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Company Registration No. 12145675 (England and Wales)
Courts Flooring Ltd Unaudited accounts for the year ended 31 August 2025
Courts Flooring Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Courts Flooring Ltd Company Information for the year ended 31 August 2025
Directors
Matthew Philip Boyd Court Emily Charlotte Felicity Court
Company Number
12145675 (England and Wales)
Registered Office
Unit 4 Trade Plas Buildings Stroud Road Nailsworth Stroud GL6 0BE England
Accountants
Next Level Accountants Limited 35 Goddard Way Tuffley Gloucester Gloucestershire GL4 0YA
- 3 -
Courts Flooring Ltd Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
54,989
41,780
Current assets
Inventories
22,000
15,000
Debtors
5
21,349
41,025
Cash at bank and in hand
38,268
11,548
81,617
67,573
Creditors: amounts falling due within one year
6
(72,142)
(44,512)
Net current assets
9,475
23,061
Total assets less current liabilities
64,464
64,841
Creditors: amounts falling due after more than one year
7
(30,836)
(22,170)
Provisions for liabilities
Deferred tax
(10,448)
(7,938)
Net assets
23,180
34,733
Capital and reserves
Called up share capital
100
100
Profit and loss account
23,080
34,633
Shareholders' funds
23,180
34,733
For the year ending 31 August 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by
Matthew Philip Boyd Court Director Company Registration No. 12145675
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Courts Flooring Ltd Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Courts Flooring Ltd is a private company, limited by shares, registered in England and Wales, registration number 12145675. The registered office is Unit 4, Trade Plas Buildings, Stroud Road, Nailsworth, Stroud, GL6 0BE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Presentation currency
The accounts are presented in £ sterling.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
25% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Courts Flooring Ltd Notes to the Accounts for the year ended 31 August 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 September 2024
52,240
13,378
1,041
66,659
Additions
37,990
-
-
37,990
Disposals
(9,500)
-
-
(9,500)
At 31 August 2025
80,730
13,378
1,041
95,149
Depreciation
At 1 September 2024
18,598
5,501
780
24,879
Charge for the year
16,146
2,674
261
19,081
On disposals
(3,800)
-
-
(3,800)
At 31 August 2025
30,944
8,175
1,041
40,160
Net book value
At 31 August 2025
49,786
5,203
-
54,989
At 31 August 2024
33,642
7,877
261
41,780
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
4,682
41,025
Accrued income and prepayments
16,667
-
21,349
41,025
- 6 -
Courts Flooring Ltd Notes to the Accounts for the year ended 31 August 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
3,458
5,436
VAT
11,685
14,493
Obligations under finance leases and hire purchase contracts
23,096
2,079
Trade creditors
26,077
14,398
Taxes and social security
7,721
4,432
Loans from directors
-
3,587
Accruals
105
87
72,142
44,512
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
3,000
Obligations under finance leases and hire purchase contracts
30,836
19,170
30,836
22,170
8
Average number of employees
During the year the average number of employees was 6 (2024: 7).
- 7 -