REGISTERED NUMBER: 04637280 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

M P FLOORING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr L Potiuk

Mr F M Potiuk

REGISTERED OFFICE:

39 The Metro Centre

Tolpits Lane

Watford

Hertfordshire

WD18 9SB

REGISTERED NUMBER:

04637280 (England and Wales)

ACCOUNTANTS:

Meades Group Limited

39 The Metro Centre

Tolpits Lane

Watford

Hertfordshire

WD18 9SB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

43,419

57,615

43,419

57,615

CURRENT ASSETS

Debtors

6

21,566

34,652

Cash at bank

123,048

98,856

144,614

133,508

CREDITORS

Amounts falling due within one year

7

74,449

75,233

NET CURRENT ASSETS

70,165

58,275

TOTAL ASSETS LESS CURRENT LIABILITIES

113,584

115,890

CREDITORS

Amounts falling due after more than one year

8

(20,490

)

(29,887

)

PROVISIONS FOR LIABILITIES

(3,721

)

(1,102

)

NET ASSETS

89,373

84,901

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

89,369

84,897

SHAREHOLDERS' FUNDS

89,373

84,901

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th September 2025 and were signed on its behalf by:

Mr L Potiuk - Director

1.	STATUTORY INFORMATION

M P 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 represents total invoices for floor fitting services provided throughout the year, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

30,800

AMORTISATION

At 1st April 2024

and 31st March 2025

30,800

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1st April 2024

3,021

95,974

98,995

Additions

217

-

217

At 31st March 2025

3,238

95,974

99,212

DEPRECIATION

At 1st April 2024

1,492

39,888

41,380

Charge for year

392

14,021

14,413

At 31st March 2025

1,884

53,909

55,793

NET BOOK VALUE

At 31st March 2025

1,354

42,065

43,419

At 31st March 2024

1,529

56,086

57,615

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st April 2024

and 31st March 2025

77,698

DEPRECIATION

At 1st April 2024

24,615

Charge for year

14,021

At 31st March 2025

38,636

NET BOOK VALUE

At 31st March 2025

39,062

At 31st March 2024

53,083

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

20,771

33,339

CIS repayable

423

1,120

Prepayments

372

193

21,566

34,652

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

9,397

9,397

Trade creditors

11,549

16,566

Corporation tax

30,776

30,750

VAT

12,619

10,675

Company credit card

1,317

1,379

Directors' current accounts

8,791

6,466

74,449

75,233

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

20,490

29,887

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

29,887

39,284

10.	RELATED PARTY DISCLOSURES

The directors' current account balances of £8,791 (2024 - £6,466) have no fixed date for repayment, are repayable upon demand and are non-interest bearing.