REGISTERED NUMBER: 06899454 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BEST4FLOORING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P Humphries

REGISTERED OFFICE:

26 Berrycroft Lane

Romiley

Stockport

Cheshire

SK6 3AU

REGISTERED NUMBER:

06899454 (England and Wales)

ACCOUNTANTS:

Anthony Wych & Co

26 Berrycroft Lane

Romiley

Stockport

Cheshire

SK6 3AU

FIXED ASSETS

Intangible assets

4

28,830

21,018

Tangible assets

5

177,979

35,537

206,809

56,555

CURRENT ASSETS

Stocks

505,212

473,685

Debtors

6

56,054

52,143

Cash at bank

169,145

69,500

730,411

595,328

CREDITORS

Amounts falling due within one year

7

422,257

330,606

NET CURRENT ASSETS

308,154

264,722

TOTAL ASSETS LESS CURRENT LIABILITIES

514,963

321,277

CREDITORS

Amounts falling due after more than one year

8

(102,863

)

(15,738

)

PROVISIONS FOR LIABILITIES

(49,055

)

(1,115

)

NET ASSETS

363,045

304,424

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

363,043

304,422

SHAREHOLDERS' FUNDS

363,045

304,424

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

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

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 5 September 2025 and were signed by:

Mr P Humphries - Director

1.	STATUTORY INFORMATION

Best4Flooring 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.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

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

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 April 2024

71,361

Additions

18,795

At 31 March 2025

90,156

AMORTISATION

At 1 April 2024

50,343

Amortisation for year

10,983

At 31 March 2025

61,326

NET BOOK VALUE

At 31 March 2025

28,830

At 31 March 2024

21,018

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

184,658

73,245

22,501

280,404

Additions

25,850

151,211

-

177,061

At 31 March 2025

210,508

224,456

22,501

457,465

DEPRECIATION

At 1 April 2024

157,134

66,684

21,049

244,867

Charge for year

24,152

9,561

906

34,619

At 31 March 2025

181,286

76,245

21,955

279,486

NET BOOK VALUE

At 31 March 2025

29,222

148,211

546

177,979

At 31 March 2024

27,524

6,561

1,452

35,537

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,777

217

Directors' current accounts

9,874

-

Prepayments

44,403

51,926

56,054

52,143

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

22,195

-

Trade creditors

341,146

253,315

Social security and other taxes

5,596

5,897

VAT

36,446

45,129

Other creditors

3,857

1,407

Directors' current accounts

-

629

Accruals and deferred income

3,017

14,229

422,257

330,606

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

5,697

10,000

Bank loans - 2-5 years

-

5,738

Hire purchase contracts

97,166

-

102,863

15,738