REGISTERED NUMBER: 07120715 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Donnelly Watson Flooring Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D Donnelly

Mr SL Watson

Mrs E Donnelly

Mrs C Watson

REGISTERED OFFICE:

10 Ladbrook Close

Elmsett

Ipswich

Suffolk

IP7 6LD

REGISTERED NUMBER:

07120715 (England and Wales)

ACCOUNTANTS:

Emsdens Limited - Chartered Certified Accountants

Ladbrook Close

Elmsett

Ipswich

Suffolk

IP7 6LD

FIXED ASSETS

Tangible assets

4

8,953

33,014

Investment property

5

538,386

538,386

547,339

571,400

CURRENT ASSETS

Stocks

-

1,000

Debtors

6

77,724

95,927

Cash at bank

103,942

257,670

181,666

354,597

CREDITORS

Amounts falling due within one year

7

38,501

205,826

NET CURRENT ASSETS

143,165

148,771

TOTAL ASSETS LESS CURRENT LIABILITIES

690,504

720,171

CREDITORS

Amounts falling due after more than one year

8

(5,000

)

(15,000

)

PROVISIONS FOR LIABILITIES

(2,239

)

(6,273

)

NET ASSETS

683,265

698,898

CAPITAL AND RESERVES

Called up share capital

10

4

4

Retained earnings

683,261

698,894

SHAREHOLDERS' FUNDS

683,265

698,898

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 directors acknowledge their 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 Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

Mr D Donnelly - Director

Mr SL Watson - Director

1.	STATUTORY INFORMATION

Donnelly Watson Flooring 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.

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 and 20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

96,727

Additions

18,334

Disposals

(86,279

)

At 31 December 2024

28,782

DEPRECIATION

At 1 January 2024

63,713

Charge for year

2,693

Eliminated on disposal

(46,577

)

At 31 December 2024

19,829

NET BOOK VALUE

At 31 December 2024

8,953

At 31 December 2023

33,014

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

538,386

NET BOOK VALUE

At 31 December 2024

538,386

At 31 December 2023

538,386

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

64,972

78,813

Other debtors

12,752

17,114

77,724

95,927

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

-

52,137

Taxation and social security

26,164

141,676

Other creditors

2,337

2,013

38,501

205,826

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

5,000

15,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,000

15,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

15,000

25,000

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

4

Ordinary

£1

4

4

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr SL Watson.

The ultimate controlling party is Mr SL Watson.