REGISTERED NUMBER: 06787684 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

FLOOR SEASONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Manley

SECRETARY:

Mrs H Manley

REGISTERED OFFICE:

Aruna House

2 Kings Road

Haslemere

Surrey

GU27 2QA

REGISTERED NUMBER:

06787684 (England and Wales)

ACCOUNTANTS:

A & N (Haslemere) Limited

Aruna House

2 Kings Road

Haslemere

Surrey

GU27 2QA

FIXED ASSETS

Tangible assets

3

77,922

28,496

CURRENT ASSETS

Stocks

8,880

8,433

Debtors

4

249,924

165,293

Cash at bank and in hand

42,806

101,641

301,610

275,367

CREDITORS

Amounts falling due within one year

5

328,784

288,404

NET CURRENT LIABILITIES

(27,174

)

(13,037

)

TOTAL ASSETS LESS CURRENT LIABILITIES

50,748

15,459

CREDITORS

Amounts falling due after more than one year

6

(24,620

)

(5,103

)

PROVISIONS FOR LIABILITIES

-

(2,253

)

NET ASSETS

26,128

8,103

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

26,028

8,003

SHAREHOLDERS' FUNDS

26,128

8,103

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 30 October 2025 and were signed by:

M Manley - Director

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

Land and buildings

-

20% on cost

Plant and machinery etc

-

25% on reducing balance, 25% on reducing balance and 10% on cost

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

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

3.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Short

to

and

leasehold

property

fittings

£

£

£

COST

At 1 February 2024

11,108

9,800

29,234

Additions

4,592

11,370

261

Disposals

-

-

-

At 31 January 2025

15,700

21,170

29,495

DEPRECIATION

At 1 February 2024

11,108

9,800

26,026

Charge for year

345

840

650

Eliminated on disposal

-

-

-

At 31 January 2025

11,453

10,640

26,676

NET BOOK VALUE

At 31 January 2025

4,247

10,530

2,819

At 31 January 2024

-

-

3,208

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2024

54,542

25,270

129,954

Additions

60,392

1,773

78,388

Disposals

(48,042

)

-

(48,042

)

At 31 January 2025

66,892

27,043

160,300

DEPRECIATION

At 1 February 2024

36,026

18,498

101,458

Charge for year

11,138

4,471

17,444

Eliminated on disposal

(36,524

)

-

(36,524

)

At 31 January 2025

10,640

22,969

82,378

NET BOOK VALUE

At 31 January 2025

56,252

4,074

77,922

At 31 January 2024

18,516

6,772

28,496

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

Motor

vehicles

£

COST

At 1 February 2024

54,542

Additions

60,392

Disposals

(48,042

)

At 31 January 2025

66,892

DEPRECIATION

At 1 February 2024

36,026

Charge for year

11,138

Eliminated on disposal

(36,524

)

At 31 January 2025

10,640

NET BOOK VALUE

At 31 January 2025

56,252

At 31 January 2024

18,516

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

203,889

130,012

Other debtors

46,035

35,281

249,924

165,293

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Hire purchase contracts

9,741

4,322

Trade creditors

55,004

164,905

Taxation and social security

48,236

12,581

Other creditors

215,803

106,596

328,784

288,404

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Hire purchase contracts

24,620

5,103