REGISTERED NUMBER: 11978437 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2024

for

Floors Retail Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Y Makhmoud

Mrs A Y Makhmoud

REGISTERED OFFICE:

100 Birmingham Road

Dudley

DY1 4RF

REGISTERED NUMBER:

11978437 (England and Wales)

ACCOUNTANTS:

MLA Advisory

Unit D10 Upper Lounge,

Pinetrees road

Norwich

Norfolk

NR7 9BB

FIXED ASSETS

Tangible assets

4

33,466

19,911

CURRENT ASSETS

Stocks

232,333

249,675

Debtors

5

24,465

76,746

Cash at bank

836

1,482

257,634

327,903

CREDITORS

Amounts falling due within one year

6

180,646

251,104

NET CURRENT ASSETS

76,988

76,799

TOTAL ASSETS LESS CURRENT LIABILITIES

110,454

96,710

CREDITORS

Amounts falling due after more than one year

7

(34,201

)

(30,134

)

PROVISIONS FOR LIABILITIES

(6,414

)

-

NET ASSETS

69,839

66,576

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

69,838

66,575

69,839

66,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 29 September 2025 and were signed on its behalf by:

Mrs A Y Makhmoud - Director

1.	STATUTORY INFORMATION

Floors Retail 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 cost and 20% on reducing balance

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 8 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2023

23,984

Additions

21,995

At 31 May 2024

45,979

DEPRECIATION

At 1 June 2023

4,073

Charge for year

8,440

At 31 May 2024

12,513

NET BOOK VALUE

At 31 May 2024

33,466

At 31 May 2023

19,911

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.24

31.5.23

£

£

Amounts owed by group undertakings

-

57,661

Other debtors

24,465

19,085

24,465

76,746

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.24

31.5.23

£

£

Bank loans and overdrafts

8,000

8,000

Hire purchase contracts

7,728

3,769

Trade creditors

52,753

43,323

Taxation and social security

32,898

35,588

Other creditors

79,267

160,424

180,646

251,104

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.24

31.5.23

£

£

Bank loans

8,000

16,000

Hire purchase contracts

26,201

14,134

34,201

30,134