REGISTERED NUMBER: 07884083

Financial Statements

for the Year Ended 31 December 2024

for

FINESSE FLOORS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss G L Wheatcroft

SECRETARY:

REGISTERED OFFICE:

5 Harbour Way

Tipner

Portsmouth

Hampshire

PO2 8RJ

REGISTERED NUMBER:

07884083

ACCOUNTANTS:

Hunter Simmons Ltd

EMP Building

Unit 1, 4 Solent Road

Havant

Portsmouth

Hampshire

PO9 1JH

FIXED ASSETS

Tangible assets

4

28,210

10,669

CURRENT ASSETS

Debtors

5

85,833

47,659

Cash at bank

121,387

85,460

207,220

133,119

CREDITORS

Amounts falling due within one year

6

90,307

32,415

NET CURRENT ASSETS

116,913

100,704

TOTAL ASSETS LESS CURRENT LIABILITIES

145,123

111,373

CREDITORS

Amounts falling due after more than one year

7

27,752

33,741

NET ASSETS

117,371

77,632

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

117,271

77,532

SHAREHOLDERS' FUNDS

117,371

77,632

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 her 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 11 September 2025 and were signed by:

Miss G L Wheatcroft - Director

1.	STATUTORY INFORMATION

Finesse Floors Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

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 etc

-

25% on reducing balance

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.

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 3 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

53,403

Additions

28,975

Disposals

(38,233

)

At 31 December 2024

44,145

DEPRECIATION

At 1 January 2024

42,734

Charge for year

7,052

Eliminated on disposal

(33,851

)

At 31 December 2024

15,935

NET BOOK VALUE

At 31 December 2024

28,210

At 31 December 2023

10,669

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

640

8,734

Other debtors

85,193

38,925

85,833

47,659

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

11,855

-

Trade creditors

1

1

Taxation and social security

61,677

29,417

Other creditors

16,774

2,997

90,307

32,415

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

27,752

33,741

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Miss G L Wheatcroft.