The Flooring Company Sheffield Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11143864 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

THE FLOORING COMPANY SHEFFIELD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S E Wilkinson

REGISTERED OFFICE:

Unit 1G

Carlisle House

Carlisle Street East

Sheffield

South Yorkshire

S4 7QN

REGISTERED NUMBER:

11143864 (England and Wales)

ACCOUNTANTS:

Jones Francis Limited

400-402 Richmond Road

Sheffield

South Yorkshire

S13 8LZ

FIXED ASSETS

Tangible assets

4

11,424

15,356

CURRENT ASSETS

Stocks

46,224

52,089

Debtors

5

119,706

155,452

Cash at bank

19,104

2,605

185,034

210,146

CREDITORS

Amounts falling due within one year

6

254,570

208,907

NET CURRENT (LIABILITIES)/ASSETS

(69,536

)

1,239

TOTAL ASSETS LESS CURRENT
LIABILITIES

(58,112

)

16,595

CREDITORS

Amounts falling due after more than
one year

7

(5,383

)

(13,660

)

PROVISIONS FOR LIABILITIES

-

(2,917

)

NET (LIABILITIES)/ASSETS

(63,495

)

18

CAPITAL AND RESERVES

Called up share capital

9

1

Retained earnings

(63,496

)

17

SHAREHOLDERS' FUNDS

(63,495

)

18

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 October 2025 and were signed by:

S E Wilkinson - Director

1.	STATUTORY INFORMATION

The Flooring Company Sheffield 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.

Going Concern

The accounts have been prepared on a going concern basis, despite the fact that liabilities exceed assets.

Taking into account the current trading performance and future orders, the directors has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 February 2024

and 31 January 2025

24,452

1,956

26,408

DEPRECIATION

At 1 February 2024

10,263

789

11,052

Charge for year

3,547

385

3,932

At 31 January 2025

13,810

1,174

14,984

NET BOOK VALUE

At 31 January 2025

10,642

782

11,424

At 31 January 2024

14,189

1,167

15,356

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

Motor

vehicles

£

COST

At 1 February 2024

and 31 January 2025

17,457

DEPRECIATION

At 1 February 2024

5,728

Charge for year

2,932

At 31 January 2025

8,660

NET BOOK VALUE

At 31 January 2025

8,797

At 31 January 2024

11,729

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Trade debtors

10,785

37,431

Other debtors

108,921

118,021

119,706

155,452

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Bank loans and overdrafts

4,035

7,071

Hire purchase contracts (see note 8)

3,400

Taxation and social security

221,061

186,301

Other creditors

26,074

12,135

254,570

208,907

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.1.25

31.1.24

£

Bank loans

-

4,877

Hire purchase contracts (see note 8)

5,383

8,783

5,383

13,660

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.1.25

31.1.24

£

Net obligations repayable:

Within one year

3,400

Between one and five years

5,383

8,783

12,183

Non-cancellable

operating leases

31.1.25

31.1.24

£

Within one year

12,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

1

Ordinary

1

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

S E Wilkinson

Balance outstanding at start of year

87,518

70,106

Amounts advanced

-

17,412

Amounts repaid

(9,101

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

78,417

87,518

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S E Wilkinson.