9. CAPITAL CONTRIBUTIONS

During the year, a balance previously standing to the credit of the late Mr Drummond Shaw’s director’s loan account was, with the agreement of the trustees, transferred to the Capital Contributions reserve. This represents amounts introduced into the company during his tenure as director. The balance is non-interest bearing and has no fixed repayment date.