City West Flooring Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14265026

City West Flooring Limited

Filleted Unaudited Financial Statements

Period ended

30 March 2024

City West Flooring Limited

Statement of Financial Position

30 March 2024

	2024		2023
Note	£	£	£	£

Current assets

Debtors	5	3,768	5,955
Cash at bank and in hand		9,223	111
		--------	-------
		12,991	6,066

Creditors: amounts falling due within one year	6	1,900		10,252
		--------		--------
Net current assets/(liabilities)			11,091		( 4,186)
			--------		-------
Total assets less current liabilities			11,091		( 4,186)

Creditors: amounts falling due after more than one year	7	35,028	18,509
		--------	--------
Net liabilities		( 23,937)	( 22,695)
		--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 24,037)	( 22,795)
	--------	--------
Shareholders deficit	( 23,937)	( 22,695)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 30 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

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

City West Flooring Limited

Statement of Financial Position (continued)

30 March 2024

These financial statements were approved by the board of directors and authorised for issue on 28 August 2025 , and are signed on behalf of the board by:

Mrs A McGarrity	Mr S McGarrity
Director	Director

Company registration number: 14265026

City West Flooring Limited

Notes to the Financial Statements

Period ended 30 March 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Wistow Road, Selby, YO8 3LZ, England.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Going concern

Following the challenges arising as a consequence of the Covid-19 pandemic in 2020/21, more latterly the UK economy has been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it, and do not believe that it it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis. In addition to the above, the financial statements show a loss for the year of £1,242. The Company has net liabilities at the Balance Sheet date of £23,937. The directors have confirmed that they are willing to support the company for the foreseeable future. Therefore the going concern basis is applicable.

(c) Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue is recognised on completion of the work undertaken.

(d) Current & deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

(e) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 2 (2023: 3 ).

5. Debtors

	2024	2023
	£	£
Trade debtors	–	1,277
Other debtors	3,768	4,678
	-------	-------
	3,768	5,955
	-------	-------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	1,900	6,956
Social security and other taxes	–	3,296
	-------	--------
	1,900	10,252
	-------	--------

7. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
City West Projects	35,028	18,509
	--------	--------

8. Directors' advances, credits and guarantees

During the period the directors entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mrs A McGarrity	2,339	2,520	( 2,978)	1,881
Mr S McGarrity	2,338	2,519	( 2,978)	1,879
	-------	-------	-------	-------
	4,677	5,039	( 5,956)	3,760
	-------	-------	-------	-------

	2023
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mrs A McGarrity	–	2,339	–	2,339
Mr S McGarrity	–	2,339	–	2,339
	----	-------	----	-------
	–	4,678	–	4,678
	----	-------	----	-------