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REGISTERED NUMBER: 05489847 (England and Wales)















A J Flooring Limited

Unaudited Financial Statements

for the year ended

30 November 2024






A J Flooring Limited (Registered number: 05489847)

Contents of the Financial Statements
for the year ended 30 November 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 4


A J Flooring Limited (Registered number: 05489847)

Balance Sheet
30 November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 71,287 64,129

CURRENT ASSETS
Stocks 12,182 11,651
Debtors 5 151,561 131,025
Cash at bank 26,241 28,306
189,984 170,982
CREDITORS
Amounts falling due within one year 6 (109,244 ) (73,978 )
NET CURRENT ASSETS 80,740 97,004
TOTAL ASSETS LESS CURRENT LIABILITIES 152,027 161,133

CREDITORS
Amounts falling due after more than one year 7 (42,339 ) (54,245 )

PROVISIONS FOR LIABILITIES (17,822 ) (16,032 )
NET ASSETS 91,866 90,856

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 91,864 90,854
SHAREHOLDERS' FUNDS 91,866 90,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 27 August 2025 and were signed on its behalf by:





Mr A Sparkes - Director


A J Flooring Limited (Registered number: 05489847)

Notes to the Financial Statements
for the year ended 30 November 2024


1. STATUTORY INFORMATION

A J Flooring Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05489847

Registered office: Town Wall House
Balkerne Hill
Colchester
Essex
CO3 3AD

For the purposes of presentation, the financial statements are rounded to the nearest 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% 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.

Financial instruments
Basic financial instruments are measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred 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 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

A J Flooring Limited (Registered number: 05489847)

Notes to the Financial Statements - continued
for the year ended 30 November 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised at amortised cost.

Government grants
The company has chosen to adopt the accruals model in relation to income received from the government.
Grants and other government related income is recognised in the income statement on a systematic basis.
The entity recognises gross costs for which the grant is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 1,219 106,453 11,156 118,828
Additions - 25,950 275 26,225
At 30 November 2024 1,219 132,403 11,431 145,053
DEPRECIATION
At 1 December 2023 486 47,745 6,468 54,699
Charge for year 110 18,240 717 19,067
At 30 November 2024 596 65,985 7,185 73,766
NET BOOK VALUE
At 30 November 2024 623 66,418 4,246 71,287
At 30 November 2023 733 58,708 4,688 64,129

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,782 22,891
Other debtors 70,747 75,211
Directors' current accounts 27,521 13,627
Tax 8,653 3,444
VAT 15,179 15,852
Prepayments and accrued income 679 -
151,561 131,025

A J Flooring Limited (Registered number: 05489847)

Notes to the Financial Statements - continued
for the year ended 30 November 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 5,882 5,513
Trade creditors 14,322 12,881
Corporation tax 39,555 30,616
Other creditors 385 348
Directors' current accounts 40,693 16,525
Accruals and deferred income 2,407 2,095
109,244 73,978

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 4,000 6,000
Bank loans - 2-5 years - 4,000
Hire purchase contracts 38,339 44,245
42,339 54,245

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, A Sparkes was advanced a total of £64,420 (2023: £55,743) and introduced capital of £50,525 (2023: £55,880). At the year end, A Sparked owed the Company £27,521 (2023: £13,626).

This balance is repayable on demand and attracts interest at a rate of 2.25% per annum.