Registration number: 10025354

Floor Sanding Partners Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Floor Sanding Partners Limited

Company Information

Directors

Mr D Olldashi Mr K Kaculi

Registered office

144 Portland Road Hove East Sussex BN3 5QL

Accountants

Chisnall Comer Ismail and Co Chartered AccountantsMaria House 35 Millers Road Brighton BN1 5NP

Floor Sanding Partners Limited

(Registration number: 10025354)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	17,142	22,128
Current assets
Stocks	5	30,032	28,532
Debtors	6	25,617	25,617
Cash at bank and in hand		13,971	4,174
		69,620	58,323
Creditors: Amounts falling due within one year	7	(44,820)	(49,457)
Net current assets		24,800	8,866
Total assets less current liabilities		41,942	30,994
Creditors: Amounts falling due after more than one year	7	(41,091)	(28,875)
Provisions for liabilities		-	(803)
Net assets		851	1,316
Capital and reserves
Called up share capital	10	20	20
Retained earnings		831	1,296
Shareholders' funds		851	1,316

For the financial year ending 28 February 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Floor Sanding Partners Limited

(Registration number: 10025354)
Balance Sheet as at 28 February 2025

Approved and authorised by the Board on 15 September 2025 and signed on its behalf by:



 

.........................................

Mr D Olldashi

Director

Floor Sanding Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
144 Portland Road
Hove
East Sussex
BN3 5QL

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Floor Sanding Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings, tools and equipment	20% straight line
Plant and machinery	20% straight line
Office equipment	20% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Floor Sanding Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 6).

Floor Sanding Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 March 2024	3,991	47,153	51,144
Additions	1,041	-	1,041
At 28 February 2025	5,032	47,153	52,185
Depreciation
At 1 March 2024	1,125	27,891	29,016
Charge for the year	1,290	4,737	6,027
At 28 February 2025	2,415	32,628	35,043
Carrying amount
At 28 February 2025	2,617	14,525	17,142
At 29 February 2024	2,866	19,262	22,128

5

Stocks

	2025 £	2024 £
Other inventories	30,032	28,532

6

Debtors

Current	2025 £	2024 £
Other debtors	25,617	25,617
	25,617	25,617

Floor Sanding Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	26,535	10,500
Trade creditors		56	29
Taxation and social security		15,360	3,911
Other creditors		2,869	35,017
		44,820	49,457

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	41,091	28,875

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	41,091	28,875

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	26,535	10,500

9

Dividends

		2025		2024
		£		£
Interim dividend of £1,120.00 (2024 - £Nil) per ordinary share		22,400		-

10	Share capital

Allotted, called up and fully paid shares

Floor Sanding Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	20	20	20	20