Re Flooring London Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10497776

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		15,835		17,643

			15,835		17,643
CURRENT ASSETS
Stocks	5	26,420		42,500
Debtors	6	985,400		512,557
Cash at bank and in hand		28,867		35,201

		1,040,687		590,258
Creditors: Amounts Falling Due Within One Year	7	(876,934 )		(429,349 )

NET CURRENT ASSETS (LIABILITIES)			163,753		160,909

TOTAL ASSETS LESS CURRENT LIABILITIES			179,588		178,552

Creditors: Amounts Falling Due After More Than One Year	8		(30,000 )		(50,000 )

NET ASSETS			149,588		128,552

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			149,586		128,550

SHAREHOLDERS' FUNDS			149,588		128,552

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Re Flooring London Limited

Balance Sheet (continued)

As At 30 November 2024

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Derek Veira

Director

20/05/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Re Flooring London Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10497776 . The registered office is 69-70 Long Lane, 3rd Floor, 3rd Floor, London, EC1A 9EJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	20
Computer Equipment	20

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Re Flooring London Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2024

2.5. Taxation

Income tax expense represents the sum of the tax currently payable tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2023: 4)

4. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 December 2023	28,125
Additions	4,771

As at 30 November 2024	32,896

Depreciation
As at 1 December 2023	10,482
Provided during the period	6,579

As at 30 November 2024	17,061

Net Book Value
As at 30 November 2024	15,835

As at 1 December 2023	17,643

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

5. Stocks

	2024	2023
	£	£
Work in progress	26,420	42,500

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Re Flooring London Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	747,962	408,939
Other debtors	237,438	103,618

	985,400	512,557

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	615,875	327,152
Bank loans and overdrafts	158,772	36,562
Other loans	-	18,839
Other creditors	19,439	9,050
Taxation and social security	82,848	37,746

	876,934	429,349

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	30,000	50,000

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

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