| SPW FLOOR SCREEDING SPECIALISTS LIMITED |
| Registered number: |
06037161 |
| Balance Sheet |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
37,845 |
|
|
43,734 |
|
| Current assets |
| Debtors |
4 |
|
4,980 |
|
|
82,905 |
| Cash at bank and in hand |
|
|
140,393 |
|
|
208,418 |
|
|
|
145,373 |
|
|
291,323 |
|
| Creditors: amounts falling due within one year |
5 |
|
(165,366) |
|
|
(128,220) |
|
| Net current (liabilities)/assets |
|
|
|
(19,993) |
|
|
163,103 |
|
| Total assets less current liabilities |
|
|
|
17,852 |
|
|
206,837 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(5,000) |
|
|
(15,000) |
|
| Provisions for liabilities |
|
|
|
(9,461) |
|
|
(10,933) |
|
|
| Net assets |
|
|
|
3,391 |
|
|
180,904 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
3,291 |
|
|
180,804 |
|
| Shareholders' funds |
|
|
|
3,391 |
|
|
180,904 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Slawomir Woloch |
| Director |
| Approved by the board on 30 April 2025 |
|
| SPW FLOOR SCREEDING SPECIALISTS LIMITED |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
Plant and machinery |
over 4 years |
|
Fixtures, fittings, tools and equipment |
over 4 years |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Current and deferred tax liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 January 2024 |
163,047 |
|
139,008 |
|
302,055 |
|
Additions |
22,000 |
|
- |
|
22,000 |
|
At 31 December 2024 |
185,047 |
|
139,008 |
|
324,055 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2024 |
145,907 |
|
112,414 |
|
258,321 |
|
Charge for the year |
14,014 |
|
13,875 |
|
27,889 |
|
At 31 December 2024 |
159,921 |
|
126,289 |
|
286,210 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2024 |
25,126 |
|
12,719 |
|
37,845 |
|
At 31 December 2023 |
17,140 |
|
26,594 |
|
43,734 |
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
111 |
|
40,515 |
|
Other debtors, prepayments, recoverable VAT |
4,869 |
|
42,390 |
|
|
|
|
|
|
4,980 |
|
82,905 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans and overdrafts |
10,000 |
|
10,000 |
|
Trade creditors |
55,564 |
|
73,449 |
|
Taxation and social security costs |
72,873 |
|
37,531 |
|
Other creditors, directors loans |
26,929 |
|
7,240 |
|
|
|
|
|
|
165,366 |
|
128,220 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans |
5,000 |
|
15,000 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
SPW FLOOR SCREEDING SPECIALISTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
Woodside House Woodside |
|
Thornwood |
|
Epping |
|
Essex |
|
CM16 6LF |