Peter Jones Flooring Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07687775 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Peter Jones Flooring Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C P Blanthorn

Mrs A J Blanthorn

REGISTERED OFFICE:

295/297 Church Street

Blackpool

Lancashire

FY1 3PJ

REGISTERED NUMBER:

07687775 (England and Wales)

ACCOUNTANTS:

CCW Limited

Chartered Accountants

295/297 Church Street

Blackpool

Lancashire

FY1 3PJ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

17,465

20,194

17,465

20,194

CURRENT ASSETS

Stocks

25,000

Debtors

6

72,960

32,828

Cash at bank

33,852

20,353

131,812

78,181

CREDITORS

Amounts falling due within one year

7

131,152

86,556

NET CURRENT ASSETS/(LIABILITIES)

660

(8,375

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

18,125

11,819

CREDITORS

Amounts falling due after more than one year

8

-

(2,648

)

PROVISIONS FOR LIABILITIES

(4,112

)

(4,219

)

NET ASSETS

14,013

4,952

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

13,913

4,852

SHAREHOLDERS' FUNDS

14,013

4,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 4 December 2025 and were signed on its behalf by:

Mr C P Blanthorn - Director

1.	STATUTORY INFORMATION

Peter Jones Flooring 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

25% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% 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.

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 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 30 June 2025

44,000

AMORTISATION

At 1 July 2024

and 30 June 2025

44,000

NET BOOK VALUE

At 30 June 2025

-

At 30 June 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

COST

At 1 July 2024

12,468

46,078

17,211

75,757

Additions

-

1,150

-

1,150

At 30 June 2025

12,468

47,228

17,211

76,907

DEPRECIATION

At 1 July 2024

12,468

34,355

8,740

55,563

Charge for year

-

1,761

2,118

3,879

At 30 June 2025

12,468

36,116

10,858

59,442

NET BOOK VALUE

At 30 June 2025

-

11,112

6,353

17,465

At 30 June 2024

-

11,723

8,471

20,194

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Trade debtors

67,502

26,727

Prepayments

5,458

6,101

72,960

32,828

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Hire purchase contracts

2,648

4,375

Trade creditors

64,859

44,116

Tax

32,770

19,685

Social security and other taxes

23,203

12,536

Directors' loan accounts

5,447

3,671

Accrued expenses

2,225

2,173

131,152

86,556

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.6.25

30.6.24

£

Hire purchase contracts

-

2,648

9.	RELATED PARTY DISCLOSURES

The company leases the freehold property from the directors and has paid rent in the year of £34,320 (2024: £33,625).