REGISTERED NUMBER: 09273155 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Floor Preparation Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T C Wareing

D Zborowski

REGISTERED OFFICE:

50 Lewis Road

Istead Rise

Gravesend

DA13 9JG

REGISTERED NUMBER:

09273155 (England and Wales)

ACCOUNTANTS:

BPSL

Brooms Professional Services Limited

Chartered Certified Accountants

Broom House

39/43 London Road

Hadleigh, Benfleet

Essex

SS7 2QL

FIXED ASSETS

Tangible assets

4

26,488

27,969

CURRENT ASSETS

Stocks

620

500

Debtors

5

75,058

160,018

Cash at bank and in hand

32,239

5,042

107,917

165,560

CREDITORS

Amounts falling due within one year

6

76,750

126,645

NET CURRENT ASSETS

31,167

38,915

TOTAL ASSETS LESS CURRENT LIABILITIES

57,655

66,884

CREDITORS

Amounts falling due after more than one year

7

(8,669

)

(12,137

)

PROVISIONS FOR LIABILITIES

(6,622

)

(5,314

)

NET ASSETS

42,364

49,433

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

42,360

49,429

42,364

49,433

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 16 September 2025 and were signed on its behalf by:

T C Wareing - Director

1.	STATUTORY INFORMATION

Floor Preparation Ltd 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

35,716

Additions

6,849

At 31 December 2024

42,565

DEPRECIATION

At 1 January 2024

7,747

Charge for year

8,330

At 31 December 2024

16,077

NET BOOK VALUE

At 31 December 2024

26,488

At 31 December 2023

27,969

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

-

46,524

Other debtors

75,058

113,494

75,058

160,018

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

3,468

3,468

Trade creditors

2,626

-

Tax

58,183

96,781

Social security and other taxes

-

24,870

Other creditors

7,924

-

Directors' current accounts

1,549

76

Accrued expenses

3,000

1,450

76,750

126,645

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

8,669

12,137