Company registration number 14459573 (England and Wales)
UK CONCRETE FLOORING SPECIALISTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
UK CONCRETE FLOORING SPECIALISTS LIMITED
COMPANY INFORMATION
Directors
Mr Karl Timmins
Mrs Joanna Timmins
Company number
14459573
Registered office
16 Norfolk Drive
Tamworth
Staffordshire
B78 3XP
Accountants
Malcolm Piper & Company Limited
Kingsnorth House
Blenheim Way
Birmingham
West Midlands
United Kingdom
B44 8LS
UK CONCRETE FLOORING SPECIALISTS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
UK CONCRETE FLOORING SPECIALISTS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF UK CONCRETE FLOORING SPECIALISTS LIMITED FOR THE YEAR ENDED 30 NOVEMBER 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of UK Concrete Flooring Specialists Limited for the year ended 30 November 2024 which comprise, the balance sheet 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 at https://www.icaew.com/regulation.

This report is made solely to the board of directors of UK Concrete Flooring Specialists Limited, as a body, in accordance with the terms of our engagement letter dated 16 October 2024. Our work has been undertaken solely to prepare for your approval the financial statements of UK Concrete Flooring Specialists Limited and state those matters that we have agreed to state to the board of directors of UK Concrete Flooring Specialists Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than UK Concrete Flooring Specialists Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that UK Concrete Flooring Specialists 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 UK Concrete Flooring Specialists Limited. You consider that UK Concrete Flooring Specialists 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 UK Concrete Flooring Specialists 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.

Malcolm Piper & Company Limited
26 August 2025
Chartered Accountants
Kingsnorth House
Blenheim Way
Birmingham
West Midlands
United Kingdom
B44 8LS
UK CONCRETE FLOORING SPECIALISTS LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
85,501
137,726
Current assets
Debtors
5
150,315
75,400
Cash at bank and in hand
264,099
119,637
414,414
195,037
Creditors: amounts falling due within one year
6
(395,960)
(292,018)
Net current assets/(liabilities)
18,454
(96,981)
Total assets less current liabilities
103,955
40,745
Creditors: amounts falling due after more than one year
7
(16,486)
-
0
Provisions for liabilities
(21,375)
(28,911)
Net assets
66,094
11,834
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
65,994
11,734
Total equity
66,094
11,834

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

UK CONCRETE FLOORING SPECIALISTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2024
30 November 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 26 August 2025 and are signed on its behalf by:
Mrs  Joanna Timmins
Director
Company registration number 14459573 (England and Wales)
UK CONCRETE FLOORING SPECIALISTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 4 -
1
Accounting policies
Company information

UK Concrete Flooring Specialists Limited is a private company limited by shares incorporated in England and Wales. The registered office is 16 Norfolk Drive, Tamworth, Staffordshire, B78 3XP.

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
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets 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
20% Reducing balance
Computers
25% Straight line
Motor vehicles
25% 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
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

UK CONCRETE FLOORING SPECIALISTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.6
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 profit and loss account 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.

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.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2024
2023
Number
Number
Total
5
4
UK CONCRETE FLOORING SPECIALISTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 6 -
4
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 December 2023
96,850
548
79,781
177,179
Additions
9,233
1,428
34,990
45,651
Disposals
(60,000)
-
0
(10,545)
(70,545)
At 30 November 2024
46,083
1,976
104,226
152,285
Depreciation and impairment
At 1 December 2023
19,370
137
19,946
39,453
Depreciation charged in the year
17,343
494
23,708
41,545
Eliminated in respect of disposals
(9,600)
-
0
(4,614)
(14,214)
At 30 November 2024
27,113
631
39,040
66,784
Carrying amount
At 30 November 2024
18,970
1,345
65,186
85,501
At 30 November 2023
77,480
411
59,835
137,726

Included in motor vehicles is an asset with a net book value of £26,242 (2023 £nil) held under a hire purchase agreement.

5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
143,773
57,512
Other debtors
6,542
17,888
150,315
75,400
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
17,203
6,447
Taxation and social security
51,941
2,599
Other creditors
326,816
282,972
395,960
292,018

Included within other creditors is a hire purchase liability which is secured on the asset which it relates to,

UK CONCRETE FLOORING SPECIALISTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 7 -
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
16,486
-
0

Included within other creditors is a hire purchase liability which is secured on the asset which it relates to,

8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
9
Related party transactions

Trust Construction (Nationwide) Limited

 

A company of which Mr K Tiimmins is a director and shareholder.

 

During the year the company traded with Trust Construction (Nationwide) Limited. At the 30 November 2024 the amount due to Trust Construction (Nationwide) Limited amounted to £43,055 (2023:£43,050). It is unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand.

 

 

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