Company Registration No. 07167802 (England and Wales)
Rosemount Flooring (UK) Limited
Unaudited accounts
for the year ended 31 December 2024
Rosemount Flooring (UK) Limited
Unaudited accounts
Contents
Rosemount Flooring (UK) Limited
Company Information
for the year ended 31 December 2024
Company Number
07167802 (England and Wales)
Registered Office
ABVK. M25 Business Centre
Ability House, 121 Brooker Rd
Waltham Abbey
Essex
EN91JH
Accountants
ABVK Limited
M25 Business Centre, Ability House
121 Brooker Road
Waltham Abbey
Essex
EN9 1JH
Rosemount Flooring (UK) Limited
Statement of financial position
as at 31 December 2024
Tangible assets
70,329
52,974
Cash at bank and in hand
35,707
180,167
Creditors: amounts falling due within one year
(182,351)
(292,230)
Net current assets
180,532
240,307
Total assets less current liabilities
250,861
293,281
Creditors: amounts falling due after more than one year
(38,403)
(30,270)
Provisions for liabilities
Deferred tax
(9,274)
(10,472)
Net assets
203,184
252,539
Called up share capital
10
10
Profit and loss account
203,174
252,529
Shareholders' funds
203,184
252,539
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 7 August 2025 and were signed on its behalf by
S G Alp
Director
Company Registration No. 07167802
Rosemount Flooring (UK) Limited
Notes to the Accounts
for the year ended 31 December 2024
Rosemount Flooring (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 07167802. The registered office is ABVK. M25 Business Centre, Ability House, 121 Brooker Rd, Waltham Abbey, Essex, EN91JH.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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:
Land & buildings
Over the period of the Lease
Plant & machinery
10% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
10% straight line
Computer equipment
10% staright line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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 completion.
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.
Rosemount Flooring (UK) Limited
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2024
18,235
11,000
41,154
31,898
24,460
126,747
Additions
-
-
37,015
-
2,006
39,021
At 31 December 2024
18,235
11,000
78,169
31,898
26,466
165,768
At 1 January 2024
10,940
6,600
24,074
16,200
15,959
73,773
Charge for the year
1,824
1,100
13,524
3,190
2,028
21,666
At 31 December 2024
12,764
7,700
37,598
19,390
17,987
95,439
At 31 December 2024
5,471
3,300
40,571
12,508
8,479
70,329
At 31 December 2023
7,295
4,400
17,080
15,698
8,501
52,974
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Rosemount Flooring (UK) Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
217,763
238,821
Accrued income and prepayments
43,018
32,525
Other debtors
66,395
81,024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,700
10,000
Obligations under finance leases and hire purchase contracts
9,789
8,504
Trade creditors
113,000
146,003
Taxes and social security
39,996
88,365
Finance leases are secured against specific assets
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
30,351
12,770
The company operates a defined contribution pension scheme on behalf of its directors and certain employees. The assets of the scheme and those of the company are held separately. The scheme is administered in an independent fund. The commitment for the period under this scheme is for contributions of 2021 - £11,808 (2020 - £10,552).
10
Transactions with related parties
During the year, the company paid dividends to its directors who are also shareholders. The total amounts received were as follows:
Stuart Alp: £54,253
Matthew Alp: £19,267
There were no other related party transactions requiring disclosure in the financial statements.
11
Average number of employees
During the year the average number of employees was 11 (2023: 9).